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FINANCIAL NEWS
GCC region witnesses rapid economic development
12 Jan 2017
(MENAFN) According to a report, Dubai, Abu Dhabi and Doha have emerged as the main three real estate markets in the GCC region.
In addition, the GCC area has witnessed rapid economic development and demographic changes, involving the influx of expatriates, which grew the region’s population.
Moreover, the upcoming Expo 2020 in Dubai and FIFA 2022 in Doha had buoyed the demand for amenities and world-class infrastructure.
In the UAE, the real estate services sector employed almost 821.560 people, almost 18.6pct of the whole workforce and in 2015 the sector contributed 13.3pct to GDP.
M
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