$494 billion worth projects planned in the UAE

The UAE is planning to carry out projects in construction and other sectors worth around $494 billion, accounting for nearly a third of the total projects planned in the region, according to a Gulf business chief.

Read more:$494 billion worth projects planned in the UAE

Construction in Qatar to grow by 19%

The Middle East's construction sector, including Qatar, has been forecast to grow by 19 percent in 2013, with the combined value of completed projects set to reach $81.6bn. And projects worth $64.5bn are set to be awarded before the end of the second half of the year, according to Aldes Middle East, a leading provider of firefighting and ventilation solutions. Given Qatar's immense growth potential of the construction and real estate sector, the company has stepped up its expansion initiative with the planned opening of a new office in Doha.

ifpinfo

5 September

10 new malls coming up in Qatar

At least 10 new malls, four-five shopping centers and three-four hyper markets are planned within Doha and the neighboring areas within the next four years, a report by Al Asmakh Real Estate Development Company (Aredc) indicates.

The highest demand for existing and new outlets has been coming from the garment segment and luxury brand stores. Restaurants and coffee shops come next, says the report.

Read more:10 new malls coming up in Qatar

Doha Metro to have 48 stations

The 131-km Doha Metro Railway will have at least 48 stations and half of the entire facility would be built underground at depths up to 50 meters. In a presentation, Qatar Rail commercial manager Stephen Lines disclosed that the elevated portion of the Metro railway is 48km long. Construction has started this year and it is expected to be completed in 2019.

 

Read more:Doha Metro to have 48 stations

Qatar to invest $200bn into construction by 2022

Qatar plans to invest over $200 billion in construction projects by 2022, a recent Deloitte report has found, as the Gulf Arab country gears up to meet the demands of the 2022 World Cup and beyond.

Read more:Qatar to invest $200bn into construction by 2022

491 ongoing hotel projects in the Middle East

The Middle East and Africa (MEA) hotel development pipeline comprises 491 hotel buildings, which gives a total of 120,795 rooms, according to the June 2013 STR Global Construction Pipeline Report. The total active hotel pipeline data includes projects in the "in construction", "final planning" and "planning" stages, but does not include projects in the 'pre-planning' stage.

Read more:491 ongoing hotel projects in the Middle East

New city to rise within Dubai: Shaikh Mohammad

The new city will feature world class leisure facilities for 35 million visitors

 

WAM

 

Published: 16:07 November 24, 2012

 

Dubai: His Highness Shaikh Mohammad Bin Rashid Al Maktoum, Vice- President and Prime Minister of the UAE and Ruler of Dubai, has announced the establishment of a new city within Dubai, setting new benchmarks in urban development in the region.

 

Read more:New city to rise within Dubai: Shaikh Mohammad

Dubai's Bid for Expo 2020 in numbers

20 million visitors are expected to make 33 million trips to the site

Read more:Dubai's Bid for Expo 2020 in numbers

Emaar apartment sales revenue more than triples

Dubai Developer sees decline in sales revenue from villas, commercial units and land

 

By Deena Kamel Yousef, Staff Reporter

 

Published: 17:30 November 18, 2012

 

Read more:Emaar apartment sales revenue more than triples

MOHAMMAD BIN RASHED CITY DUBAI

By Shane McGinley

 

 

Published: Wednesday, 28 November 2012 3:01 PM

 

 

Dubai will not have to depend on global financial markets to fund large-scale projects announced within the last few weeks as it has access to sufficient funding from within the UAE.

 

The head of Dubai Economic Council told reporters on Wednesday.

 

Read more:MOHAMMAD BIN RASHED CITY DUBAI

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