Perhaps the most significant regulatory enactment for the Kingdom’s construction and real estate players in years, the white land tax is expected to have a wide-ranging impact on the market. Instituted to encourage sales of land to more active developers, the government began issuing its first bills for taxable land in late March 2017.
Thriving revenues from hydrocarbons led to a period of widespread residential building in Algeria, with the housing segment leading the construction sector as the largest market in 2011-15, accounting for 41% of the total. Sustained growth is forecast until 2020, driven by an urbanisation expansion rate of 2.7% and a rising population...
As a key industry for Algeria’s economic development and diversification, the construction sector’s growth forecast remains positive despite the slowdown of the wider economy. There are major projects in transport and housing in the pipeline, though a flatter rate of expansion is expected due to investment cutbacks, and the buoyant curve of...
In December 2010 Qatar beat competition from the US, Australia, Japan and South Korea to become the venue for the 2022 FIFA World Cup. In so doing it became the first Arab country and the smallest nation to ever be awarded the honour. Yet what Qatar may lack in size it is more than making up for in investment and planning for this momentous...
A quick look at the Doha skyline reveals just how much activity there is in Qatar’s construction sector currently, with cranes and scaffolding-clad towers, the thump of piledrivers and convoys of cement trucks snaking through the city’s streets. Activity in the capital is just one aspect of the work being done, with highways, housing estates...
One of the four pillars of Qatar National Vision 2030, the long-term development plan, is environmental sustainability. Under this goal, economic growth and social development must occur in such a way as to ensure environmental protection, securing the country’s achievements for future generations, as well as boosting the health and standard...
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