Wednesday, February 21, 2024
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Starts construction of $1.5 billion Dubai tower, potentially the world’s second tallest

Azizi Developments, a prominent private developer in the UAE, announced the commencement of construction for the potentially second tallest tower. The project, valued at...

German construction sector faces major slump in 2024

Germany's building industry is in crisis, according to two research institutes. The downward trend comes on the heels of a more than decadelong boom.Germany's...

China’s property ‘inventory overhang’ could take more than 10 years to correct, economist says

China is facing the prospect of a long-drawn correction in its property sector, with the overhang in the housing inventory likely to take more...

Persistent Downturn in China’s Housing Construction Sector Expected to Impact Economic Growth in 2024

In a harbinger of challenging economic times, China’s housing construction sector is projected to endure a downturn into 2024. This sustained slump, despite government...

China’s property sector worsened in November

The world’s second-largest economy has struggled to mount a strong post-COVID recovery as distress in the housing market, local government debt risks and weakening...

Big 5 Global 2023: The leading meeting of the construction industry

The leading trade show for the construction industry in the world's fastest growing market.The leading building exhibition in the Middle East, Africa, and South...

Middle East leads global hotel construction pipeline

The Middle East continues to have the largest hotel construction projects in the region globally, with most of these developments belonging to the high-end...

US existing home sales hit more than 13-year low

U.S. existing home sales dropped to the lowest level in more than 13 years in October as the highest mortgage rates in two decades...

NEOM unveils Epicon, a new high-end coastal tourism destination in Saudi Arabia

NEOM has unveiled its latest luxury coastal tourism destination, Epicon, which includes a residential offering. The aim of Epicon is to set a new...

German housebuilding is collapsing – and could drag the economy down with it

Companies are canceling residential construction projects, order numbers are shrinking and the outlook for the industry appears bleak, a report by the Ifo Institute...