Material costs and inflation bring the EU construction sector to its knees
Too many costs, rising inflation and inadequate government intervention are scarring the Eurozone construction sector.
December marks the eighth consecutive month of contraction in the...
Saudi Arabia’s construction pipeline for next 8 years is worth $2.1tn
Saudi Arabia’s construction sector has projects worth $2.1 trillion in the pipeline for the next eight years, according to a senior executive.
Speaking on the...
China new home prices drop at fastest rate in nearly a decade
Official data shows that new-home prices in China fell at the fastest rate in years last month, Reuters reports.
They dropped 0.7% in May from...
Saudi Arabia’s real estate market poised for unprecedented growth in 2025
Underpinned by Vision 2030 and a wave of infrastructure investment, Saudi Arabia's real estate market is on a trajectory of robust growth, as highlighted...
Construction sector contributed 14.5% to Dubai’s GDP in 2018
Dubai’s GDP recorded a growth rate of 1.94% in 2018 to reach a value of $108.4bn, with the construction, infrastructure, and real estate sectors...
Charting the Last 20 Years of Supertall Skyscrapers
Charting the Last 20 Years of Supertall Skyscrapers
At the end of the 20th century, supertall skyscrapers—buildings exceeding 300 meters in height—were still somewhat of...
Construction grows at an “accelerated pace” in Saudi Arabia
Over the last decade, Saudi Arabia has seen some of the largest scales of construction investment. This is in line with the kingdom’s economic...
Saudi and UAE lead $1.36tn Middle East construction boom
Saudi Arabia and the UAE lead a Middle East construction sector with a total pipeline of $1.36bn of projects under development, according to real...
Court orders liquidation of Chinese property giant Evergrande in landmark moment for industry
A Hong Kong court has ordered indebted property developer China Evergrande Group to liquidate in a landmark ruling that could send ripples across the...
Bahrain’s Construction Market in 2024: Growth Amid Challenges
Bahrain is expected to experience significant growth in its construction sector in 2024, with an estimated real-term increase of 3.4%. This positive outlook is...
