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09 Feb
12:44

Oil and gas prices to support GCC construction

Gulf Cooperation Council construction sector performance recovered in 2021, back to 2018-19 levels, driven mainly by contracts for gas – Qatar LNG programme – oil pipelines, construction and power projects, combining at $78.6 billion. The was from a total of GCC construction contract awards of $104.1 billion, according to MEED. Awarded contracts during the fourth quarter of 2021 alone were at $35.5 billion, the third highest quarter since 2011. The ou…
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