Thousands of Bahraini citizens are set to move into new properties in 2017 as the government makes good on its pledge to provide 25,000 new homes by the end of 2018. The houses and flats have been funded through the Ministry of Housing (MoH), the Gulf Development Fund and through public-private partnership (PPPs) agreements. The homes are...
With a raft of measures aimed at improving infrastructure, industry, housing and connectivity, the government of Bahrain has a $32bn investment strategy to accelerate economic diversification in the kingdom, providing abundant opportunities for the country’s construction sector. Even against a backdrop of falling oil prices that has seen the...
The development of a new cement plant at the Duqm Special Economic Zone (SEZ) marks a new chapter in Oman’s cement industry, as two rival domestic companies form a joint venture to target new markets. The two firms made announcements about the deal in mid-August 2016 via statements to the Muscat Securities Market. Oman Cement, which is based...
With a multi-billion-dollar pipeline of public sector contracts and significant private sector developments planned for the remainder of the decade, the construction sector remains a highly significant and growing sector of the Omani economy. In the face of substantial headwinds driven by lower oil prices since the middle of 2014, the...
The aims of Oman’s latest five-year plan are being realised, as new developments spring up with a focus on the sectors with the most growth potential. Input from both public and private developers is spurring work on major projects catering to the transport and logistics, tourism, manufacturing, fisheries and mining sectors, while new...
After years of rapid growth following the start of the transition to civilian government in 2011, Myanmar’s real estate sector slowed in 2015 and 2016 as a supply surge of new office space weighed on rents and occupancy. Condominiums and high-end residential property also saw growth slow, with some stakeholders arguing rents have been...
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