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...
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...
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...
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...
Azerbaijan has announced it seeks to build the tallest building in the world that will dwarf world's current record holder - Dubai's Burj Khalifa. The Caucasian state is riding high on oil revenues which has resulted in high-profile construction...
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...
A New York property developer and an Abu Dhabi government fund are joining hands to develop a new shopping complex, five-star hotels and fine dining on Abu Dhabi's Al Maryah Island. The development is taking place in Sowwah Square, a newly...
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...
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...
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...
Airports throughout the Gulf region managed to clinch the bulk of transportation contracts worth $2bn awarded during the first five months of 2012, a report said on Sunday. The new research suggested road construction stood second with contracts worth $1.6bn...
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...
Qatar is planning to spend around $125bn on construction and energy projects over the next six years, ahead of the FIFA 2022 Football World Cup, a new report said on Thursday. A report compiled by the Saudi NCB bank said...
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...
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...