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Construction projects value surpasses USD818b in UAE
(MENAFN) The value of contraction projects in the UAE has exceeded USD818.2 billion in November 2017 with 11,755 active projects, according to the latest UAE Construction Analyst report.
As the second largest Arab economy, this makes the UAE the largest construction market in the Arab World and the Mena region, the Emirates official news agency Wam reported.
"The UAE's 11,755 construction projects constitutes 52 percent of 22,680 active construction projects in the GCC and in terms of value, these projects account for 33.6 percent of the total estimated value of the GCC construction projects, worth USD2.43 trillion," Avin Gidwani, chief executive officer of BNC Network said.
As the second largest Arab economy, this makes the UAE the largest construction market in the Arab World and the Mena region, the Emirates official news agency Wam reported.
"The UAE's 11,755 construction projects constitutes 52 percent of 22,680 active construction projects in the GCC and in terms of value, these projects account for 33.6 percent of the total estimated value of the GCC construction projects, worth USD2.43 trillion," Avin Gidwani, chief executive officer of BNC Network said.
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