Gulf Projects Endure Saudi-UAE Conflict
Projections indicate that the second half of 2026 will witness the award of numerous infrastructure projects in the Gulf countries, led by Saudi Arabia and the United Arab Emirates, despite rising shipping and insurance costs. Among the potential projects are the seventh line of Riyadh Metro, valued at approximately $15 billion, as well as the expansion of Dubai International Airport at a cost of $10 billion and a petrochemical zone in Abu Dhabi with a similar budget. Although contract values declined in the second quarter, the total annual contract value remains high, up 32% compared to the previous year. Data confirms that development plans are ongoing despite the challenges, with efforts to diversify the economy and reduce dependence on the Strait of Hormuz.
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