Middle East
Saudi Arabia· RiyadhGCC Project Awards Rise in Gas and Chemicals Sectors
Project awards in the Gulf Cooperation Council reached $204.1 billion in the first nine months of 2026, driven by a surge in gas and chemical contracts despite regional conflict.
Background
The Gulf Cooperation Council (GCC) states are major global energy producers. These nations are actively diversifying their economies and expanding their downstream industries, including chemicals, to reduce reliance on crude oil exports. This economic strategy is pursued amidst ongoing regional geopolitical complexities.
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GCC Project Awards Rise in Gas and Chemicals Sectors
First report 6h agoLast update 6h ago1 takes 1
economic growth in key sectorsneutralShow 1 post
started 6h ago•Last update 6h ago
The GCC region is experiencing significant economic growth in its gas and chemical sectors, with project awards increasing despite ongoing regional conflicts.
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