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29 Mar
11:37

Weak tendering, slow projects weigh on MENA construction

Weak award tendering, slow projects’ execution and challenges in receivable collection will continue to weigh on the first-quarter performance of the Middle East and North Africa construction industry, according to EFG Hermes. MENA construction firms’ Q1 revenue is seen falling “… given the slump in new awards witnessed in 2015 and on slower projects’ execution, particularly in Saudi Arabia,” the investment bank says. “…
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