The outlook for Dubai’s construction industry looks positive for 2017 as 4,000 active construction projects worth $313bn are currently underway, a new report revealed.
With more than 3,200 active projects amounting to a combined estimated value of over $245bn, the city is expecting 187 projects valued at $32.4bn in the transport sector alone, according to data from BNC’s Construction Analytics report.
As for the utilities industry, 203 projects valued at $24.3bn are expected, with 377 industrial projects valued at $5.8bn, and 12 projects in the oil and gas sector totalling $4.6bn, Arabian Business reported.
Some of Dubai’s current multi-billion-dollar projects include Dubai Metro Red Line Extension, which is a part of the Expo 2020 initiative, Container Terminal 4 of the Jebel Ali Port Expansion project and the Royal Atlantis Resort and Residences located in Palm Jumeirah.
Construction Week Online.