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Volume of construction projects in UAE crosses $1.2 trillion
ABU DHABI - A recent study showed that the volume of construction projects in the UAE is estimated at USD1.249 trillion, with buildings taking the largest share of USD 871.6B.
The energy projects, which included oil and gas, petrochemicals and water and electricity took a share of $190.9B.
The volume of infrastructure development, including roads, bridges, railways, sanitation and ports, stood at $ 187.2B, according to the study carried out by Ventures Middle East.
The report published in the run-up to the Infrastructure Arabia Summit also predicted a 21.57pc rise in the value of contracts to be concluded in the current year in comparison to the preceding year.
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