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GCC contracts to stay resilient despite oil slumpThe level of contract awards in the GCC projects market will fall slightly to $167 billion in 2016 compared to $197 billion in 2015, but the impact of oil price volatility will be limited, a new report said. This is a clear drop, More… |
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GCC project contract values set to plunge 15pc in 2016The value of contracts awarded in the GCC is set to drop sharply by 15 per cent in 2016 as low oil prices hit government spending plans, according to the latest forecast by Meed Projects, the region’s leading project tracking service. More… |
