18 Jan 2015
(MENAFN) According to a new report released by EC Harris, the global built asset consultancy firm, Qatar topped the list as the country with the highest construction cost in the Middle East, followed by the UAE and Saudi Arabia, Arabian Business reported.
The ARCADIS International Construction Cost study said that construction costs have been affected by currency fluctuations, commodity prices and increasing in demand for developments, though since Gulf currencies are closely tracking the US dollar, the impact of these fluctuations on Gulf countries has been limited
The report added that in the Gulf region, costs remain relatively modest despite high levels of investment in transport infrastructure, such as the USD200 billion GCC rail network, as well as Qatar’s preparations for the FIFA World Cup in 2022 and Dubai for the World Expo in 2020.
“What remains to be seen is what impact the ongoing instability in the Middle East and recent weakness in oil prices will have on spending plans and, consequentially, pricing. The Gulf region is less impacted by fluctuations in global currencies as market constraints are driving inflation and price movements,” the report said.r
02 Jul 2025
BBK launches the largest-ever Al Hayrat Prizes, offering BD 5 million to over 2,000 winners
12 May 2025
Alsharifi: “Proud of our strategic partnership with the Royal Humanitarian Foundation”
04 May 2025
BBK offers exclusive Mortgage Loans for luxury villas and apartments on Reef Island
30 Apr 2025
BBK discloses its financial results for the first quarter ended 31st March 2025
25 Mar 2025
BBK’s General Assembly Approves 35% Cash Dividend Distribution to Shareholders
12 Mar 2025
Mr. Yaser Alsharifi completes Harvard Business School Presidents’ Program in Leadership
This website uses cookies to ensure you get the best experience and by clicking “I Accept” below, you consent to the use of cookies. Learn more