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
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.
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.
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.
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.