Some GCC water treatment projects 'could be shelved'

The market for water and wastewater treatment equipment in GCC has slowed during the global financial crisis with some projects likely to be postponed, a new report has said.

While Gulf nations experienced rapid growth during 2008 driven by huge investments in infrastructure, real estate, petrochemicals, oil and gas and other sectors, the impact of the crisis has "changed the business climate and there was a considerable decline in demand for most commodities", according to Frost & Sullivan.