The pace of construction activity in the GCC slowed down in August, after showing early signs of recovery in July leading to fewer new project announcements. There was a 73% month-on-month drop in new project announcements worth $3.1 billion in August, while there was 28% MoM drop in contract awards worth $3 billion, according to BNC intelligence. However, in the region, the UAE led new announcements and contract awards among ...