Tuesday 21 October 2014
 
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Construction boom

UAE’s FM market to top $5 billion next year

The boom in construction projects in the UAE could drive the facilities management (FM) services market to approximately Dh20 billion ($5.4 billion) per annum by next year, said an industry expert. Nigel Hall, the newly appointed

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ME firms ‘eyeing Qatar construction boom’

Companies in the Middle East region’s construction segment are looking towards playing a major role in Qatar’s current construction boom, said the organisers of a major construction show for Qatar and the GCC. Organised by the IFP Group, t

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Construction boom 'heats up district cooling market'

District cooling is fast emerging as the most viable cooling solution in the Middle East, where temperature frequently exceeds 45 degree Celsius and AC requirements consume 70 per cent of the power during peak demand, according to a study.

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US firms eye ME building boom to flee recession

American manufacturers of plant, machinery and construction vehicles are looking to the building boom in the Middle East to hedge their stocks against the continuing recession in the United States. Indicative of the troubles in the US con

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UAE steel prices surge 15pc

Steel prices in the UAE have risen about 15 per cent so far this month as a construction boom in the GCC oil exporter has drained the building materials market, traders said. A tonne of reinforcing steel bar (rebar), used in construction,

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Construction boom spurs insurance industry

With the construction industry across the region booming so is the associated insurance industry that underwrites risk for the construction and engineering for projects. And Bahrain is positioning itself as the leading centre for this typ

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GCC construction boom 'hits basic resources'

The enormous growth in the construction industry across the GCC has put a tremendous strain on basic resources, mainly building materials, equipment and labour. According to Meed, the business intelligence group, the total value of curren

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GCC landscaping business to hit $16.3bn

Spurred by the boom in the regional construction industry, landscaping projects in the GCC region comprising commercial and residential landscaping design and maintenance are set to double in volume to exceed Dh60 billion ($16.3 billion) by 2010.

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Gulf construction boom 'tops $2.4 trillion'

The construction boom in the Gulf region has reached new heights, with 2,837 projects estimated to be worth in excess of $2.4 trillion now underway, the majority of development being carried out in Saudi Arabia and the UAE. The phenomenal

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