Middle East Economic Survey

VOL. XLVIII

No 17

25-April-2005

MEES Agenda

EPC Overload Has Potential To Slow Gulf Energy Projects

With a large number of projects slated for development in the Gulf concerns have been raised about financial and engineering capacity. First to surface were fears that bank capacity would be insufficient to meet the growing demand; and now the attention has turned to another link in the project development chain: engineering, procurement and construction (EPC) services....