Thursday, June 4, 2020
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Middle East to see smallest rise in construction cost among global markets

Cost of construction in the UAE stands at $1,455 per square metre, compared with $3,900 in New York, Turner & Townsend report says The Middle...

Construction start of Abu Dhabi’s Bloom District likely in 2019

Abu Dhabi Urban Planning Council (UPC) has approved the total gross floor area of the 2.2km² megaproject, and a groundbreaking ceremony could be held in...

Sheikh Mohammed approves $8.7bn homes plan for UAE

Following the directives of President Sheikh Khalifa bin Zayed Al Nahyan, the homes will be delivered up until 2025   Sheikh Mohammed bin Rashid Al Maktoum,...

US tops global hotel construction pipeline

The global hotel construction pipeline, led by the U.S., is at a record high, according to Lodging Econometrics, with 14,051 projects (2.3 million rooms) under...

Egypt is Spending Billions on a New Capital City

Construction has begun on Egypt’s shiny new capital city, which promises to ease the congestion of its overpopulated capital Cairo. Located 40 kilometres from Cairo,...

Zimbabwe’s new parliament building construction gets underway

Construction work on Zimbabwe’s new parliament building has been kick-started by President Mnangagwa at a foundation stone laying ceremony carried out recently. The project is being funded...

Marriott International to launch 19 new hotel properties, 3,000 rooms in MENA region this...

The hospitality group will be adding 19 new hotel properties and more than 3,000 rooms to its Middle East, Africa portfolio in 2019. They...

Construction of new Phnom Penh airport on schedule

Construction of a new airport that will serve Phnom Penh is on track and could be completed as early as 2023, the developer said. Pung...

Senegal is building a $2 billion futuristic city

Senegalese leaders have long dreamed of building a new urban center amid mounting congestion and overcrowding in the capital city of Dakar. With a...

Construction demand in Singapore to stay strong, reach up to $32b this year

Construction demand is expected to remain strong this year due to sustained public sector contracts, as the industry continues to recover from a challenging...