WINTER 2012 NEWS
Updated: May 5, 2022
Letter from the Top - Rami Fawaz
Welcome to the Winter edition of the Energy International Quarterly newsletter, our first for 2012. The New Year always brings anticipation. Pin-pointing a specific spot on the calendar lets us take a retrospective look back at where we’ve been and take a refreshing look ahead.
It’s been a pretty remarkable year for the company, considering it’s been a down market for most of the rest of the world. Fortunately for EIC, the construction market in the Middle East has been growing steadily over the past couple of years driven by Saudi Arabia and Qatar. The Saudi government is on a building spree adding housing, medical facilities and other types of infrastructure to keep pace with a growing population, not to mention building the world’s largest high-speed rail system. Qatar is in the beginning stages of construction of stadiums, housing and other facilities as it prepares to host the 2022 World Cup.
Several major projects such as the King Abdulaziz Center for World Culture in Saudi Arabia and the Galleria Mall in Jordan will carry over from 2011 into the new year. In this issue, we scan the regional news reports to bring you a brief overview of what the experts predict for the GCC construction sector in the coming year. As always, this edition includes news stories, project coverage, and people profiles.