GCC: A Hub for Global Megaprojects, Hosting Half of the World's Endeavors
The Arab Gulf Region, especially Saudi Arabia and Kuwait, leads the global surge in larger megaprojects, hosting 50% of such ventures worldwide. Notable projects like NEOM City, Silk City, King Abdullah Economic City, and Dubailand are driving substantial infrastructure investments, with budgets exceeding $100 billion.
Predictions suggest the world may witness its first construction megaproject surpassing $1 trillion by the decade's end. Key projects include The Line, a 170 km fully enclosed city, and Silk City, set to house the world's tallest building, Burj Mubarak, showcasing the region's prominence in transformative developments.
