What is the impact of the Coronavirus pandemic on GCC Construction?

Feb 26, 2020 9:36:41 AM

The novel Coronavirus which emerged in December last year from Wuhan city of China has killed over 2,765 people (as of 26 February 2020), and critically affected over 81,000 people globally.

Topics: General- Opinion- construction

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Saudi Arabia in Focus - Q1 2020 construction snapshot

Feb 19, 2020 1:49:23 PM

More than 5,564 active construction projects are currently ongoing in Saudi Arabia at a value of $1.1Tn, and the Kingdom's construction market is expected to register a compound annual growth of 6% between 2019 and 2024.

Topics: General- Industry Reports- construction

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KSA Q3 Construction Landscape Analysis

Jul 17, 2019 10:12:22 AM

For Q3, Saudi Arabia continues to lead the GCC construction market with a strong pipeline of urban projects worth over $1 trillion. Based on a recent survey by the General Authority of Statistics in Riyadh, the economy saw a slight growth by 1.6 per cent in the first quarter of 2019 as compared to 1.3 per cent in the same period last year.

Topics: General- Industry Reports- construction

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Oil and Gas Construction Remains Strong in the UAE with $146 Billion Active Projects

Jun 19, 2019 11:08:45 AM

The United Arab Emirates, a key member of the Organization of the Petroleum Exporting Countries (OPEC) and the Gas Exporting Countries Forum (GECF), has been significant to oil & gas markets internationally.

Topics: General- Industry Reports- Opinion- construction

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Kuwait Q2 Market Analysis

Jun 5, 2019 11:00:00 AM

Under the 2035 Kuwait strategic plan, the development of five islands namely Boubyan, Warbah, Failaka, Maskan and Oaha with an investment value of $160 billion is expected to double up tourist and recreational areas, in turn requiring investments in commercial, residential and hospitality complexes as well as infrastructure. 

Topics: General- Industry Reports- construction

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Five Tips On How Subcontractors Can Win More Business

May 2, 2019 2:03:17 PM

The construction industry significantly relies on beneficial relationships based on trust, cost efficiency and productivity for each party. Most of these factors are evident in the relationship between the developers, consultants, contractors, subcontractors, suppliers and manufacturers.

Topics: General- Opinion- construction

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The SME Opportunity in ConstructionTech.

Apr 24, 2019 11:40:27 AM

 
Technology has transformed the vast majority of industries, with some embracing changes faster than others. According to a McKinsey report, construction — an industry worth $10 trillion — remains a glaring exception. Despite accounting for 13 percent of global GDP, construction is still one of the least digitized sectors in the world.

Topics: General- Opinion- construction

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Three futuristic trends that will impact the construction industry

Apr 17, 2019 10:36:16 AM

The construction industry is constantly evolving. Ever so often new trends make its way through the industry, from tech advancements such as building constructionTech platforms that have a stronger focus to increase efficiency and productivity.

Topics: General- Opinion- construction

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ProTenders secures US$3 million for Pre-Series A

Apr 8, 2019 3:25:09 PM

ProTenders, the construction intelligence and procurement platform, today announced that it has successfully completed a Pre-Series A funding by a prominent group of UAE-based investors.

Topics: General- construction- announcement- press

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UAE Q1 Market Analysis

Apr 4, 2019 11:45:47 AM

The UAE construction market has reached the value of $1.01 trillion. Within the total value, 42% of projects are currently under construction ($420.1bn) while 28% are on hold ($284.7bn), and rest of the 30% of projects are in the in-planning to design and tender stage (72.6bn).

Topics: General- Industry Reports- construction

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