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$41 billion of active Leisure projects in the Middle East
Saudi Arabia leads the Middle East Leisure development sector with 53% or $22 billion in active leisure developments. The UAE is in second place with $17 billion. In 2023, the leisure sector will create 185,000 jobs for labourers while constructing world-class hotels and theme parks.
Top 10 Real Estate Developments in the Middle East
Saudi Arabia leads the Middle East when it comes to real estate developments slated to break ground in 2023. Six of the top 10 real estate developments are in Saudi Arabia, and four of the top 5 developers. The Middle East has more than 100 developments with a combined value of over $100 billion that will break ground in 2023.
Massive Saudi real estate projects impact supply chain
At the start of 2023, the real estate construction market in Saudi Arabia has grown to an astounding $633 billion of active projects. This total excludes mega projects.
Real Estate construction in the Middle East exceeds $2 Trillion
Saudi Arabia can expect a third of the contract awards in the Middle East's real estate sector. The Middle East's real estate sector will account for 53% of all project awards during 2023.
Norfund and KLP to invest USD in CrossBoundary Energy
According to a July 2022 press release, the Norwegian Investment Fund for Developing Countries (Norfund) and Norway's largest pension company, KLP, will jointly invest USD 40 million in equity in CrossBoundary Energy (CBE) to help the company expand its renewable energy solutions for businesses in Africa.
Innovation for transformation: how technology can change socioeconomic outcomes
ABiQ outlines how technology can change socioeconomic outcomes.
Technology advances at an exponential pace, every day. Technology has the potential to drastically change socioeconomic outcomes, especially in underdeveloped countries.
How does infrastructure development support economic development in fragile economies?
ABiQ outlines how infrastructure development supports economic development in fragile economies.
5 ways to strengthen African capacity for development
ABiQ outlines 5 ways to strengthen African capacity for development. Africa is the land of opportunity. Africa is a continent rich in natural resources and home to an abundance of untapped opportunity waiting to be utilised.
How do global economies depend on the UAE oil fields?
ABiQ outlines how global economies depend on the United Arab Emirates (UAE) oil fields. The UAE is made up of seven emirates, including: Abu Dhabi, Ajman, Dubai, Fujairah, Ras Al-Khaimah, Sharjah and Umm Al-Quwain.
Investment Index: Top 5 Middle Eastern countries by foreign direct investment (FDI)
In this article, ABiQ outlines the top 5 Middle Eastern countries by Foreign Direct Investment (FDI). In recent years, the Middle East has increased regional efforts to enhance its investment landscape.
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