The economy of the UAE is expected to grow by three per cent this year, compared with 4.3 per cent in 2014 according to UAE central bank estimates. HE Mubarak Rashid Khamis Al Mansoori, governor of the UAE central bank, also said earlier, that the Emirates will reconsider any investments deemed unnecessary, according to Reuters. The…
Turkey’s booming economy has thrown up $350 billion worth of active project opportunities that GCC contractors and consultants can seek out. New research from MEED Projects shows that accelerated investment in its infrastructure program has led to $135bn worth of projects in the transport sector, which includes railways and roads. This is followed by the…
In the last two weeks, investments from some of the biggest technology companies have raised an important question: Have they gone crazy? The short answer is: Probably not. The reasons show just how big their ambitions have become. First, Qualcomm, which makes semiconductors for smartphones, invested with Richard Branson’s Virgin Group on a constellation of…
Emerging headwinds could slow progress in the global Sukuk markets compared to 2014, even though 2015 is likely to be a solid year overall believes Standard & Poor’s. Sukuk issuance reached $116.4 billion in 2014 compared with $111.3 billion in 2013 according to Zawya estimates, and S&P expects total issuance to cross the $100 billion…
The planned rail network connecting the GCC – a potentially transformative project pegged to give a massive boost to intra-GCC trade – needs $200 billion in investments. Speaking at the GCC Rail and Metro Conference 2015, currently underway in Muscat, His Excellency Dr. Ahmed Bin Mohammed Bin Salim Al Futaisi announced: “More than $200 billion…
It is boom time for UAE’s timeshare properties market. A new report by Arabian Falcon Holidays estimates 30 percent year-on-year growth in the sector in 2014, with demand for timeshares outstripping supply in the UAE. A revival in the economy and burgeoning tourist numbers to the country are fuelling this growth cycle, which is expected…
While macro-economic conditions are improving in GCC countries, investors still remain cautious regarding new real estate projects. Development opportunities will have to be carefully selected, taking into account a developer’s experience and capabilities. “Successfully dealing with increasingly demanding clients, reacting to stronger competitive pressure from skilled international players and getting access to land banks will…
