Middle East Property and Construction Handbook 2023
2023
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.
Articles
We have carefully selected articles written by AECOM specialists, that focus on prevailing themes within the construction and property market. These articles aim to provoke thoughts in relation to the growing opportunities within the Middle East on subjects such as repurposing underutilized buildings for food security challenges and inner-city agriculture. We also take a look at the construction industry’s role in reducing global carbon emissions by addressing embodied carbon in construction, and examine the opportunities and challenges faced by public and private sector finances in regard to climate change action and disclosures in financial decision-making.
We're delivering a better world
We delve into the recent chapter of AECOM’s sustainable and digital transformation journey by showcasing how our focus on innovative and transformative solutions are being employed to improve outcomes for our clients and communities.
As with previous years, we include as a point of reference a synopsis of typical regional procurement routes, forms of contract and building regulation compliance across the Middle East. The reference data section provides averaged international and regional cost data within the built environment. This data acts as an indicative high-level guide and comparison of building asset costs and should be used circumspectly.
Like the nature of any project, its interpretation is dependent upon several project specific factors and assumptions. For specific current and benchmarked cost data, please reach out to AECOM’s Program Cost Consulting team to assist you in obtaining relevant and specific costs for projects.
Please download the full report to access the reference data.
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