Error message

  • Warning: mysqli_connect(): php_network_getaddresses: getaddrinfo failed: Name or service not known in include() (line 276 of /var/www/www.monocodebase.com/htdocs/sites/default/settings/www.constructionweekonline.com.settings.php).
  • Warning: mysqli_connect(): (HY000/2002): php_network_getaddresses: getaddrinfo failed: Name or service not known in include() (line 276 of /var/www/www.monocodebase.com/htdocs/sites/default/settings/www.constructionweekonline.com.settings.php).
  • Warning: mysqli_close() expects parameter 1 to be mysqli, boolean given in include() (line 300 of /var/www/www.monocodebase.com/htdocs/sites/default/settings/www.constructionweekonline.com.settings.php).

6.9% annual growth for MEA construction, says CIC

Construction Intelligence Center (CIC) predicts that Middle East and Africa (MEA) region’s construction sector will grow by an average of 6.9% annually in 2016-20

CIC contends that projects like the GCC Railway Network and Jeddah’s Kingdom Tower will drive regional growth.
CIC contends that projects like the GCC Railway Network and Jeddah’s Kingdom Tower will drive regional growth.

The Middle East and Africa (MEA) region’s construction industry will grow by 6.9% annually in 2016-20, according to Timetric’s Construction Intelligence Center (CIC).

The predicted rate of growth, which is higher than the 4.9% average achieved during the period 2011-15, is expected to be driven in large part by regional investment in major infrastructure initiatives.

Sina Zavertha, economist at CIC, said: “Much of this will be driven by massive investment in infrastructure, particularly rail networks; both mass transit metro systems in major cities and intra-regional rail links.”

In addition, the research outfit identified a series of developments, including Jeddah’s Kingdom Tower and Dubai’s Marina 101, as important skyscraper projects currently underway in the region.

CIC added that aside from infrastructure spending, multimillion dollar residential and commercial projects in GCC countries like Saudi Arabia, Qatar, and the UAE, would contribute significantly to industry growth.

Most popular

Awards

CW Oman Awards 2020: Meet the winners
A round of the thirteen winning names at the Construction Week Oman Awards 2020 that

Conferences

Leaders UAE 2020: Building a sustainable, 'resilient' infra
AESG’s Phillipa Grant, Burohappold’s Farah Naz, and Samana's Imran Farooq on a sustainable built environment
CW In Focus | Inside the Leaders in KSA Awards 2019 in Riyadh
Meet the winners in all 10 categories and learn more about Vision 2030 in this

Latest Issue

Construction Week - Issue 767
Sep 01, 2020