FINANCIAL NEWS

Construction sector on the rise in ME

04 Sep 2013

(MENAFN) The construction sector in the Middle East is expected to grow by 19 percent this year, The Peninsula reported.

A statement released by Aldes Middle East, a provider of ventilation and fire fighting solutions, said that the total value of completed projects in the region so far this year hit USD81.6 billion. Additional projects worth USD64.5 billion are to be awarded before the year’s end.

Aldes has been an aggressive player in the region securing multiple contract wins. “Aldes has set its focus on the world”s emerging markets, particularly Middle East, whose construction segment has demonstrated continuous growth and resiliency,” Aldes international manager, Morane Rey-Huet, said.

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