GCC region's strong economic prospects and consistent and stable efforts towards infrastructure development augur well for the sector. Saudi Arabia and UAE continue to be major markets for infrastructure projects followed by Kuwait and Qatar. Vulnerable raw material supply chains, fluctuations in prices of raw materials, labour costs, dependence of governments' capital spending on oil prices, project delays and its impact on payments are some challenges that players have to circumvent even as they benefit from sustained activity in the sector.
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