Construction of Miral’s $3.2bn Yas Bay in Abu Dhabi nears completion
Progress is being made on the $3.2bn Yas Bay waterfront development in Abu Dhabi after real estate developer Miral revealed that the region’s first...
New York City construction spending to hit $190B by 2022
Construction spending in New York City, according to the New York Building Congress' latest outlook report, will hit almost $190 billion between 2019 and the end...
Middle East and North Africa (MENA) construction boom: Saudi leads market, Egypt, Ethiopia shine...
Construction activity in the Middle East and North Africa (MENA) region has been relatively sluggish and is forecast to grow at 3.3 percent in...
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...
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...
$ 15 trillion the revenues of global construction industry by 2025, Deloitte reports
Although global economy shows signs of a slight slowdown, the construction industry continues to grow moderately, with positive outlook, according to Deloitte Global Powers...
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...
Saudi Arabia’s Red Sea Development – The project will cover 90 islands and 28,000...
Saudi Arabia is developing its coastline as part of plans to transform the economy and cut its reliance on oil. The project will cover...
Construction industry voices 2019’s expectations in Big 5 survey
Respondents from the Big 5 construction show survey have revealed that “strong competition” and “cost-driven decision making” will be regarded as the main challenges...
Phase 1 construction on Saudi Arabia’s $500bn Neom complete
Strategic work on Saudi Arabia’s Public Investment Fund-backed (PIF) futuristic Neom gigaproject will complete by the end of 2019, chief executive officer of the...
