Mar 27, 2023

UAE and Saudi Arabia are experiencing a construction boom

According to CBRE, the UAE and Saudi Arabia are leaders in the construction sector in the Middle East.

The total value of real estate projects currently planned or under construction in the GCC region is estimated at 1.36 trillion dollars.

Saudi Arabia accounts for 64.5% or 877 billion dollars, followed by the UAE with 293 billion dollars (21.6%). Bahrain, Kuwait, Oman and Qatar account for 1.7%, 4.4%, 4.6% and 3.3%, respectively.

(Arabian Business, March 27, 2023)