Middle East Projects Fight Against Inflation, Supply Chain Constriction and Schedule Creep
Middle East Projects Fight Against Inflation, Supply Chain Constriction and Schedule Creep
Rapid inflation in the Middle East is causing the delay of large construction projects in the region. The rush to create new infrastructure, fueled by windfall profits from the rising global oil price, is also driving up the price of basic construction materials such as steel and cement, adding increased cost to existing projects and causing delays in their completion, as well as the start of new projects.
Companies featured: Rio Tinto's (NYSE:RTP), Dow Chemical (NYSE:DOW)
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