Saturday, February 23, 2019
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Economic reforms to benefit builders in Saudi Arabia

Increased government spending and progress on multibillion-dollar construction projects may fuel growth in Saudi Arabia’s property sector, real estate services firm JLL said. Public Investment...

China’s new tallest building will be located in Shenzhen

The tower is at the center of the Shimao Longgang Master Plan. The Shenzhen-Hong Kong International Center is currently envisioned to rise approximately 700 meters...

Year-End U.S. Hotel Construction Pipeline Continues Steady Growth

At the end of 2018, analysts at Lodging Econometrics (LE) reported that the total U.S. construction pipeline continued to trend upward with 5,530 projects/669,456...

Almost $30bn in hotel construction contracts to be awarded by 2023

Nearly $30 billion worth of hotel construction contracts will be awarded in the Middle East and North Africa between now and 2023, according to...

Construction of the Green River project in Egypt commences

Egypt has commenced construction of one of the largest parks around the world, the Green River in the New Administrative Capital. Prime Minister and Minister of...

Saudi Arabia to begin construction at $500bn NEOM development in 2019

The work on the first phase of NEOM Bay, an urban project, will be completed in 2020 Construction of NEOM Bay, the first urban area...

Construction demand in Singapore to stay strong, reach up to $32b this year

Construction demand is expected to remain strong this year due to sustained public sector contracts, as the industry continues to recover from a challenging...

East Africa construction industry outlook promising-report

The total number of projects in East Africa has risen by a substantial 96% between 2017 and 2018 with an equally substantial increase of...

Mena construction sector to grow at fastest pace globally on government spending

The construction sector in the Middle East and North Africa will grow at the fastest pace globally in 2019 as regional governments continue to...

Construction on Saudi Arabia’s 334km² Qiddiya to start in 2019

Construction on Qiddiya, Saudi Arabia’s planned 334km2 entertainment gigaproject by Public Investment Fund (PIF), will reportedly start this year. Speaking to Riyadh-based news outlet Arab News,...