Friday, March 22, 2019
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Construction projects planned and ongoing by world’s megacities valued at $4.2trn

A total of 6,645 planned and ongoing construction projects by the world’s megacities, valued at US$4.2trn and fueled by the increase in population, are...

Construction in Peru to reach US$36 billion

The value of the Peruvian construction industry could increase to US$36.6 billion by 2023, up from its valuation of US$28.7 billion in 2018, according...

Will property curbs put Singapore’s construction sector on shaky ground?

The local construction sector, which has been showing signs of bottoming out, could find itself on shaky ground again following the latest property cooling...

China: plans to build 216 new airports by 2035

By the end of October, China had 234 civil airports and is expected to increase them up to 450 by 2035, according to the...

India: Real estate activity sees growth despite increase in construction cost

Despite an increase in construction costs, activities in the real estate sector have witnessed growth, according to a report by CBRE, a real estate...

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...

Asia-Pacific hotels record 12-percent growth in construction pipeline

The hotel industry in the Asia-Pacific region has a total construction pipeline of 1,673 projects with 349,081 guestrooms, excluding China's projects, according to the latest...

Construction begins on the $2bn Mina Al Sultan Qaboos project in Oman

Damac International, the Dubai-based building company, has announced that launch of construction on the Mina Al Sultan Qaboos project. The $2bn waterfront project located in...

Saudi Arabia construction projects hit $1tn despite $163bn on hold

Construction projects worth $1.1tn are at various stages of development in Saudi Arabia as developers such as state-owned Saudi Aramco and contractors like Saudi Binladin Group...

Dubai Municipality helps reduce construction costs by 12%

Dubai Municipality says new initiative allows contractors to take on more roles, removing the need for consultancy offices Dubai Municipality has said its new initiative...