Saturday 12 July 2014
mega projects

UAE growth to stay strong: IMF

Economic growth in the United Arab Emirates is expected to remain strong driven by the ongoing momentum in the non-oil economy, the IMF has said. The economy is estimated to have grown by 4.5 per cent in 2013, supported by tourism, hosp


IMF warns on Dubai real estate bubble

If the various mega projects announced by Dubai are not implemented prudently, they could result in a real estate bubble, the International Monetary Fund (IMF) has warned. The projects could also create additional financial risks for Dubai, it s


Globe Express bolsters Kuwait services

Globe Express Services, one of the world’s top 100 global logistics providers, has announced that it has intensified its regional growth plans by providing a full array of innovative supply chain solutions in Kuwait. The com


Challenges of delivering mega projects

With 2013 forecasted to be a year of optimism and opportunity for construction in the Middle East, all eyes are back on governments in the region and how they propose to manage their spending, according to a report. In a region where th


Dubai's new boom assumes short memories

  Dubai has rediscovered its appetite for grand designs. A replica Taj Mahal four times bigger than the original, the world's biggest Ferris wheel, several new mega-malls, and over 100 new hotels are amongst a raft of extrava


Mega project to spur Bahrain investments

The massive new BD200 million ($530.4 million) Manama Central Market development project will send a clear message to global investors that Bahrain is stable and open for business. This project will send a message to all in Bahrain and to


Bahrain eyes mega projects to spur economy

A series of mega government-funded development projects could be on the way in Bahrain with His Royal Highness Prime Minister Prince Khalifa bin Salman Al Khalifa gaving directives for feasibility studies to be launched. "The huge develop

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