Tuesday, May 22, 2012
Abu Dhabi: Construction activities in healthcare and education will spur many projects in the GCC and Middle East, industry officials say.
The key driver behind this is the regions demographics. In Saudi Arabia, for example, the population is expected to grow by almost 50 per cent to about 28 million by 2020, said Shady Shaher, Senior Economist for the Middle East and North Africa at Standard Chartered Bank.
In Saudi Arabia, 750 new schools are being built and another 3,200 to begin construction, he said. Theres a backlog of 32,000 kilometres of roads ... theyre building another 4,000 kilometres of roads. Theyre building 17 new hospitals this year.
Samer Khoury, President of Engineering and Construction at the Consolidated Contractors Company (CCC), told a conference in Abu Dhabi on Monday that the company will be looking more aggressively at the healthcare sector in the future.
By Samia Badih, Staff Reporter
Gulf News 2012. All rights reserved.
