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FINANCIAL NEWS
GCC eyes sustainable development to back USD2.87t construction projects
16 Feb 2015
(MENAFN) GGC countries aim at sustainable and environment-friendly developments due to the region’s construction prosperity on the back of social infrastructure expenditure, Saudi Gazette reported.
Projects valued at USD2.87 trillion are set in the plan with real-estate projects worth USD1.53 trillion under construction.
According to experts, high expenditures on social infrastructure and improved use of outdoor space are key factors in motivating the construction market.
Sustainability also plays a vital role to Saudi market, and the GCC is witnessing drastic changes in how developers approach the market and make use of outdoor space, Landscape Architecture Manager at Dar Al Riyadh said in a statement.
“We are trying to create outdoor environments that are comfortable for people to visit, places where people are comfortable to sit, and where you have given a reason for people to come and use that public space,” the manager added.
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