Upbeat sentiment for MENA construction industry
Despite low oil prices, MENA's construction sector remains optimistic with 960 major projects in the pipeline, ranging across the residential, commercial, healthcare, hospitality, smart buildings and education sectors, according to the IDE, organisers of the upcoming RESCOM Summit Middle East.
"We see positive market fundamentals in 2017, including infrastructure investment and connectivity, offering potentially good prospects in the real estate market for well-specialised developments to continue their growth path," said Ganesh Babu, IDE's director of India and the Middle East.
The inaugural Summit in Doha aims to address the latest developments and challenges in the construction, architectural, interior design, engineering and technology segments in the property sector in the Gulf and the wider Middle East. It will run from September 27 to 29.
Source: Trade Arabia