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FINANCIAL NEWS
UAE construction market’s projects value hit USD299b in 2014
18 Aug 2014
(MENAFN) The construction market in the UAE is expected to remain strong with the total value of the projects reaching to almost USD299.39 billion this year, Emirates 24/7 reported.
During this year, the value of announced and planned projects in the UAE is expected to hit USD315 billion. In addition, USD212 billion has been spent on construction projects which are underwork as of this May.
Within the country, the Dubai’s real estate market is being highlighted as the strongest, while Abu Dhabi’s market is growing steadily. However, reports indicate that the capital is intending to increase construction spending in the second half of 2014.
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