Monday, October 14, 2019
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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,...

Large mixed-use development site sold in Port Washington, clearing way for construction start

A large mixed-use development site in Port Washington has been sold, clearing the way for construction to begin. The City of Port Washington sold the...

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...

Continuous growth is expected in the hotel sector in the African continent until 2022

According to the latest report from PwC “Hotels outlook: 2018–2022 Positioning for future growth” Africa’s hotel sector has the potential for further growth over...

Construction fever in the hotel sector in China

Construction growth in China has been boosted by billions of dollars in liquidity to offset the economic downturn brought about by the escalation of...

Global hotel construction hits an all-time high

Hotel construction across the world is at an all-time high, according to a report just published by US hotel consultant Lodging Econometrics (LE).   The...

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...

Construction starts on $1.2bn Reem Mall’s Snow Park in Abu Dhabi

Construction work has started on the 1.1ha Snow Park within Abu Dhabi’s Reem Mall, a $1.2bn (AED4.4bn) project at Reem Island’s Najmat District that will...

$ 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...

Hyundai Motor’s GBC construction to begin H1 2019 – Hyundai’s 569-meter building would become...

Hyundai Motor Group, the world’s fifth-largest automotive group, is slated to begin construction of its new headquarters, dubbed the Global Business Center, in southern...