The construction outlook in the GCC is increasingly uncertain as governments review their capital spending plans against the backdrop of lower oil prices, said the organisers of an upcoming summit in Dubai, UAE.
The implications o
The value of contracts placed in the GCC will rise to $172 billion in 2015 despite lower oil prices, marking a value higher than in 2014 and a new record for the region, said an industry expert.
This is good news for the market wh
Currently some $2.7 trillion worth of projects are planned or under way in the GCC, laying the foundations for the long-term, sustainable development of the region that will support the ambitions of the Gulf’s future generations, said lead
Every country in the Mena region has announced rail or metro plans and in total there are more than $200 billion worth of rail and metro projects either planned or under way in the Middle East, said a specialist transport consultant.
Gulf Capital SME Awards, which recognises the UAE’s SMEs for innovation and growth, has revealed finalists of its 2014 edition, with businesses in the service and technology sectors emerging as the strongest contenders for the awards in va
A major conference aimed at providing a roadmap on how Dubai will meet the requirements of the 2030 energy strategy will be held in Dubai in September.
Dubai Clean Energy Forum, organised by Meed in partnership with Ministry of Energy,
The UAE led the GCC with four major wins at the 'MEED Quality Awards for Projects 2014' followed by Bahrain and Saudi Arabia with three regional winners apiece.
Oman and Qatar had one award-winning project each, stated MEE
The total value of project awards for Sharjah this year could reach $3 billion, which is 25 per cent higher than 2013 and would represent Sharjah’s best ever year, said Meed Projects.
Over the two years to the end of 2013 a
The value of new contract awards in the GCC region is likely to rise by 20 per cent to $178 billion in 2014 compared to $147 billion contracts awarded last year, said an industry expert.
This is a new record for the region’s