Monday, January 17, 2022
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China to advance infrastructure construction

China will advance the infrastructure construction in a coordinated way, according to the full text of the Communist Party of China Central Committee's development...

Sub-Saharan Africa construction industry to grow 6.8% year on year, says Fitch

The research firm expects the sector to emerge from recession  In its 2019 sub-Saharan Africa construction growth outlook, Fitch says it expects the construction industry...

Abu Dhabi’s $1.4bn Jubail Island megaproject to complete in 2022

In line with the goals of Abu Dhabi Vision 2030, Jubail Island Investment Company (JIIC) has launched a $1.36bn (AED5bn) mixed-use megaproject spanning 400ha at...

India’s construction industry to make strong recovery following 14.9% contraction in 2020

Driven by the unprecedented contraction of 50.3% in real terms in Q2, the Indian construction industry is expected to shrink by 14.9% in 2020....

Hilton to open 100 hotels across the Middle East region in the next five...

Hilton expects to open almost 100 hotels in the region in the next five years,  mainly in markets such as the United Arab Emirates,...

VAT reduction in China is giving boost to iron and steel

Continuing tax cuts, urbanization, but also the redefinition of industrial production beyond raw materials, will assist in the development of the Chinese iron and...

Saudi Arabia plans $2.7bn Red Sea gigaproject contracts by end-2020

The first phase of the project is expected to be completed by 2022, and will include hotels and a commercial airportRed Sea Development, the...

US $20bn Entertainment District set to be constructed in Egypt

An Entertainment District is set to be constructed in Egypt at a cost of US $20bn. This is after ATIP New Capital Entertainment (ATIP...

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...

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...