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New York, Chicago among the world’s 2019 ‘construction mega cities’

The U.S. metros of New York City, Chicago, Los Angeles, Houston, Miami, Atlanta, Washington, D.C., Las Vegas, San Francisco and Boston, according to Information...

GlobalData: COVID-19 ravaged construction industry in South and South-East Asia set to post V-shaped...

The stringent lockdowns and social distancing norms due to COVID-19 have severely disrupted the construction industry across South and South-East Asia. Consequently, the industry...

China targets $148 bln in financing for cash-strapped developers

China will help property developers by issuing 1 trillion yuan ($148.2 billion) in loans for stalled developments, the Financial Times said, as Beijing tries...

NEOM collaborates with ministries in achieving Vision 2030 goals

Saudi Arabia’s $500 billion giga-project NEOM has signed partnership agreements with the various ministries to improve investment opportunities and boost cooperation.NEOM has signed a...

Chinese authorities signal no major bailout for struggling real estate developers

Chinese authorities have sent a clear message that struggling real estate developers shouldn't expect a significant bailout, as the government puts on a spotlight...

China’s construction industry on rapid growth since 1978

China's construction industry has seen rapid expansion since the country began to implement the reform and opening up policy in 1978, data showed.The value-added...

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 2020Construction of NEOM Bay, the first urban area...

$494 billion worth of construction projects are currently active in Kuwait

Construction projects worth more than $494 billion are currently active in Kuwait, according to new research by ProTenders.Of these, projects worth $15.5 billion (3.1 percent)...

Saudi Arabia benefits from high tech in construction of Red Sea Project

Saudi Arabia has undergone huge changes with the introduction of Vision 2030, devised by the Crown Prince Mohammad bin Salman, which has, among other things,...

UAE: The $1.36bn Jubail Island development will be a collection of villages located between...

Jubail Island Investment Company (JIIC) has awarded the construction contract for the first phase of 300 villas managed by UAE master-developer LEAD to Arabian...