Gulf Project Contracts Reached $139B
Capital spending in the Gulf countries regained momentum in the first half of 2026, with the value of legitimate project contracts increasing by 23% year-on-year to approximately $139 billion, according to a report by Standard Chartered Bank. The data showed a shift in Gulf investment plans from delays to increased investments and the implementation of actual projects, despite the ongoing geopolitical uncertainty. Saudi Arabia led the recovery, while the UAE, Kuwait, and Oman recorded notable rises in contract values, supported by awarded projects in infrastructure, technology, and logistics sectors, along with sovereign wealth funds boosting investments to their highest levels since 2021.
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