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.
Malawi has more than $12 billion of active projects. With the onset of the COVID-19 pandemic, PPP as a means to procure much-needed infrastructure has received a lot of impetus in Malawi.
Uganda has a population of just over 47 million. Although Uganda exports power to neighbouring countries, less than 30 per cent of the population has access to reliable electricity.
Mozambique’s real estate sector has substantial investment opportunities. However, current security concerns in the Cabo Delgado province affect the country’s risk profile.
Infrastructure development key to Morocco’s economic growth Morocco is investing billions in new infrastructure and key sectors to boost economic recovery and growth. A third of this investment will go towards its energy sector followed by the water sector with thirty...
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