The consultancy is currently involved in GCC construction projects worth US$ 390bn
Governments and private sector companies in the Middle East are set for a fierce battle over the construction industry supply market for the next decade.
Efficio, a global leader in capital planning, procurement, delivery, and supply chain management with a dedicated Capital Projects & Infrastructure practice, is advising and setting policy for a range of regional organisations to improve bankability for their capital portfolios while ensuring efficient delivery with the best value and quality from suppliers.
The consultancy is currently involved in GCC construction projects worth US$ 390bn, a figure set to increase towards the end of the year as existing projects gather pace and new ones are launched.
According to David Mooney, Vice President and MENA lead at Efficio, who oversees the high-quality delivery of Efficio’s services and strategic growth in the Middle East, the construction industry has made a very strong start in 2024 and, as we enter the second half of the year, the demand for services and supplies is increasing at a very significant rate.
Infrastructure development
“This is driven by ongoing projects and the launch of major new developments covering both residential and commercial premises, in addition to the infrastructure development required to cater to this growth,” he stated.
This strong market demand means Efficio’s current portfolio includes strategic delivery advisory for multiple giga projects in KSA, valued at over SAR 2tn, with direct involvement in the delivery of over SAR 400bn of spend. Efficio is consulting on billions of Riyals’ worth of capital investments in other sectors across the kingdom, including mining, transport and mixed-use real estate development.
The Efficio team also covers, among other work, TAQA’s business portfolio in the UAE, which includes the development of major power and water sector utilities worth tens of billions of dirhams over the next 10-year period.
“In the UAE, Efficio has been TAQA T&D’s partners in planning and delivering its multi-billion-dirham capital portfolio for power and water since Q3-2020. We are working with TAQA to establish the governance and structure required for effective capital planning and procurement while supporting its delivery, and helping to build the required capabilities and capacity,” added Mooney.
