by AECOM –
As the global economy continues to face considerable headwinds amidst a year of positive market growth, the risk of a global recession lingers as geopolitics, energy and economic shocks are sustained. Inversely, the outlook for the MENA region, specifically the GCC remains strong as diversification plans continue at a rapid pace and oil prices remain robust.
While the recovery for the region remains positive, considerable caution is required. Stalling growth rates, market shocks from conflict, high and continued inflation, tightening of financial conditions, rising debt levels, potential for new coronavirus outbreaks/variants, all have the potential to stifle projections.
This edition of AECOM’s Middle East Property & Construction Handbook assesses trends and new opportunities that have presented themselves during another year of recovery. The handbook also reviews the impacts and threats experienced over the last 12 months on local, regional and international markets.