75 percent expect an increase in spending in the coming 12 months. This is largely driven by mega events, including Dubai Expo 2020 and Qatar World Cup 2022, as well as increased spending on social infrastructure including housing, education and healthcare.
There has been a significant reduction in the number of projects being scaled back or cancelled due to funding constraints, down 14% from our last survey 18 months ago, with respondents expecting this trend to continue into the next year.
UAE, Qatar and Saudi Arabia are the top three countries for infrastructure investment.
Client decision making
Is cited as the most significant concern, with 55 percent of respondents saying it is the biggest challenge they face in relation to projects.
Private finance is expected to play a greater role in funding projects, with 83 percent of respondents stressing the importance of the private sector in financing projects. 41 percent think that PPPs increase the likelihood of delivering capital projects on time, however, nearly 25 percent also complained that PPPs complicate the delivery of capital projects.
People - not enough to go round
Skills shortage and increased competition is creating a big problem. In short, it’s becoming more and more difficult to attract and retain enough of the right people with the skills and experience at all levels required to deliver large, complex projects.