Ajman ...rise in contracts. Image courtesy: WAM
Ajman H1 construction contracts hit $571.72m
AJMAN, August 17, 2022
The value of construction contracts in the UAE emirate of Ajman exceeded AED2.1 billion ($571.72 million) in the first half of 2022, higher than during the same period in the two previous years.
In 2020, construction contracts were valued at AED800 million and in 2021, it was AED1.9 billion, said a WAM news agency report quoting data released by the Department of Municipality and Planning in Ajman.
Abdul Rahman Mohammed Al Nuaimi, Director-General of the Department, stressed that construction contracts in the emirate rose in value by 11 per cent compared to the two previous years, underscoring the confidence of residents and project owners.
Eng Khalifa Abdullah Al Falasi, Director of the Buildings Administration at the Department, said construction licences registered an increase in the first half of 2022, amounting to 2,376 compared to 2,187 in 2021 and 1,659 in 2020.
