DWTC award phase 1A6 contract to AFC. (Image source: Dubai Chronicle)
Dubai World Trade Centre (DWTC) has awarded the US$197mn contract for phase 1A6 of the 182,500 sq m One Central, to Al Futtaim Carillion (AFC), which will commence operations later this month and be completed before the end of 2018
During 2016 Egypt exported US$200mn worth of iron and steel. (Image source: Mohammad Aboul-Ela/Pixabay)
Egypt is the most prosperous construction market in the Middle East and North Africa (MENA) region despite the effect of the currency?s devaluation and the high inflation rate, according to HSBC?s MENA construction report issued recently
Saudi Arabia has the largest construction market in the GCC and scores highly for the amount of investment made in the economy. (Image source: Stephen Downes/Flickr)
A recently released report forecasts that Saudi Arabia will witness an overall construction growth of 1.9 per cent year-on-year for 2017
The Saudi Vision 2030 recognises the crucial role religious tourism can play in diversifying the economy, with religious pilgrims currently contributing two to three per cent of the GDP. (Image source: Khalil Sawant/Flickr)
Approximately 159,922 rooms in 560 projects are under contract in the Middle East and 58,878 rooms in 316 projects under contract in Africa, shows STR?s November 2016 Pipeline Report
Bahrain has awarded a total of seven tenders worth US$1.69mn in October besides inviting bids for 13 tenders worth US$20.2mn for projects related to roads, sanitation and construction sectors. (Image source: Rory/Flickr)
The GCC projects market is expected to record at best US$120bn worth of contract awards in 2016, down by at least a third on 2015 levels and well below what was initially forecast, as low oil prices severely impact government expenditure, according to a new report
