Thursday, April 24, 2008

Realty projects in Gulf Countries exceeds Dh.8.8trillion

The real estate projects that are underway in GCC have cross Dh.8.8trillion mark, according to an industry research.

Real Estate Projects in Gulf
The figure has been arrived at, taking into account all additional developments (even in their concept stage) that are currently happening in the GCC, which accounts for a total of 3,519 projects worth Dh.9.27 trillion.

Majority of these developments are happening in the Saudi Arabia and UAE.

The biggest project under construction in the region is the 'King Abdullah Economic City' at Saudi Arabia, worth Dh.440.4 billion, followed by the 'Dubailand' in Dubai, which is valued at Dh.403.7billion, and thereafter the 'Silk City' real estate project worth Dh.315.6 in Kuwait.

In the light of such massive construction activities, the 2008 edition of Hardware and Tools Middle East will be held at the Dubai International Convention and Exhibition Center between 25th and 27th of May 2008. The exhibition is worth visiting for construction companies, realty firms, maintenance firms, buyers, and contractors from across the region.

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