Saudi leading energy sector in the GCC with a massive investment in sustainable energy worth more than $160 billion. The UAE is second with $50 billion.
Saudi leading energy sector with $160 billion in projects
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Industrial and mining growth in the Middle East
The Middle East has $33 billion in active industrial and mining projects. Saudi Arabia leads the Middle East with 54% or $17.5 billion in active industrial and mining projects. Oman is in second place with 36%, or $11.5 billion. The UAE has 7% or $2.4 billion in industrial projects.
Growth in the Middle East Healthcare Construction Sector
The Middle East has more than $18 billion of active hospital projects. More than 70% of these new projects are in Saudi Arabia. The UAE is second with 14% of active hospital projects. Of the $18 billion, more than $12 billion is under construction, with the balance, or $6 billion, in the pre-execution phase.
Saudi Airport Projects biggest in the Middle East
Strategically located, the Middle East connects manufacturing nations with consumer nations. Billions move between these nations through transport hubs in the Middle East.
$150 billion Rail Projects in the Middle East
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.
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.
Emirates Development Bank offers free consultancy services to SMEs in the UAE
According to an Emirates Development Bank (EDB) July 2022 press release, the bank, in partnership with Future Factory, has launched a new initiative to provide free consultancy services to SMEs in the UAE operating in the manufacturing, advanced technology, infrastructure, healthcare, and food security sectors.
Emirates Development Bank supports UAE’s economic recovery
Emirates Development Bank (EDB) is supporting the UAE’s post-COVID-19 economic recovery and acceleration efforts with a new AED 100 million facility for SMEs.
Abu Dhabi Exports Office Further Funds ECOWAS Bank for Investment and Development
The Abu Dhabi Exports Office (ADEX) has released further credit funding for the Economic Community of West African States (ECOWAS) Bank for Investment and Development (EBID).
Business intelligence for SMEs in the UAE
ABiQ outlines the benefits of business intelligence for SMEs in the UAE. SMEs can easily obtain hard-to-find verified contact details, including phone numbers and email addresses. Businesses can identify industry trends early. This helps them stay ahead of their competitors.
The United Arab Emirates Construction Industry: 2022 Overview
The UAE construction industry accounts for 70% of all ongoing infrastructure projects listed in the ABiQ database, as of May 2022. The UAE construction industry is estimated to be worth $90 billion USD.
Top 5 Projects in the UAE
The top 5 projects in the UAE are intriguing and inspiring projects. The UAE has a number of active mega projects covering several sectors. Over the last two decades, the UAE has led the way on mega construction projects globally. While most of those megaprojects are now complete, there are still several world-class projects in development.
The Etihad Rail System
The Etihad Rail project was launched in June 2009. The Etihad Rail project is currently around 70% complete. The Etihad Rail System is set to link the principal centres of population and industry of the United Arab Emirates (UAE).
Who are the top construction companies in the UAE?
In terms of market growth, the UAE is the world’s largest construction market making it one of the fastest-growing regions in the world. The UAE construction market is expected to reach a value of USD 40 billion by 2030.
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