A number of new landmark projects and skyscrapers worth $18.85 billion are currently underway in the UAE, according to a new report.
The majority of the projects are being built in Dubai, which accounts for $15.62 billion of the projects, according to BNC Network, which tracks thousands of construction works worth trillions of dollars in the region.
Most of these projects – from hospitality, retail, and entertainment - are either in the construction or tender phase, which will come up between March 2020 to December 2022, said a Khaleej Times report quoting the BNC data.
The projects include Dubai Exhibition City (Expo Village); Meydan One Mall, Royal Atlantis Resort and Residence; Reem Mall, Uptown Tower; Maryah Plaza; ICD Brookfield Place; Dubai Creek Tower; Guggenheim Abu Dhabi; Dubai Eye; Museum of the Future; and Al Qana.
Currently, there are 400 urban construction projects valued at more than $100 million each in tender or under construction stage across the UAE with a total value of over $107 billion, BNC Network was quoted as saying.
TradeArabia News Service