Soft demand and margin deterioration likely to continue as market experiences downturn
infrastructure projects
Dubai
Dubai plans to bring 100mph rail system to the emirate
MoU signed between RTA and Skytran to bring suspended transport system to the emirate
economic reforms
Saudi Arabia to raise $36bn for transport infra investment
Saudi Arabia’s transport investments will be in airports, railways, ports and roads
diversify economy
Saudi Crown Prince to launch $425 billion infrastructure plan
The kingdom could sign about 70 deals worth more than $54bn as it diversified economy away from oil sales to build new industries
India
Gulf funds could reap rewards of Indian infrastructure crunch
Indian infrastructure project developers set to rush to tie-up long-term funds for projects
Aljada
Arada awards first infra contract for Sharjah’s $6.8bn mega project
BIC Contracting wins AED103 million deal to construct infrastructure for Phase 1 of record-breaking Sharjah megaproject, with works to begin immediately
Arabtec construction
Dubai’s Arabtec Group continues on profitable path
The company won a number of large project awards in the first six months of 2018.
BMI Research
Oman construction sector the fastest growing in the Middle East
Oman’s infrastructure projects are driving spending in the construction sector, aided by favourable regulations in the sultanate that incentivise foreign investment
Dubai Municipality
Dubai Municipality approved 71% more land for construction in 2017
Total of 10 million square metres of land for construction projects was approved
Bahrain Economic Development Board
Bahrain to complement Saudi Arabia’s economic power, says EDB
The island nation sees itself as Hong Kong to Saudi’s China
infrastructure investment
Oman said to plan $1bn infrastructure fund
Sovereign wealth fund eyes boost to investment in road, transport and energy projects
Dubai Expo
$8bn Expo 2020 Dubai projects ‘driving Dubai infrastructure boom’
$2bn to $4bn invested to develop the Dubai Expo site