With a decade-long bull market and an ultra low interest rate environment globally, it’s not surprising to see capital flock to housing assets. For many investors, real estate is considered as good of a place as any to park money—but what happens when things get a little too frothy, and the fundamentals begin to slip […]
UAE’s bid to host Expo2020 is a historic achievement, which, along with UAE’s Vision 2021, means that the construction and infrastructure sectors have won a significant share of investments. At the level of Gulf countries, UAE’s share of oil exports in the country’s gross domestic product (gdp) dropped 21 percent to second place after Saudi
Expo 2020 to boost construction and transportation in United Arabic Emirates Read More »
Construction projects worth more than $494 billion are currently active in Kuwait, according to new research by ProTenders. Of these, projects worth $15.5 billion (3.1 percent) are on hold, the consultancy said in a statement. Projects in the design stage are valued at $243.5 billion (49.3 percent) while another $63 billion (12.8 percent) are in the
$494 billion worth of construction projects are currently active in Kuwait Read More »
Construction work has started on the 1.1ha Snow Park within Abu Dhabi’s Reem Mall, a $1.2bn (AED4.4bn) project at Reem Island’s Najmat District that will comprise 450 shops when it opens in late-2020. UK practice Pascall + Watson, which has delivered architectural design services for Snow Park, said site works have started for the “unusual leisure
Construction starts on $1.2bn Reem Mall’s Snow Park in Abu Dhabi Read More »
The hospitality group will be adding 19 new hotel properties and more than 3,000 rooms to its Middle East, Africa portfolio in 2019. They will also add 26,000 rooms across the region by the end of 2023 Marriott International announced, “The new additions are in line with the company’s expansion plans to add more than