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Egypt unveils billion dollar infrastructure plan to connect to nine African countries

Transport minister notes that 35 projects will be rolled out in the coming monthsEgypt has plans for a major infrastructure project that will connect...

China Unveils Sweeping Measures to Rescue Property Sector

Chinese authorities have unveiled sweeping measures to rescue the country's struggling property sector, as regulators seek to offset years of harsh pandemic curbs and...

China’s Country Garden eyes debt deal, Evergrande creditors anticipate liquidation

China’s Country Garden may announce a restructuring of its offshore debt soon, local media reported, while bondholders of embattled peer China Evergrande Group raised...

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...

USA: Construction starts down significantly in first half of 2020

Dodge Data & Analytics released its findings on construction starts from the first half of the year, sharing that the pandemic and resulting recession wreaked...

Construction spending falls in New York City, but outlook is positive

Construction spending in one of the country’s largest markets is rebounding from last year’s dip, when non-essential construction paused for 11 weeks due to...

‘Discover NEOM’ tour kicks off in Saudi’s Jeddah to promote $500 bln mega project

NEOM has kicked off its Discover NEOM tour in Jeddah to promote investment opportunities in the $500 billion mega project in Saudi Arabia’s Red...