$44b worth of construction projects in UAE in 2013

A total of $44 billion worth of projects were awarded in the UAE in 2013, with more than 60 per cent of the awards in the construction sector, according to MEED Projects, an online business development and market analysis tool.

?Not only is this a 37 per cent increase on the 2012 awards, but over $10 billion worth of projects have resumed construction activity during 2013,? said Julian Herbert, director of MEED Projects, during the company?s first quarter briefing.

He added that the UAE was second to Saudi Arabia?s $66 billion.

The oil sector was the second most active sector with just over 21 per cent $9 billion of awards, followed by the transport sector with eight per cent $3.5 billion.

via $44b worth of construction projects in UAE in 2013 | GulfNews.com.

Share