The Middle East has more than $150 billion of active rail projects. More than a third, or 35%, are in Saudi Arabia. Iraq is in second place with 28% or $43 billion of active rail projects. Oman is in third place with 18% or $27 billion of rail projects.
$592 billion of active transport projects in the Middle East
Saudi Arabia is leading the Middle East with 52% active transport projects. More than half of the $592 billion active transport projects are currently under construction.
UAE leading Middle East with five new Museums
With a total investment estimated at almost $2 billion, the Abu Dhabi has set its sights firmly on becoming the cultural capital in the Middle East.
Top 5 Leisure Developers in the Middle East
The Middle East have more than $41 billion in active leisure development projects. Tourism has become a significant focus for Middle East countries whose economies traditionally relied heavily on hydrocarbon exports as a means of diversification.
$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.
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.
7 companies & Nigerian government reaffirm commitment to support the goals of the CEDI
According to a US State Department September 2022 press release, the government of the Federal Republic of Nigeria has signed a letter of intent with seven companies in Lagos.
IMF to disburse SDR 24.44 million to help the Republic of Madagascar with economic recovery
According to an International Monetary Fund (IMF) September 2022 press release, the IMF will disburse SDR 24.44 million (approximately US$31.9 million) to the Republic of Madagascar.
The Lusophone Development Compact will receive a €400 million boost from the Portuguese government and the AfDB
According to an African Development Bank (AfDB) September 2022 press release, the AfDB and Portugal have signed a €400 million guarantee agreement to finance private sector initiatives and public-private partnership (PPPs) projects in Portuguese-speaking African member countries.
IMF Extended Credit Facility (ECF) arrangement of SDR 978.2 million for Zambia
According to an International Monetary Fund (IMF) August 2022 press release, the Fund’s Executive Board recently approved a 38-month SDR 978.2 million (US$1.3 billion) Extended Credit Facility (ECF) arrangement for Zambia.
International Finance Corporation celebrates 60 years of partnerships in Tunisia
The International Finance Corporation (IFC) celebrates a successful 60 year partnership with Tunisia during August 2022. The IFC has investments worth $1 million in key sectors of the economy.
GasMeth project in Rwanda to reduce country’s carbon emissions
According to an Afreximbank August 2022 press release, the GasMeth compressed natural gas project in Rwanda is estimated to be worth over USD 300 million.
€145 million credit agreement signed for the construction of the Togo Adétikopé industrial platform
According to an Afreximbank August 2022 press release, Afreximbank, Ecobank Togo, and BIA Togo have signed a credit agreement worth €145 million for the construction of the Adétikopé Industrial Platform infrastructure.
Addressing project delays in Uganda with a new digital data collection tool
According to an African Development Bank (AfDB) August 2022 press release, addressing the delays in AfDB-funded projects in Uganda and accelerating project implementation will now be possible.
Togo receives €16.2 million in funding to promote affordable and clean energy
According to an August 2022 International Finance Corporation (IFC) press release, energy supplier, Zener SA will receive €16.2 million from the IFC to promote affordable and clean energy in Togo by helping the country build more liquefied petroleum gas (LPG) storage terminals and equip more filling stations with LPG cylinders and solar kits.
Is Egypt open for business or is foreign investment scuppered?
Egypt is most certainly open for foreign investment. As part of the country’s attempts to boost foreign investment, the Egyptian government recently announced that it has granted a special golden licence to foreign investments in specific industries.
Export Bahrain signs MOU with the Bahrain Development Bank
Export Bahrain has signed a Memorandum of Understanding with the Bahrain Development Bank (BDB). According to a July 2022 BDB press release, the MOU will provide further export services to Bahrain-based companies in the form of preferential rates when obtaining financial support.
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