Contracts worth $14bn awarded in GCC
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Contracts worth $14bn awarded in GCC

Contracts worth $14bn awarded in GCC

Project tracker firm Ventures Middle East has said that contracts worth an approximate $14bn had been awarded in the GCC from April to-date for the construction of buildings, energy and infrastructure projects, Emirates Business has reported. 'Of this figure, around $8.7bn worth of contracts alone were awarded in the UAE,' Mibu John, Syndicated Research Director at the firm, told the daily. 'This was a 32% rise against the $10.6bn awarded in 2009 during the same period in the GCC and $5.6bn in the UAE, across the three sectors.'

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