Monday, October 14, 2019
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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...

$ 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...

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...

Value of global civil engineering market to reach $12.5tn in 2025

The global civil engineering market will be valued at $12.5tn by 2025, growing from its 2018 value of $9tn on the back of greater...

GCC construction deals set to rise to $148.7bn in 2018

New research says the UAE will award a third of the region's construction contracts this year Rising oil prices and increased government spending is fuelling...

Sub-Saharan Africa construction sector to grow, despite concerns

Mace’s latest Market View for Sub-Saharan Africa (SSA) reports that construction activity is forecast to grow across the region, despite a number of significant...

Vietnam: Resolution to improve construction investment

The Government of Vietnam has issued a resolution assigning major tasks for ministries and local authorities and asking them to identify solutions to obstacles...

Saudi Arabia’s King Salman unveils $22bn Riyadh development projects

Saudi Arabia’s King Salman bin Abdulaziz Al Saud, Custodian of the Two Holy Mosques, has approved 1,281 cross-sector development projects in Riyadh. King Salman laid...

Saudi Arabia presents $134bn construction projects in Riyadh

Construction projects worth more $133.3bn (SAR500bn) in Saudi Arabia were presented to contractors at an event organised by Saudi Contractors Authority. The projects were showcased...