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$1-trillion projects to drive Saudi construction boomThe construction sector in Saudi Arabia will continue its growth for the next few years in light of the value of ongoing and planned projects for transport, infrastructure, utilities, education, and healthcare collectively worth over $1 trillion More… |
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UAE air-conditioners market set for 8pc growthThe air conditioners market in the UAE is projected to grow at a CAGR (compounded annual growth rate) of 8 per cent during 2015-20, a report said. Growth in the market is anticipated on account of growing population, increasing pu More… |
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UAE air-conditioners market set for 8pc growthThe air conditioners market in the UAE is projected to grow at a CAGR (compounded annual growth rate) of 8 per cent during 2015-20, a report said. Growth in the market is anticipated on account of growing population, increasing pu More… |
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UAE’s FM market to top $5 billion next yearThe boom in construction projects in the UAE could drive the facilities management (FM) services market to approximately Dh20 billion ($5.4 billion) per annum by next year, said an industry expert. Nigel Hall, the newly appointed More… |
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ME firms ‘eyeing Qatar construction boom’Companies in the Middle East region’s construction segment are looking towards playing a major role in Qatar’s current construction boom, said the organisers of a major construction show for Qatar and the GCC. Organised by the IFP Group, t More… |
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Construction boom 'heats up district cooling market'District cooling is fast emerging as the most viable cooling solution in the Middle East, where temperature frequently exceeds 45 degree Celsius and AC requirements consume 70 per cent of the power during peak demand, according to a study. More… |
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US firms eye ME building boom to flee recessionAmerican manufacturers of plant, machinery and construction vehicles are looking to the building boom in the Middle East to hedge their stocks against the continuing recession in the United States. Indicative of the troubles in the US con More… |
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UAE steel prices surge 15pcSteel prices in the UAE have risen about 15 per cent so far this month as a construction boom in the GCC oil exporter has drained the building materials market, traders said. A tonne of reinforcing steel bar (rebar), used in construction, More… |
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Construction boom spurs insurance industryWith the construction industry across the region booming so is the associated insurance industry that underwrites risk for the construction and engineering for projects. And Bahrain is positioning itself as the leading centre for this typ More… |
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GCC construction boom 'hits basic resources'The enormous growth in the construction industry across the GCC has put a tremendous strain on basic resources, mainly building materials, equipment and labour. According to Meed, the business intelligence group, the total value of curren More… |
