The construction industry in the GCC has grown rapidly over the past decade driven by such factors as high oil prices and a growing population. Construction companies expanded quickly...
Engineered products and services
The following articles were written by Strategy& partners and other senior professionals on key topics in the engineered products and services sector.
The global aviation and aerospace industries are experiencing rapid growth. However, to take full advantage of growth opportunities in the future, the industry needs to take a more cooperative approach than in the past. Airlines, aerospace original equipment manufacturers and suppliers, all need to work together along the entire value chain and across geographies.
Offsets have evolved over the past decade into more sophisticated commercial partnership agreements that produce clear, long-term economic benefits for buyers and sellers. Before any offset agreement is struck, however, governments must first develop a national industrial strategy and policy that sets national goals and establishes a coherent approach to pursuing them.
Real estate developers can position themselves for the market’s upswing by choosing where they want to be on the value chain, being firmly rooted in their target market, formulating robust risk and investment guidelines, and developing their capabilities to ensure value creation and success through differentiation.
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GCC policymakers should address the region’s housing shortage with a strategy that brings together housing and socioeconomic policies in a holistic approach that builds communities instead of just housing. Governments should also engage private-sector developers through public–private partnerships, which can allocate resources more effectively and transfer knowledge from private developers to government agencies.
The global civil aviation sector has grown rapidly in emerging markets over the past decade, but the regulatory framework in such markets has not kept pace with this growth. Effective regulation is necessary if these regions are to effectively manage the expansion in passengers, cargo, and revenue and ensure safe and secure skies.