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 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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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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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, 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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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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Barriers to entry especially in construction continue to be a challenge for women. The construction industry is slowly evolving with technology and new innovations such as 3D printing, blockchain, robotics and more. However, gender diversity still remains a huge gap in the industry and remains one of the most male-dominated industries in the world.
Topics: General- Opinion- construction- womenempowerment
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