News

Mena construction sector to grow at fastest pace globally on government spending

The construction sector in the Middle East and North Africa will grow at the fastest pace globally in 2019 as regional governments continue to invest in infrastructure projects and rebuild conflict areas, according to a new report. The Mena construction industry is estimated to grow on an average 7.5 per cent year-on-year in 2019 and

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Construction on Saudi Arabia’s 334km² Qiddiya to start in 2019

Construction on Qiddiya, Saudi Arabia’s planned 334km2 entertainment gigaproject by Public Investment Fund (PIF), will reportedly start this year. Speaking to Riyadh-based news outlet Arab News, Mike Reininger, chief executive officer of Qiddiya, said: “Planning and design were completed in 2018 and will be implemented this year.” An established part of Saudi Vision 2030, aimed at

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Sub-Saharan Africa construction industry to grow 6.8% year on year, says Fitch

The research firm expects the sector to emerge from recession   In its 2019 sub-Saharan Africa construction growth outlook, Fitch says it expects the construction industry in the region to grow by 6.8% year on year, “which will continue over the medium term as investment flows into the region in order to meet pressing infrastructure

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Cambodia: Phnom Penh Port expansion set to boost Kingdom’s waterways shipping

The launch of the 2nd phase of the Phnom Penh Autonomous Port’s (PPAP) container terminal will boost the Kingdom’s waterway shipping through more trade capacity and reduced costs, according to industry insiders. The claims came after the PPAP, listed on the Cambodia Securities Exchange (CSX), officially launched the second step of its container terminal, announcing

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