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There are well over two thousand major construction projects planned or underway in the Middle East, valued by the MiddleEast Economic Digest at more than US$1000 billion. The UAE alone
accounts for some 30% of this value, and growth is being enjoyed across
all types of development: commercial, retail, leisure, residential and
industrial.
In the next ten years approximately 400 new malls are either planned or
already in development across the region, and this new demand will be
supplemented by the refurbishment market of existing retail
facilities.
In the commercial sector, there are also major development plans across
the Middle East. For example, Saudi Arabia is constructing an
Industrial City at an estimated US$3.46 billion, while Bahrain is to
build the Bahrain Trade Centre and Bahrain Financial Harbour at a cost
of US$1.5 billion. There is now 24 million square feet of office space
under development in Dubai, and Abu Dhabi is witness to tremendous
growth as well.
The United Arab Emirates is the regional gateway to a market of 2
billion people, connecting East with West and providing an access point
to the Middle East, Africa and the Sub-continent.
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