[alephnerd]

Yes. And they're the same companies that were contracted and subcontracted infrastructure across the Khaleej and ASEAN.

Larsen & Toubro, Wabag, SP Group, EIL, Afcons, and others tend to have a chokehold on implementing and executing these kinds of projects in MENA because they co-finance projects with Gulf capital players who tend to have capital stakes in these Indian players as well.