High levels of spending on infrastructure have been a key factor in driving the industry’s growth, with the government aiming to diversify the economy and make it less reliant on the oil and gas sector.
The industry is expected to be supported by government investments in infrastructure and housing over the forecast period (2016–2020), as well as spending on infrastructure, stadia and commercial buildings for the 2022 Fifa World Cup.
The industry’s output value in real terms is expected to register a CAGR of 9.66% over the forecast period.
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