It was recently announced that Dubai will be the first Middle Eastern city to host a World Expo trade convention, which happens in 2020. With sustainability set to be one of the three core themes at the event, the World...
The Dubai Canal project will transform the city through Real Estate and Tourism Innovation The Dubai Canal Project, a 14-million square feet mega development extending the Dubai creek water way into the Arabian Gulf offers a fresh perspective to waterfront...
A new study reveals the UAE has raced past Saudi Arabia to become the biggest construction market in the Middle East for the first time since 2008. The report by accountancy firm Deloitte reveals that contracts worth USD 16.2 billion...
Qatar's statistics authority said on Sunday the economy grew 6.9% year-on-year in inflation-adjusted terms in the first quarter of this year thanks to soaring construction industry projects in the Gulf state. The country's real gross domestic product (GDP) also increased by...
The Dubai Al Sufouh Tram Project - the first tram services to operate in the Middle-east region to begin operations in November 2014 The Al Sufouh Tram Project is one of Dubai’s most highly awaited infrastructural developments. According to the...
Press Release Maskan Arabia for Real Estate Development today announced the launch of the preliminary excavation work at its new residential project, “BLOM Invest Maskan Arabia” Fund, in North Riyadh. The development will consist of 312 residential units, worth AED490...
Qatar says it is considering a revamp of its controversial sponsorship system for foreign workers in the country and introduce a new system that is in line with international labour standards. Under the current system, all foreigners must be sponsored...
Kuwait’s state news agency KUNA reported the country's parliament rejected a bill that covered the government’s $111bn four-year development plan that started during the 2010-2011 fiscal year. Opposition lawmakers blocked the bill on Wednesday, describing it as “unrealistic”. They also...
Iraq's government risks losing funding from international donors as millions of dollars in international aid to build and repair Iraq's dilapidated schools and other infrastructure has gone unspent for years. The World Bank, chief Iraq donor, is weighing to use...
Dubai's economy is bouncing back with latest trade figures revealing that Dubai's trade grew exponentially to over 1.32 trillion dirhams (about US$ 362 million) in 2013, leading to a growth of about 7.6%. Regarded to be one of the richest...
Boosted by heavy public and private spending in various infrastructure projects, the GCC glass industry is enjoying a period of tremendous growth. Latest market intelligence report by UK-based Bowmedia Group shows that the demand for flat glass will continue to...
Gulf states risk creating a glut in container capacity amid multi-billion dollar spending on port projects, a report published by Bloomberg said. More than 35 ports of the six Gulf states plan to add space for as many as 60...
A new report has pointed out that the Gulf Cooperation Council (GCC) contracting industry is set to maintain its strong growth momentum due to several large infrastructure projects in the pipeline. The Kuwait Financial Centre (Markaz) GCC Contracting Industry report...
The National Water Company plans new projects worth SR4 billion ($1.07bn) in Jeddah's historical regions, northern and southern parts. The projects include replacement with high-pressure pipes that can pump larger quantities of water, construction of main pipeline networks and setting...
Despite a fall in construction costs over the past year, Qatar is still an expensive place to build compared to the UK, new research said on Monday. According to the annual EC Harris International Construction Costs Report, the UK is...
World’s largest manmade lagoon to be built in Dubai with the possible entry into the Guinness Book of World Records  Crystal Lagoons Corporation, the patented technology developer of giant crystalline lagoons has announced that it will construct the world’s largest manmade lagoon in...
International and Chinese firms eye the $2.8 trillion GCC construction market With $2.8 trillion worth of projects planned or ongoing in the Gulf Cooperation Council (GCC) countries, international firms are increasingly eyeing the construction market in the region. At a...
Energy Efficiency can save consumers and businesses money. No matter how 'green' the energy supply is -- it is not as 'green' as conservation. Turning the lights 'Off" or lowering the demand on the air conditioning unit, always results in real...
Saudi government announced on Sunday it has approved road construction contracts worth more than 3 billion riyals ($790m). Arab News reported Jabara Al-Seraisry, Saudi Arabia’s Transport Minister, signed 41 road contracts which cover developments valued at $56.8m (SAR 213m) in the Makkah...
Europe's tallest building has been officially unveiled in central London by the prime minister and minister of foreign affairs of Qatar, Hamad Bin Jassim Bin Jabr Al-Thani, and The Duke of York, Prince Andrew. The Shard's has emerged as the capital's most...
With the GCC states investing up to USD 121 billion in different road and bridge infrastructure projects, the asset management industry is enjoying an unprecedented boom across the region. Some of the latest methodologies and strategies in asset risk management,...
Dubai Cityscape Global 2013 has attracted over 30,000 visitors, a 53 percent rise compared to last year. Cityscape Global is Middle East's mega real estate gathering event where participants showcase their latest property developments and peripheral real estate products and...
GCC's buzzing construction industry As GCC governments set the way to build better, more efficient, smart and sustainable cities, the construction industry is poised for stronger growth with value of all the current active projects in the GCC estimated at...
Human Rights Watch warned Qatar to honour its commitment to reform employment laws for migrant workers ahead of the 2022 FIFA World Cup, amid fears that stadiums will be built using an exploited labour force. The New York-based rights watchdog...
The number of 'Megatall' towers in the Middle East is likely to increase within the next decade, says EC Harris a global Built Asset Consultancy. Economic power, space limitations, and relaxed planning regimes, all conspire to empower developers to build...
Saudi Arabia is set to lead growth in Middle East's infrastructure and construction spending over the next 15 years, a report compiled by BofA Merrill Lynch said on Tuesday. The study noted that the construction sector across the Middle East...
Unveiling District One: Welcoming the New-age Metropolis of Mohammed bin Rashid City District One of the AED30bn ($8.17bn) Mohammed bin Rashid City was unveiled on Tuesday, 28th January 2014, by His Highness Sheikh Mohammed bin Rashid, Vice-president, Prime Minister and Ruler...
Saudi Arabia announced it has plans to invest SAR200bn ($53.33bn) in aviation sector over the next five years, country's English daily reported. According to Arab News, the spending will be made to meet future demands of the Kingdom's ever-increasing air traffic...
Deloitte Survey Reveals Changing Preferential Moods: From China to the Middle-east  Despite the gloom and doom that overrode most of the global economy in 2013, the Asian economic giant China notched some significant successes as far as its economic activities...
The ongoing construction bonanza has led Gulf Arab states to spend on average more money on interior design than their counterparts in Japan, Europe and the United States, according to a study by Ventures ME. The study showed some building...