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.
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.
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.
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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.
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.
ABiQ outlines the Top 10 countries by risk ranking in the Middle East. The Middle East has been classified as a high-risk investment environment for a considerable amount of time. The Middle East has experienced varying problems, including political instability, civil conflict, corruption, and financial instability. These factors have previously driven away investors.
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.
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.
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).
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.
On May 18, 2022, the International Organization for Migration (IOM) and UNICEF signed a new Strategic Collaboration Framework (SCF) that aims to uphold and protect the rights of migrant children.
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.
There are a number of billion-Dollar projects set to develop in the Middle East this year and even more over the next few years. These mega projects are expected to significantly improve infrastructure and attract millions of tourists. That being said, there is incredible opportunity within the region, especially when you have the right resources and know where to look.
The latest update of ABiQ’s country risk ranking covers the Middle East and Africa. South Africa drops to 20th position.
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.
ABiQ provides validated data and trusted business intelligence covering Africa and the Middle East. We use our unique forecasting and project tracking tool to track construction companies and their projects in 68 countries across the Middle East and Africa.
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