Transportation and other markets in the emirate countries of the Middle East continue to offer lucrative opportunities for U.S. engineering firms. Qatar leaders on April 6 signed contracts with these firms worth billions of dollars during a Manhattan conference that drew top government and business officials. Related Links: Qatar Forum: Billion dollar deals Parsons Transportation Group will provide design work for two new highways that together are projected to cost more than $1 billion, and is teamed with AECOM on construction management for a $3.5-billion, 30-km light rail network. Jeffrey Squires, Parsons executive vice president, says Qatar's 2022 hosting of
The market is generally healthy and steadily growing, and margins are up for large specialty contractors. Further, advances in design tools and owner demand for collaboration are giving subcontractors a seat at the table early on in projects.