The gcc 3rd edition 2015 are to be used with the contract documentation format as prescribed by the construction industry development board in the standard for uniformity in construction procurement and in conjunction with sans 1921 to set out the requirements and constraints relating to the manner in which the contract work is to be performed. Gcc retail sector report ardent advisory 7 disposable income, and a sophisticated customer base are key demand drivers. Sep 17, 2015 the south african institution of civil engineering saice, with its strong tradition of developing, publishing and maintaining conditions of contract, will be releasing the third edition of the general conditions of contract for construction works the gcc 2015 to replace the gcc 2010 on friday, 18 september 2015. Gcc construction outlook 2019 assesses the prospects for construction in the coming two years and analyses the opportunities and challenges for contractors, consultants and suppliers across the regions six markets. Uae construction market size, value, forecast 20192024. Residential, commercial and mixeduse airports and sports facilities hotels and recreational facilities healthcare, educational facilities and industrial projects the gcc governments are currently undertaking. We hope that you will find our assessment of the trends shaping the global and regional construction industry of interest and this years selection of articles and cost data of value. According to a middle east market intelligence report, titled outlook for gcc construction. Gcc building construction and interiors spotlight on retail. A basic guide to the general conditions of contract for. Gcc construction industry june 23, 2015 the construction industry in bahrain is expected to substantially grow in the near future with a lot of ministry and housing projects in progress. Market participants are eager to see positive change in the.
The report covers the competitive landscape and current position of major players in the gcc construction chemicals market space. Alpen capitals gcc construction industry report provides a perspective on the overall gcc construction industry, its market structure, and the key subsegments of the construction market i. Deloitte gcc powers of construction 2014 construction sector. Deloitte gcc powers of construction 2015 construction the. The south african institution of civil engineering saice, with its strong tradition of developing, publishing and maintaining conditions of contract, will be releasing the third edition of the general conditions of contract for construction works the gcc 2015 to replace the gcc 2010 on friday, 18 september 2015. Construction activity in dubai is estimated to remain robust in the next two years with developments related to expo 2020 being one of the main factors driving the sector growth. Gcc industry report 6 aluminum in the gcc while most of the gcc countries are currently planning major aluminum projects, only the united arab emirates and bahrain are presently producing primary aluminum. Timetric construction intelligence center, cia factbook 2017. Cscec started with a market study in both infrastructure. The gcc in 2020 outlook for the gulf and the global economy a report from the economist intelligence unit sponsored by the qatar financial centre authority. The world bank has been a strong partner to the gulf cooperation council gcc countries for over 40 years. Im proud to present the 2015 annual report of the citizens bond oversight committee.
Construction sector is set to contribute to uaes gdp in 2015. Qatar stood third among the gulf cooperation council gcc countries in reporting improved sentiments in the construction industry, according to pinsent masons, a global law firm. Outlook for the gulf and the global economy is a white paper written by the economist intelligence unit and sponsored by the qatar financial centre qfc authority. Gcc planned and underway projects in various sectors, by value, 2015 usd million qatar usd million chemical 1,484 construction 9,843 gas 12,889 industrial 970 oil 16,559 power 8,785 transport 103,083 water 16,098 middle east construction sector overview uae usd million chemical 24,809 construction 539,793 gas 21,083 industrial 8,996 oil 50,899 power 35,055. Deloitte gcc powers of construction 2015 construction. Gain access to premium construction reports that not only give you project information and statistics but also provide in depth analysis from ventures onsites team of experts to help you plan your business strategy. Employees and partners cover a large range of operations and are present at all stages of construction. The saice guide to the gcc 2015, is now available on or bookshelves. The gcc building construction market in this report is classified into the following subsectors. In 2016, the gcc construction market will be one of the key indicators of economic. Pdf an effective and efficient construction industry is of high importance to the. Gcc powers of construction deloitte middle east real.
During 20112014, the construction sector in the major middle eastern economies accounted for around 5% of their national gdps, with the exception of kuwait, where construction sector accounts for about 2% of the countrysgdp. An external factor which should be taken into account is the general retail market slowdown in the gcc and the uae, as fewer tourists from the eurozone and. Share of gccs project market planned or underway as at 8 april. Gcc construction chemicals market report 20172025, has been prepared based on an indepth market analysis from farm market experts. Gcc construction chemicals industry forecast 20172025.
It was sponsored by the qatar financial centre qfc authority in the interest of promoting. The diplomatic situation between qatar and its gcc counterparts, which remains. The gcc is witnessing an ongoing rise in population. It is a powerful resource for anyone seeking to do business in the gcc construction and infrastructure sector. The gcc construction report is the study of the construction sector in the region, which is segmented into commercial, industrial, infrastructure, institutional and residential construction etc. The uae construction market is expected to register a cagr of 5. Gcc construction projects, market, news, companies etc. Building on the november 2017 report responsible recruitment.
Driven by growing demand, healthcare is a key focus area for all gcc countries. The general conditions of contract for construction works, which is commonly referred to as gcc 2004, contains 58 clauses that establish the general risks, liabilities and obligations of the contracting parties and the administrative procedures for the administration of the contract i. Its success lies in the strength of commitment and professionalism of the groups men and women. Remediating workerpaid recruitment fees, this research focuses on practical steps. Make sure you choose the right local agent and partner, because.
I am thrilled to share with you the january 2016 edition of the gcc building, construction and interiors market report bought to you by workspace at index. Within mena, the construction sector in iran witnessed the fastest growth of more than 33% during 20082015. This is a proud moment for the south african institution of civil engineering saice, with its strong tradition of developing, publishing and maintaining conditions of contract, has now released the new guide to the general conditions of contract for construction works gcc 2015. Pdf an effective and efficient construction industry is of high importance to the economy of all countries. General conditions of contract for construction works 3rd. Saice general conditions of contract for construction works. The gcc 2015 guide is intended for all the fellow workers in the construction industry who occasionally need some guidance when the unexpected happens and the conditions in the general conditions of contract for construction works, third edition 2015 gcc 2015 need to be applied to determine the rights and liabilities of the parties. The gcc projects market is large and offers many opportunities, but also has a lot of competition. General conditions of contract for construction works, third.
The gcc construction industry foresees growth for the next three years, encouraged by factors such as favourable macroeconomics, positive. Governments in bahrain, kuwait, oman, qatar, saudi arabia and the united arab emirates have mobilized the banks global knowledge and development experience through technical assistance programs over the years. The uk industry performance report related to construction key performance indicators glenigan, 2015. The report is the sixth in its series, produced based on information gathered from surveys, internal data, and supported by interviews conducted with prominent industry leaders from the region. Gcc industry report 6 aluminum in the gcc while most of the gcc countries are currently planning major aluminum projects, only the united arab emirates. As the gcc 2015 is now also suitable for projects other than engineering projects, it was necessary to change the name of the person administering the contract. We would like to show you a description here but the site wont allow us. The gcc in 2020 outlook for the gulf and the global economy. In 2016, we conducted our third middle east construction survey with the aim to assess the state of the regional construction industry, to examine the drivers and barriers currently at play and to reflect on concerns.
A 2015 report by pwc found that more than 95 per cent of projects in the gcc were delayed and 71. This free to download report compiled by ventures, is an amazing insight in to the power of this reg ion, and the opportunities it offers. Gcc for construction works, third edition 2015 now. Gcc food industry april 28, 2015 so far in 2015, the positive consumer and business sentiment that persisted throughout 2014 appears to be continuing, providing support to the food and beverage sector. As a leader in the construction market, group gcc closely accompanies its clients and partners. However, spending on healthcare as a percentage of gdp is lower than that in developed economies.
The saice guide to the gcc 2015, is now available on or. The flow of industry workload slowed in 2015, as the sharp drop in oil prices and heightened geopolitical tensions, stalled government projects and weighed down on private business confidence. Construction and interiors market report bought to you by workspace at index. Guide to the general conditions of contract 2015 second edition. Construction in the gcc reaches a tipping point report dla piper. Qatar 3rd in gcc in reporting improved sentiments in. The information presented is posted as submitted by each reporting public employer. The state controllers office is not responsible for the accuracy of this information. There is a continuous increase in demand in real estate and an increase in focus by the government to expand housing and tourism. Deloitte gcc powers of construction 2015 construction business. In addition to this, it is a common and serious problem in the construction industry that the person. Resources for the future is a research paper written by the economist intelligence unit.