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Abu
Dhabi:
The changing skyline of Abu
Dhabi will soon have new names added to its existing landmarks. As plans on
more and more project take shape on paper, there's an equal number taking shape
on the ground. Multi Billion Dollar projects have been recently unveiled.
Abu Dhabi is the capital of
the United Arab Emirates, as well as the Abu Dhabi emirate itself. The city is
located on a scorpion-shaped island in the Arabian Gulf, southwest of Dubai.
Before the discovery of oil
in the early 1960s, Abu Dhabi was a small village. Today this metropolis is a
harmonious blend of the modern world and traditional Arabian culture, with its
striking glassy skyline on the Corniche forming a backdrop for an oasis-like
city full of mosques, shopping malls, cultural centers, and luxury hotels. Wide
tree lined roads, large gardens, and green boulevards contrast with the
surrounding desert, and many of the roundabouts feature clock towers, giant
coffee cups, or other concrete replicas of traditional Arabic artifacts
Bahrain:
Bahrain's construction
sector is upbeat with numerous projects under way and on the drawing boards.
Resort-style and commercial developments hold fort and will keep the industry
active.
The Kingdom is awash with
new projects - both from the public and the private sectors. And an even wider
spectrum developments are on the drawing boards, right from mega cities to
hospitals and road construction.
Dubai:
Dubai is rapidly being
transformed into a lifestyle destination to rival any international city in the
world. With the shear volume of superlatives; 'the tallest..., the longest...,
the largest...', Dubai is the 'can do' place of the world today and will be a
choice destination of the world tomorrow.
Iraq:
The Iraq economy is
currently in a transition state from a strictly government-controlled system to
a free market system. Several years of war and sanctions have taken their toll
on Iraq’s infrastructure. Substantial investments are urgently required in the
sectors of oil and gas, electricity, ports and telecommunications. Foreign and
private investments have been eagerly invited to finance these reconstruction
projects, for which the CPA, the Iraqi Interim Government and the US federal
bodies, such as USAID, are organizing and awarding contracts. The total costs
for Iraq's reconstruction, based on UN/World Bank and CPA estimates, will
amount to approximately USD56bn.
Kuwait:
Kuwait has the world's fifth
largest oil reserves and is one of the richest countries in the world per
capita. Planned projects in Kuwait are worth close to US$300 billion. The
prospects for those actively seeking commercial advantage in Kuwait’s
developing project market are numerous.
Libya:
Libya’s economic progress is
dependent on overseas technology and expertise for the expansion, upgrading and
modernisation of its vital infrastructure. This is central to an ambitious
multi-billion dollar National Development Plan which has a US$14 billion
allocation for 2009 alone, representing 60% of the total annual budget.
Priority sectors include
building and construction; transport and communications; water and environment;
power and electricity; and safety and security. Libya also has potential to
expand its tourism industry as it has almost 2,000 KM of prestige coastline and
Leptis Magna, the best archaeological persevered roman city anywhere outside of
Italy.
Oman:
Oman's image amongst
travelers is also encouraging. "The acknowledgement of Oman as being a
premium Gulf state, in terms of the image it has amongst travelers, It has
culture, it has history, it has an amazing nature, it's on the Indian Ocean,
not just some locked-up sea. And it has one of the beautiful deserts and
mountains."
Qatar:
Qatar's construction is
highly buoyant, given the multitude of big-ticket projects unfolding in various
sectors - industrial, commercial, real estate and tourism. Qatar boasts the
highest per capital income in the Middle East, is hitting headlines
continuously with massive investment plans - many of them in the range of
billions of dollars.
While the rest of the Gulf
is seeing a boom in real estate development, Qatar is witnessing tremendous
growth in every area of the construction sector - commercial, residential,
tourism, industrial and infrastructure.
Saudi
Arabia:
Saudi Arabia is the world’s
largest producer and exporter of total petroleum liquids and is currently the
world’s second largest crude oil producer behind Russia. The Kingdom of Saudi
Arabia is currently undergoing major infrastructure upgrades and mega projects
including the construction of several new cities as well as new rail and road
networks. Current planned projects in Saudi Arabia are worth over US$400
billion.
Other countries covered
include China, Ireland, UK
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