MENA – $726 billion construction and public works underway

With an estimated $726 billion of projects expected to be underway in 2010, the MENA region’s construction industry is still making progress. Alan Mackie reports

The inauguration of the world’s tallest building in Dubai on 4 January, the $1.5 billion, 828-metre-high Khalifa Tower, took place amid the debris of the property crash – a half-built $20 billion real estate development scheme for Downtown Dubai, which may now take many years to complete. It is in the nature of such booms and busts that pioneering projects such as the Khalifa Tower take time to come into their own…read more 

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