UAE infrastructure projects worth US $105 billion

New roads and other infrastructure projects worth $28.5 billion are currently being built across the UAE.

The UAE has almost US $105 billion (AED386 billion) worth of infrastructure projects being planned or under construction, it has been reported.

Projects worth $28.5 billion are currently being built across the country, while others worth $76.9 billion are in the planning stages, Emirates Business reported.

"There is actually no better time for the governments to plan their infrastructure projects,” Mohammed Younis, head of infrastructure for Hyder Consulting, told the newspaper.

“With prices of materials coming down and easy availability of contractors, there is an excellent opportunity to invest now,” he said.

Figures, released by Ventures Middle East, showed the UAE has the highest cost of infrastructure projects being planned or under construction in the GCC.

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Next is Saudi Arabia with a total of $68.2 billion of infrastructure projects, of which $17.9 billion are currently being built and $50.3 billion are being planned.

Qatar, Kuwait, Bahrain and Oman combined are estimated to have $70 billion worth of infrastructure projects.

"While Qatar has almost $13bn worth of infrastructure projects under construction, Kuwait's infrastructure projects amount to just $2.9bn. However, Kuwait has planned more than $24bn worth of projects during the coming years," said Mibu John, syndicated research director, Ventures Middle East.

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