In the Middle East and Africa construction & real estate industry, there were 12 M&A deals announced in Q4 2023, worth a total value of $357.8m, according to GlobalData’s Deals Database. The $120m acquisition of Hima Cement by Sarrai Group was the industry’s largest disclosed deal. GlobalData’s Construction Industry Mergers and Acquisitions Deals report for 2023 uncovers key trends behind the Construction Industry M&A deals and helps gain a comprehensive understanding of the disruptive themes driving most notable to deals. Buy the report here.

In value terms, M&A activity in Middle East and Africa increased by 130% in Q4 2023 compared with the previous quarter’s total of $155.7m and rose by 603% as compared to Q4 2022. Related deal volume decreased by 14% in Q4 2023 versus the previous quarter and was 20% lower than in Q4 2022.

The top-ranked financial advisors supporting these M&A deals in Middle East and Africa in Q4 2023 were Java Capital (Proprietary); Alvarez & Marsal Holdings; Barclays with 2, 1, 1 deals respectively.

The top-ranked legal advisors supporting these M&A deals in Middle East and Africa Q4 2023 were Baker & McKenzie; Amit, Pollak, Matalon & Co.; Asafo & Co Morocco with 2, 1, 1 deals respectively.

For further understanding of GlobalData's Construction Industry Mergers and Acquisitions Deals by Top Themes in 2023 – Thematic Intelligence, buy the report here.

This content was updated on 8 January 2024

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GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.

GlobalData’s Deals Database tracks global deal activity, including mergers, acquisitions, capital raising, strategic alliances, and licensing agreements. Proprietary analysis is used to group deals into key thematic areas and granular sectors across the world’s largest industries.

This analysis considers only announced and completed deals from the GlobalData financial deals database and excludes all terminated and rumoured deals. Deal type includes Acquisition, Asset transactions and Mergers.