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Article: Value of Gulf projects still rising.
- Article from:
- Gulf News (United Arab Emirates)
- Article date:
- November 24, 2008
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Dubai: There are more than 250 major civil construction projects up for grabs at this year's Big 5, worth a combined value of around $120 billion (Dh441.36 billion), information shows.
These projects range in value from $12 million to $13.6 billion, with 135 in the UAE and 60 in Saudi Arabia, according to research centre Proleads.
The current value of the 3,813 projects in the Gulf alone tops an impressive $3.4 trillion, mainly in the UAE and Saudi Arabia.
In the wider Middle East and North Africa (Mena) region, construction projects are valued at $4.4 trillion, according to figures from the Big 5.
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