As in many other countries, the construction industry in Kuwait was one of the first-hit areas of the economy during the global recession. However, because of this, the sector is set to benefit from hundreds of billions of dollars in infrastructure spending to be spent over the next 20-25 years as part of Vision 2035. This investment will be staggered over a series of five-year plans, the first...
Real Estate
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Chapter | Construction & Real Estate from The Report: Kuwait 2012
Nestled between Iraq and Saudi Arabia in the northwest corner of the Gulf, Kuwait has been a leader of Arab democracy and one of the most liberal nations within the GCC since the country gained independence in 1961. Economically, the country also has a bright future, with strong public finances, a young and well-educated population and vast oil deposits.
Economic update | Mongolia: Hot property
24 Feb 2012
The real estate market in Mongolia is expected to expand significantly in the coming years, thanks in part to increasing incomes and rapid urbanisation created by the country’s mineral wealth. With the capital city expected to be home to more than half of the population by 2030, Ulaanbaatar will be the focus of this surge in real estate growth.
Economic update | Qatar: Property projections
16 Feb 2012
For Qatar’s real estate sector, 2012 is expected to be much the same as the preceding 12 months, with most forecasts projecting a year of steady progress, though there are concerns that oversupply in some segments could keep prices down in the short term as the flow of new developments more than matches current demand.
The mineral wealth of Mongolia, a vast and isolated land, has brought the world to its doorstep. The country’s economy is one of the fastest growing in the world, and production from and investment in its two largest mines should see GDP growth continue to climb.
Economic update | Abu Dhabi: A measured approach
2 Feb 2012
The real estate market in Abu Dhabi is continuing to undergo a period of correction, with prices flat, slower demand and more supply expected to come to market in 2012. But while the market is expected to remain subdued in the near future, new real estate laws anticipated in 2012 could improve the situation in the longer term.