Moody’s downgrades global construction prospects for 2020-21
On the back of coronavirus disruptions, investor relations company Moody’s has issued a pessimistic outlook on the global construction industry for the next 12 months. Moody’s...
5 of the largest mixed-use projects in the works across the US
Across the country, developers are placing big bets on mixed-use projects, many of them with budgets into the billions or hundreds of millions.In the...
Property, infrastructure projects in Saudi top $1.1trln since Vision 2030 launch
More than $1 trillion worth of projects have been rolled out in Saudi Arabia since the launch of the Vision 2030 strategy, which seeks...
Construction work for 2025 World Expo set to begin on Yumeshima
Construction work and other preparations for the 2025 World Exposition are set to start at the event’s venue: Yumeshima, an artificial island in Osaka...
UAE’s airport infrastructure investments hit $272.25bn
The UAE’s General Civil Aviation Authority (GCAA) has revealed that the nation has invested $272bn in airport infrastructure development projects until now, with investments...
Ethiopia: $2 billion construction project to boost development
The United Arab Emirates firm, the Eagle Hills, has launched an estimated $2 billion integrated community development project in Addis Ababa.The Ethiopia government will...
USA: Second wave of COVID-19 impacts construction, and the results aren’t good
A second wave of business impacts from COVID-19 is reverberating through construction contractors’ operations, and those consequences are getting worse as the pandemic wears...
Saudi plans world record 2km tall tower, $5bn project
Saudi Arabia is planning to build a 2km skyscraper in Riyadh that would become the world’s tallest building, according to reports by MEED.The megatall...
Material costs and inflation bring the EU construction sector to its knees
Too many costs, rising inflation and inadequate government intervention are scarring the Eurozone construction sector.December marks the eighth consecutive month of contraction in the...
Construction on Saudi Arabia’s 334km² Qiddiya to start in 2019
Construction on Qiddiya, Saudi Arabia’s planned 334km2 entertainment gigaproject by Public Investment Fund (PIF), will reportedly start this year.Speaking to Riyadh-based news outlet Arab News,...
