Tuesday, August 4, 2020
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The Big 5: Will future buildings manage and fix themselves?

The building industry, which has historically lagged in terms of technology adoption, is beginning to have a dialogue on shifting from projects to products,...

Luxury Hotel Market to Grow to $115.80 Billion by 2025

The global luxury hotel market is expected to reach $115.80 billion by 2025, according to a new report by Grand View Research, Inc. Registering a 4.3...

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...

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...

US-Saudi Arabian Business Council economist explains COVID-19 impact on Saudi construction

The global outbreak of the novel coronavirus (COVID-19) pandemic has left an unprecedented impact on local and international stock markets and supply chains, as...

Construction equipment sales to fall 19%

Global construction equipment sales are expected to fall 19% this year from the 2018-2019 peak of 1.1 million machines to 891,000 units, according to...

$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)...

Report: US construction industry has a bright future

Dive Brief: A new report from the Equipment Leasing and Finance Foundation, Vertical Market Outlook Series – Construction, said the near-term residential and commercial construction...

Mena construction sector to grow at fastest pace globally on government spending

The construction sector in the Middle East and North Africa will grow at the fastest pace globally in 2019 as regional governments continue to...

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...