Gulf-focused energy engineering firms have welcomed Sunday's US-Iran memorandum of understanding, but few expect an immediate return to business as usual. Contractors remain wary of procurement, cost and execution challenges that could take months to unwind.
US-Iran Deal Lifts Mood for Gulf Contractors
While Gulf NOCs pressed on with project awards throughout the US-Iran conflict, construction slowed. Will the nascent peace deal see a rapid rebound in activity?












