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.
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.
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.
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
Qatar’s Public Works Authority ‘Ashghal’ announced that work had started on the construction of seven new healthcare projects with a total value of QR1.2 billion ($330 million).
The contracts include the construction of additional operation rooms at Hamad General Hospital, in addition to five healthcare centres at Al Nuaim, Al Muntazah (Rawdat Al Khail), Al Karaana, Al Roda and Al Ghuwairiyah, and the construction of a health and wellness centre in Umm Slal.