Gulf region's construction market to hit record high in 2016

Demonstrating the demand for advanced project modeling software, the Gulf Cooperation Council (GCC) construction market will hit a record of USD 144 billion in 2016, driven by mega-projects like World Expo 2020 in Dubai and FIFA World Cup 2022 in Qatar.
According to the EC Harris report - Middle East Major Construction Programmes - mega-projects in the GCC will reach USD 1 trillion by 2030.
The UAE has USD 90 billion in capital development projects, according to EC Harris, while Qatar is the fastest-growing construction and infrastructure market in the GCC, set to spend USD 24 billion on infrastructure in 2015, according to BMI Research.

"The GCC being one of the world's fastest-growing construction markets demonstrates the potential for how technology will enable the region's architects, engineers, and field managers to drive innovation, collaborate, and meet strict code compliance across the design, build, and operation of the country's projects," said Paul Wallett, area business director, Tekla Middle East.
Tekla Structural Designer enables engineers to analyse and design multi-material buildings.
Middle East projects that have used Tekla Building Information Modeling (BIM) technology to deliver precise and complex planning and fabrication include the Abu Dhabi Airport and the King Abdullah Financial District and King Abdulaziz Center for World Culture in Saudi Arabia.

GCC member states are Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates.