Despite the halving of oil prices from their 2014 highs, Qatar’s economy continued to grow robustly in 2016, particularly in the non-hydrocarbon sector where key infrastructure projects maintained progress, QNB Group said.
H.H. the Emir Sheikh Tamim bin Hamad Al Thani of Qatar officially launched the first proposed host venue of the 2022 FIFA World this weekend in front of 40,000 football fans.
The fall in the price of oil has pushed construction margins down in the Middle East and forced companies to reduce prices in order to win work, according to new research by professional services company, Turner & Townsend.
The Union Cabinet of India, led by Prime Minister Narendra Modi, has approved the construction of 10 additional pressurised heavy water reactors (PHWR) in the country.
Qatar will be among the top five fastest-growing construction markets globally over the next five years, according to BMI Research.
Saudi Arabia has awarded Turkish construction giant Yuksel the SR1.9 billion ($506.6 million) Bus Rapid Transit (BRT) project, which includes construction of 34 stations, 1,353 community bus stops and six pedestrian bridges in Riyadh.
The Dubai government said on Sunday that it had secured $3 billion in long-term financing for the expansion of its airports.
Middle East construction disputes are on the rise, but are being resolved more quickly than before, according to the Arcadis ‘2017 Middle East Construction Disputes Report’.
Miral launched yesterday a $3.3bn (AED12bn) master development plan that will see the transformation of the southern end of Abu Dhabi’s Yas Island.
More than 16,000 visitors expected to attend 14th edition of construction trade show, organiser says.
Qatar has earmarked $13bn in investments for 2017 with industry analysts predicting the market to peak within the first half of the year.
A new joint venture has been signed between Saudi and Korean firms to establish a $50m manufacturing plant in PlasChem Park in the kingdom’s Jubail Industrial City 2.