The Declining Construction Sector

Henry T. Azzam

Chapter 7 in The Gulf Economies in Transition, 1988, pp 106-120 from Palgrave Macmillan

Abstract: 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.

Keywords: Cash Flow; Saudi Arabia; Foreign Firm; Construction Activity; Construction Sector (search for similar items in EconPapers)
Date: 1988
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DOI: 10.1007/978-1-349-08970-3_7

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