Buildings

DWTC awards US$197mn contract to AFC for One Central phase 1A6

1 Central DubaiDubai 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

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‘Egypt most prosperous construction market in MENA’

cairo MohammadAboul Ela pixabayEgypt 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

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‘Saudi Arabia to see slow but better construction growth in 2017’

Riyadh stephendownes flickrA recently released report forecasts that Saudi Arabia will witness an overall construction growth of 1.9 per cent year-on-year for 2017

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Middle East sees hike in hotel rooms, Saudi Arabia registers highest growth

makkah khalilsawant flickrApproximately 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

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‘Low oil prices has lowered GCC projects market in 2016’

Bahrain1 Rory flickrThe 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

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