- The key vendors in the Airport Construction Market in GCC Countries 2015-2019 are ALEC Ltd., BESIX Group, Murray and Roberts Holdings Ltd., Saudi Binladin Group and TAV Construction.
London, 10 December 2014: TechNavio, an independent tech-focused global research firm, has announced the publication of its market research report on the Airport Construction Market in GCC Countries 2015-2019. The Brownfield Airport projects act as catalysts for the growth of the industry. With increasing congestion in the region, demand for expanding airport networks has risen. The number of passengers traveling to and from the GCC countries has been increasing for several years. GCC governments have therefore shifted focus to the development of infrastructure projects, mainly transportation, to accommodate growing demand. The Airport Construction market in the GCC countries is expected to grow at a CAGR of 7.86 percent during 2014-2019.
“With a number of significant events of international importance such as the Dubai Expo 2020 and the FIFA World Cup 2022 coming up in the GCC countries, there is an immediate need to accommodate a large number of international tourists, and this has led to the rise in the construction of airport cites,” says Faisal Ghaus, Vice President of TechNavio Research.
“Airport cities are planned around major airports and are a hub of economic activities. They attract huge investment in a wide range of businesses.”
To define the market conditions in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
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