The construction sector in the MENA region represents ~US$200B in annual economic value, driven by a steady demand for projects and infrastructure
• The IMF forecasts that the MENA region will achieve average annual GDP growth of 3.7% from 2022 2026, compared to less than 2.5% in the European Union
• Rising population and income levels will create conditions for the growth of the construction sector
• Mega projects in the GCC countries , such as Neom in Saudi Arabia and the World Cup stadiums in Qatar, comprise a notable share of the construction sector, as will steady demand for residential units from young families
• The government sector in the MENA region also plays an outsized role in infrastructure and construction, creating further opportunities for growth