The value of infrastructure contracts awarded in the UAE in 2014 is expected to increase by more than five times, to $15.2bn. This rising trend is reflected in Dubai’s construction sector, which accounted for about 8% of GDP in 2013. The sector’s growth has been driven by projects linked to higher tourism numbers and upcoming international events, and Dubai Expo 2020 in particular. Expo 2020...
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Chapter | Construction & Real Estate from The Report: Dubai 2015
In many respects 2014 marked the transition from strong recovery to promising growth for Dubai. With many exciting projects in the pipeline, not least the hosting of Expo 2020, the emirate is continuing to build on its reputation as a dynamic and international centre for business.
A flurry of major infrastructure projects in Indonesia is set to boost the construction sector, although growth in the domestic building materials industry remains hamstrung by regional competition and government intervention in some cases.
Articles & Analysis | Development plans promote infrastructure and home building in Bahrain's construction sector from The Report: Bahrain 2015
Government moves to enact an ambitious infrastructure investment plan backed by financial assistance from the GCC’s $10bn Gulf Development Programme should support steady expansion of construction activity in Bahrain over the next few years, following a period of slower growth. The push to provide affordable housing has seen a host of new...
Interviews & Viewpoints | Mohammed Khalil Alsayed, CEO, Ithmaar Development Company (IDC): Interview from The Report: Bahrain 2015
Articles & Analysis | Though the Bahraini property rental market is subdued, apartment sales are increasing from The Report: Bahrain 2015
With the smallest geographic area and smallest population within the MENA region, Bahrain possesses a unique set of real estate market fundamentals. The kingdom has one of the GCC’s highest population densities, with the majority of its 1.2m citizens living in Manama and Muharraq, meaning obtaining land for new buildings can be a challenge. At...