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FINANCIAL NEWS
UAE deal awards to reach USD45bn this year
07 Aug 2017
(MENAFN) The UAE will see a 5 percent increase in new construction contract awards by the end of the recent year.
Moreover, the latest Construction Intelligence Report produced by the firm shows that USD22bn worth of awards were made, while the total amount due to be awarded this year will be USD45bn.
Accordingly there is cause for optimism in the UAE, particularly as awards are historically weighted towards the final quarter of the year.
Meanwhile, potential awards that could come to market in the second half of the year involve a number of main packages at Emaar Properties’ Dubai Creek Harbor site.
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