Abstract
With the completion of the major infrastructural projects, new construction activities in the GCC region recorded a sizeable decline in the last few years. After reaching a peak of $37.5 billion in 1982, the value of contracts awarded in the six Gulf countries dropped to an estimated $15.8 billion in 1985 and looks set to continue downwards.
This is a preview of subscription content, log in via an institution to check access.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Preview
Unable to display preview. Download preview PDF.
Copyright information
© 1988 Henry T. Azzam
About this chapter
Cite this chapter
Azzam, H.T. (1988). The Declining Construction Sector. In: The Gulf Economies in Transition. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-08970-3_7
Download citation
DOI: https://doi.org/10.1007/978-1-349-08970-3_7
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-08972-7
Online ISBN: 978-1-349-08970-3
eBook Packages: Palgrave Economics & Finance CollectionEconomics and Finance (R0)