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.
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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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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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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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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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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The UAE is the second most active construction market in the GCC. In October 2018, the UAE Cabinet had approved the biggest-ever federal budget for a single year with $16.3 billion in 2019, with a clear focus on community development, education and healthcare, which can be expected to have a positive influence on urban buildings construction in the months to come. Here are the top 3 projects in the most active cities:
Topics: General- Industry Reports- construction
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Construction projects worth $1120 Billion in Saudi Arabia are at various stages of development, with developers such as state-owned Saudi Aramco and contractors like Saudi Bin Ladin Group work on major projects under the kingdom's Vision 2030.
Topics: General- Industry Reports- construction
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More than a year and a half after Saudi Arabia unveiled economic reforms under Vision 2030, the Kingdom appears to be making considerable headway in planning and launching key projects that will ultimately give a much-needed boost to its construction sector.
Topics: Industry Reports- Opinion
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A general contractor can be working on projects from $2mln to $100mln+ in value. No matter the size of project, the contractor will need to select from thousands of bidding companies to eventually hire several subcontractors and even suppliers. Whilst the majority of time, price is a large deciding factor, there are other variables that may decide if you are successful in winning future bids.
Technology means that contractors are able to compare incoming bids quicker and more efficiently than before. When faced with the question, why should you be paid more than your competitors, you need to be able to point to something specific.
Topics: Business Development- General- Industry Reports
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Figures released by the Dubai Economic Department for Q1 2015 Dubai real estate transactions:
Topics: Industry Reports
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