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FINANCIAL NEWS
UAE tops construction market with $714b
09 Aug 2010
(MENAFN) A study conducted by the Dubai Chamber of Commerce and Industry revealed that the UAE has the largest share of the construction market among other Gulf states with a value of $714.8 billion, Gulf News reported.
According to the study, Saudi Arabia followed at second place as the most active market in the GCC with $283.8 billion worth of construction projects in the planning stage.
The study also said that the construction projects in the UAE were currently either in in the pipeline or currently being built.
The study said that the construction sector was expected to rebound next year. Developers in the UAE were expecting a more promising 2011, it said.
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