HSBC: GCC Capital Projects Robust
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AI-PoweredHSBC forecasts robust activity in the GCC project market, driven by real estate, but notes that the cycle may be maturing.
Market impact analysis based on bullish sentiment with 75% confidence.
Article Context
HSBC sees robust activity remaining in the GCC project market, led by real estate. Simon Williams, Chief Economist for Central and Eastern Europe, Middle East and Africa at HSBC, told Bloomberg’s Horizons Middle East and Africa anchor Joumanna Bercetche that he sees signs the cycle is starting to mature. (Source: Bloomberg)
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