Construction

GlobalData tracks large-scale construction projects in all sectors, and following a recent assessment of project pipelines in major cities worldwide, it has compiled a listing of 50 “Construction Mega Cities” for 2019, each having a pipeline of projects with an investment value above US$30bn. The combined value of the project pipelines in these cities stands […]

Construction of a new airport that will serve Phnom Penh is on track and could be completed as early as 2023, the developer said. Pung Kheav Se, chairman of the Overseas Cambodia Investment Corporation (OCIC), the company behind the project, said they are now building the foundations of the airport, conducting an environmental impact assessment,

During The Big 5, which runs from 25 to 28 November at Dubai World Trade Centre, Dubai Chamber of Commerce and Industry revealed at a briefing session that currently 4,792 construction projects were active in Dubai, which covers 42% of the total projects in the UAE. The report said that a majority of Expo 2020

Construction of the Iconic Tower in Egypt’s new administrative capital has began. Housing Minister Asem al-Gazzar revealed the report and said that foundation works has commenced. The Iconic Tower is one of several Dubai-style mega projects being built in the new administrative capital. The base of about 18,500 cubic concrete and 5000 tons of reinforced

Construction activity in the Middle East and North Africa (MENA) region has been relatively sluggish and is forecast to grow at 3.3 percent in 2019. However, after a lacklustre 2019, construction growth in the region is forecasted to steadily improve in the next four years, to reach 4.9 percent by 2022-2023, data and analytics company

An Entertainment District is set to be constructed in Egypt at a cost of US $20bn. This is after ATIP New Capital Entertainment (ATIP Entertainment) won a contract from the Administrative Capital for Urban Development (ACUD) for the development. The contract entails providing design, entertainment technology and management for the project. The Entertainment District, spanning 4,256 acres,

Although global economy shows signs of a slight slowdown, the construction industry continues to grow moderately, with positive outlook, according to Deloitte Global Powers of Construction (GPoC) annual report. Indeed, in 2018, total sales of the top 100 construction giants increased by 10% – with 45 of them recording double-digit growth rates. Chinese companies continue

Saudi Arabia is developing its coastline as part of plans to transform the economy and cut its reliance on oil. The project will cover 90 islands and 28,000 square kilometres (11,000 square miles). The kingdom is also developing a cultural, sports and entertainment city, a $500 billion futuristic city, known as Neom, and a luxury

Respondents from the Big 5 construction show survey have revealed that “strong competition” and “cost-driven decision making” will be regarded as the main challenges for the next 12 months. Selections of the findings were released ahead of the report’s full publishing in November 2019, and data from the survey has showed that members of the

Strategic work on Saudi Arabia’s Public Investment Fund-backed (PIF) futuristic Neom gigaproject will complete by the end of 2019, chief executive officer of the project, Nadhmi Al-Nasr said during a tour of the development by 160 diplomats, adding that construction work on Phase 1 of Neom, worth $500bn had been completed. He added: “By the end