UAE HÍREK

GCC food import bill to touch $53.1 billion by 2020

The restrictions imposed by agriculture producing countries on the export of food grains have caused an estimated over $50bn over the last four to five years.

 

Due to the controls on food exports, the wheat importing countries must have caused an extra payment of $21.5bn and rice importing countries must have paid at least an additional $19bn after the producing countries imposed restrictions on the exports.

 

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

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.

 

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.

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.

 

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