Published On: Wed, Sep 2nd, 2015

$193bn growth in construction contracts by year end

The construction sector is predicted to grow to more than $193bn in construction contracts by end of 2015. While the global construction equipment market is said to hit $240bn by 2020. Nathan Waugh, portfolio director at dmg events, predicts that there would be massive investment in transforming infrastructure projects across the GCC.

Regional projects like the Etihad Railway and Gulf Railway networks top the bill. Contracts for the 628 kilometre Etihad Rail Stage 2 are due to be awarded in 2015 and 2016, and are part of the $11bn Etihad rail project.

These investments are reflected across all sectors of construction. In response to the booming regional market, big names in the construction machinery sector will be at PMV Live this year where MAN Truck and Bus has chosen the event to celebrate its 100 year anniversary.

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