The construction sector contributed 7.89 per cent – or Dh13.4 billion ($3.64 billion) – to Dubai’s gross domestic product (GDP) of Dh170.7 billion ($46.4 billion) in the first half of 2014, according to latest figures.
A rising population, plans to overcome the housing shortage, and efforts to develop the transport network and renewable energy infrastructure will set the Saudi Arabian construction industry on track to record a growth of 10.98 per cent CAGR (co
The construction and building sector in Saudi Arabia is forecasted to reach SR1.12 trillion ($300 billion) in 2016, second only to the oil sector, a report said.
The contribution of the sector to the gross domestic product (GDP) i
Kuwait is estimated to be awarded $16 billion worth of projects by the year-end, marking a 60 per cent increase from 2012, according to the knowledge partner of the upcoming The Big 5 Kuwait exhibition.
The Sustainable Design and
Bahrain's construction sector could be devastated with the loss of more than 3,500 jobs because contractors have not been paid by a real estate developer.
Major international and local contractors are struggling to recover large sums o
Bahrain's construction industry, although struggling somewhat, is performing better than most in the region, according to a new study.
However, the pace of development has slowed down across the kingdom, said the study b
The Qatar construction sector is poised for a 17. 6 per cent year-on-year growth in 2009, as gas revenues continue to provide the country with ample funds to re-invest into infrastructure development and construction projects, said an expert.
The impact of global financial slowdown on ‘vital’ UAE construction sector will be assessed at a UAE federal government-sponsored seminar, it was revealed.
The seminar entitled 'Public finances in place for infrastructure projects,'