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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 2020 Construction 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,...

No VAT impact on construction sector in UAE

Expo 2020, Vision 2021 lead UAE's construction activity. The UAE's construction industry has not been impacted by the recent introduction of 5 per cent value-added...

Construction projects planned and ongoing by world’s megacities valued at $4.2trn

A total of 6,645 planned and ongoing construction projects by the world’s megacities, valued at US$4.2trn and fueled by the increase in population, are...

Construction in Peru to reach US$36 billion

The value of the Peruvian construction industry could increase to US$36.6 billion by 2023, up from its valuation of US$28.7 billion in 2018, according...

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...

Will property curbs put Singapore’s construction sector on shaky ground?

The local construction sector, which has been showing signs of bottoming out, could find itself on shaky ground again following the latest property cooling...

China: plans to build 216 new airports by 2035

By the end of October, China had 234 civil airports and is expected to increase them up to 450 by 2035, according to the...

5 Most Expensive Cities to Build

A new report by consulting firm Turner & Townsend highlights the cities with the highest construction costs in 2018 San Francisco construction costs soared in...