Research and Markets (http://www.researchandmarkets.com/research/dcs5sj/construction) has announced the addition of the "Construction Spending Market in the GCC Countries Market 2015-2019" report to their offering.

The research report estimates the market for construction spending in GCC to post a strong CAGR of nearly 8% by 2019. Growing investment in transport infrastructure, development of economic cities, and the rising demand for affordable houses are examples of some critical factors that foster growth in this market during the forecast period.

The use of advanced construction techniques and practices have been witnessed in the industry. Implementation of BIM and prefabricated building construction are two emerging trends in the GCC construction industry.

According to the report, the increase in tourist arrivals in GCC, is simultaneously increasing the demand for commercial buildings specifically in the retail and hospitality sectors. More than 20 new hotels are expected to open in GCC by the end of 2015 and more than 100 retail projects are presently underway. This is expected to boost the growth of the GCC real estate sector.

Further, the report states that as the scale of the projects have increased so have the complexities associated with each of the projects. Attracting the right talent pool might be a great challenge, because the increased number of construction projects will lead to an increased large-scale demand for skilled labor.

Companies Include:

  • Al Jaber Engineering
  • Arabian Bemco
  • Arabtec construction
  • HBK Group
  • Mushrif Trading and Contracting Company
  • Saudi Bin Ladin Group
  • Ashghal
  • Bechtel
  • Consolidated Contractors
  • El Seif Engineering Contracting
  • Ramaco Trading and Contracting

Key Topics Covered:

PART 01: Executive summary

PART 02: Scope of the report

PART 03: Market research methodology

PART 04: Introduction

PART 05: Market landscape

PART 06: GCC segmentation

PART 07: Key leading countries in GCC

PART 08: Impact of drivers

PART 09: Impact of drivers and challenges

PART 10: Vendor landscape

PART 11: Key vendor analysis

For more information visit http://www.researchandmarkets.com/research/dcs5sj/construction