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
Buildings
?Saudi Arabia to see slow but better construction growth in 2017?
A recently released report forecasts that Saudi Arabia will witness an overall construction growth of 1.9 per cent year-on-year for 2017
Middle East sees hike in hotel rooms, Saudi Arabia registers highest growth
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
?Low oil prices has lowered GCC projects market in 2016?
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
BREEAM resource for the Middle East launched at Big 5
Bre Global launched a dedicated resource for the delivery of BREEAM, the internationally recognised measure of sustainability for master planning, infrastructure and built environment at The Big 5 2016