Construction Industry News

Construction cost in UAE predicted to grow by 2% in 2019

Construction cost in UAE predicted to grow by 2% in 2019

12th April 2019

According to *Constructionweekonline news report, Middle East construction news of relevance to procurement teams has emerged as building costs are predicted to observe an upward trend in 2019, with the strongest growth forecasted for Saudi Arabia’s capital city Riyadh at 5%, followed by the UAE at 2%, according to UK-headquartered Turner & Townsend.[..]

Read more

South Africa to receive US$ 300 mn boost from the DBSA and NDB

South Africa to receive US$ 300 mn boost from the DBSA and NDB

12th April 2019

According to *Constructionreviewonline news report, South Africa is set to receive US $300 mn boost from the Development Bank of Southern Africa (DBSA) and New Development Bank (NDB) after they signed a loan agreement to facilitate the Greenhouse Gas Emissions Reduction and Energy Sector Development project in the country.[..]

Read more

Oman’s construction industry faces price war, says Aaron Hennessy

Oman’s construction industry faces price war, says Aaron Hennessy

12th April 2019

According to *Constructionweekonline news report, Oman’s construction industry – which has a pipeline of projects worth $259.6bn (OMR99.8bn) – is facing a price war as contractors quote lower bid prices on tenders, with the aim of securing work as opportunities dry up, Douglas OHI's boss, Aaron Hennessy, said.[..]

Read more

Hilton expands reach in Saudi Arabia with nearly 2,000 rooms

Hilton expands reach in Saudi Arabia with nearly 2,000 rooms

11th April 2019

According to *Constructionweekonline news report, American hotel giant Hilton has expanded its reach in Saudi Arabia, adding nearly 2,000 rooms in the kingdom through its latest management agreement with Umm Al Qura for Development and Construction Company.[..]

Read more

First 1 2 3 4 5 6 7 Last