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CAPEX Q3 2019

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Strong project awards seen in Q3 2019 brings 2019’s GCC energy spends to a total of c.USD 44.3bn – a c.28% rise from the total energy spends seen in 2018. With some key mega projects in advanced stages, decent project activity is expected to continue in the remainder of this year

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CAPEX Q2 2019

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H1 2019 has so far witnessed decent project awards and steady progression in key upcoming projects. With multiple mega projects present in the pipeline, the remainder of the year will likely continue to see healthy project activity

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CAPEX Q1 2019

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2019 project activity has commenced with a strong start with Q1 2019 witnessing c.USD 11.7bn worth of spends. With a filled pipeline of mega-projects, the remainder of the year is expected to see strong awards as well

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CAPEX Q4 2018

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Even with an increase in crude oil prices, 2018 was a troubled year for the Middle East projects market with project spends of only USD 32.5bn. With major strategic plans being finalized by NOC’s in the region, 2019 is expected to witness significantly higher project spends

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CAPEX Q3 2018

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Although several key projects have reached the final stages of award, at an overall level, Q3 2018 was another quarter of low spends as many projects are still awaiting final negotiations or official announcements. Given the expectation of continued stability in the energy market, next quarter is anticipated to witness healthier project spends in the GCC as many of the delayed projects of Q3 are expected to get awarded by year end

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Bahrain

Office 241, 19th Floor

Platinum Tower- Seef

 P.O. Box 31005, Manama

Bahrain

Tel: +973 (1) 7224456

Fax: +973 (1) 7212204

Email: enquiry@contaxpartners.com