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MEED quoted Sa'id al-Shaikh, chief economist at National Commercial Bank, as saying: "There is more of a realisation that each region is capable of having its own niche and being successful without that being to the detriment of others areas".
Saudi Aramco, the MEED survey's leader, benefits not only from the world's largest oil reserves, but also from being set up as a commercial entity at an early stage, under the control of IOCs.
Qatar Foundation received the MEED Editor's Award, an honour given each year to a person or organisation that stands out not only for specific achievements, but also for what it represents in terms of leadership and vision, in being a role model for the region.
Meed Projects further revealed that the UAE's biggest single contract, worth $653 million for the Louvre Abu Dhabi, was the 14th-biggest award in the construction and transport sectors in the GCC.
Economic activity in Abu Dhabi will continue its upward momentum in 2013 as the UAE capital sees Dh180 billion worth of new projects to be awarded next year, in addition to Dh36 billion project spending spree in Al Ain as part of its 2030 vision," reported MEED.
The region's highest quality projects are honored by the MEED Quality Awards for Projects 2012, in association with Ernst & Young.
The Lube Base Oil Plant is one of the largest of its type in the world, and we are honoured to have played a role in the development of Bahrain as the engineering, procurement and construction contractor for this project," said Kyung-tae Kim, vice-president, Samsung Engineering, which submitted the project to this year's edition of the MEED Quality Awards for Projects.
Works Ministry Under-secretary Nayef Omar Al Kalali said that the winners were nominated and recommended by members of the MEED Quality Awards Projects judging panel, containing independent professional judges representing each GCC state.
economy are finally moving in the right direction, MEED magazine reported on
MHC) to act as financial adviser and lead manager for the IPO of MEED Trading Co.
Against this turbulent backdrop, MEED, the business intelligence expert in the Middle East, looks forward to robust debate at the Middle East Capital Markets 2008 conference.
Good sales and marketing is the highest spending priority for small and medium companies (SMEs) in the UAE, according to a business survey carried out by business intelligence provider Meed.