BROADCAST 1: Competitive Landscape for contractors

There are a number of Chinese companies that came in the first boom and they weathered the recession and they’re still active, says Wail Farsakh, general manager at Dutco Balfour Beatty. They have pushed prices down. There are Turkish companies that have come into the region in a big way. To the world, there is still a fair bit of supply in the region for contracting companies. Source: Mashreq Live Broadcast