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The UAE government authorized a budget for 2024 of AED64.1 billion ($17.5 billion), an increase of 1.6% over the previous year 2023. Dubai’s Roads & Transport Authority (RTA) approved a total of ten Dubai projects worth AED2.5bn ($680m) under the PPP scheme for 2024-26. Over the forecast period, the UAE’s construction industry is expected to… Continue reading Top 22 Construction Projects in UAE
The state of Saudi Arabia’s construction market What is the current state of Saudi Arabia’s construction market, who are the main players, what are the major projects and how will the economy grow in the years to come. Take a look at what Ventures Onsite has to say about the state of the KSA construction… Continue reading The state of Saudi Arabia’s construction market
State of the UAE’s Economy The UAE is making remarkable progress in sustaining its economic growth as it recovers from the effects of the pandemic. Under Abdulla Bin Touq Al Marri’s leadership, there are plans to grow by 5% – 6% this year and continue that trajectory throughout the coming decade with ambitions for doubling… Continue reading United Arab Emirates construction market in 2022
The GCC and the tallest buildings and construction projects There are very few regions in the world that can compete with the GCC region in terms of either height or volume of skyscrapers. Led by cities such as Dubai, Riyadh, Abu Dhabi, Jeddah, and Doha, the GCC region has witnessed enormous growth in large-scale construction… Continue reading The GCC and the tallest buildings and construction projects
Qatar’s economy and FIFA 2022 Qatar is registering strong economic growth backed by a rebound in domestic demand, higher hydrocarbon prices, and hosting the 2022 FIFA World Cup. The Qatar government’s robust governance during the pandemic has helped reduce the negative impact of the pandemic and facilitate recovery. The International Monetary Fund (IMF) has predicted… Continue reading Qatar World Cup Construction
Saudi Arabia offer diverse construction projects Saudi Arabia has become a major player in the global construction industry, offering investors lucrative opportunities to capitalize on its big infrastructure projects. As one of the largest and most diversified construction markets in the region, Saudi Arabian authorities have invested heavily into different building ventures over recent years… Continue reading The global construction industry and Saudi Arabia
Green initiatives and renewable energy projects increase in the MENA A green energy revolution has been sweeping through the Middle East and Africa in recent years, and green hydrogen projects are emerging as an extremely promising renewable energy resource. By harnessing green hydrogen from resources such as solar or wind power, economies in this region… Continue reading Green energy construction projects in the Middle East and Africa
Ventures Onsite Construction News Update In the news this week ALEC develops Wynn Resort in RAK In UAE, 2 contractors have been appointed for the development of the Wynn Resort in Ras Al Khaimah by Marjan, which is developing the integrated gaming resort in partnership with RAK Hospitality Holding and Wynn Resorts. ALEC Engineering and… Continue reading Red Sea Ports Authority signed a contract
Qatar has undergone a significant transformation over the last decade to host the 2022 FIFA World Cup, one of the largest sporting events in the world. The country has invested billions of dollars in infrastructure, transportation, and hospitality to welcome millions of fans and players from around the globe. However, the impact of the World… Continue reading Building a Legacy: Construction in Qatar Post FIFAWorld Cup
Ventures Onsite Construction News Update In the news this week Gates Developments launches Commercial Complex Egypt’s real estate company Gates Developments has announced the launch of its latest project, Space Commercial Complex, in Sheikh Zayed in West Cairo. The project’s total investment is worth nearly US$162 Mn and is built on an area of 6-8… Continue reading Deyaar launches Mar Casa
