According to UK-based international law firm, White & Case, 2017 is already shaping up to be a foundational year for Middle Eastern construction. This is largely because of oil price stabilisation as well as significant restructuring in the region.
Last year, the Middle East construction sector revolved around the repercussions of the downward pressures on oil prices. Downsizing and disputes were some of the issues that led to a tough market in the region in 2016, with many non-critical projects being modified, terminated or put on hold.
Major events such as the 2022 FIFA World Cup in Doha as well as the Dubai Expo 2020 lead experts to believe that the appetite for critical projects will continue apace. It is also expected that opportunities for contractors and private investors in infrastructure will continue to rise, which can open doors for South Africans looking for new projects in the Middle East.
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