GCC project awards plunged during 2022, reaching second lowest since 2005: report

GCC project awards plunged during 2022, reaching second lowest since 2005: report

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RIYADH: Faced with mounting global economic challenges, Gulf Cooperation Council region project awards plunged during 2022, with the total value of contracts handed out dropping 18.7 percent to $93.6 billion from $115.2 billion the previous year, according to Kamco Invest. This was the lowest…

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