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    Egypt’s agriculture exports rise 17.2 percent in 5 months

    Egypt’s agriculture exports rise 17.2 percent in 5 months

    Egypt secures $66 mln from EU, AFD to expand wheat storage

    Egypt secures $66 mln from EU, AFD to expand wheat storage

    Agreements signed to establish 4 food factories in Jordan

    Agreements signed to establish 4 food factories in Jordan

    Morocco set to launch potash project: report

    Morocco set to launch potash project: report

    Food Africa and pacprocess MEA to launch in December with an even larger area

    Food Africa and pacprocess MEA to launch in December with an even larger area

    Pacts worth over OMR 33 million signed to establish agricultural, fisheries projects

    Pacts worth over OMR 33 million signed to establish agricultural, fisheries projects

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      Number of BIA passengers up by 26.90% annually YTD APRIL 2023

      Number of BIA passengers up by 26.90% annually YTD APRIL 2023

      Qatar’s non-oil sector achieved 9.9% growth in Q4 2022: Prime Minister

      Qatar’s non-oil sector achieved 9.9% growth in Q4 2022: Prime Minister

      International investors keen on entering Saudi market, says minister

      International investors keen on entering Saudi market, says minister

      Egypt aims to enhance contribution of IT sector to GDP: Talaat

      Egypt aims to enhance contribution of IT sector to GDP: Talaat

      Saudi airports witness 42% rise in passengers in first 4 months of 2023

      Saudi airports witness 42% rise in passengers in first 4 months of 2023

      Oman’s annual inflation rate eases to 1.1% in April, lowest since March 2021

      Oman’s annual inflation rate eases to 1.1% in April, lowest since March 2021

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      Oman gears up for its first smart city

      Oman gears up for its first smart city

      Saudi real estate ‘booming’ on big office space demand

      Saudi real estate ‘booming’ on big office space demand

      Value of Saudi construction contracts jump 35% to $51.3bn: report

      Value of Saudi construction contracts jump 35% to $51.3bn: report

      Qatar to implement new strategies for real estate development

      Qatar to implement new strategies for real estate development

      Real Estate Development Fund deposits $248m in Sakani accounts to boost Saudi housing goals

      Real Estate Development Fund deposits $248m in Sakani accounts to boost Saudi housing goals

      Sharjah records 21,486 real estate transactions worth Dh5.9 billion in Q1 2023

      Sharjah records 21,486 real estate transactions worth Dh5.9 billion in Q1 2023

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        Clean energy technology manufacturing market to reach $790bln by 2030: IEA

        Clean energy technology manufacturing market to reach $790bln by 2030: IEA

        Egypt invests $64mln in electricity network development in South Sinai since July 2014

        Egypt invests $64mln in electricity network development in South Sinai since July 2014

        First accredited low-carbon ammonia shipment dispatched from Saudi Arabia to Japan

        First accredited low-carbon ammonia shipment dispatched from Saudi Arabia to Japan

        Oman’s refinery products output jumps by 44%

        Oman’s refinery products output jumps by 44%

        Iraq agrees to 30% stake in TotalEnergies $27bln energy project

        Iraq agrees to 30% stake in TotalEnergies $27bln energy project

        Oman signs $20bn hydrogen deals

        Oman signs $20bn hydrogen deals

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          Qatar: Over 700 hotel keys added in Q1

          Qatar: Over 700 hotel keys added in Q1

          Jordan’s tourism income surges 88% as visitors flock to the country

          Jordan’s tourism income surges 88% as visitors flock to the country

          Dubai’s hotel stock hits 150,000 keys as tourist influx from India, Russia, Oman buoys hospitality sector

          Dubai’s hotel stock hits 150,000 keys as tourist influx from India, Russia, Oman buoys hospitality sector

          Leisure sector in Qatar stronger after World Cup 2022

          Leisure sector in Qatar stronger after World Cup 2022

          Qatar has ‘solid’ line-up of infrastructure, hospitality projects to prepare for large influx of visitors in 2022: OBG

          Qatar has ‘solid’ line-up of infrastructure, hospitality projects to prepare for large influx of visitors in 2022: OBG

          Saudi to be among world’s big leisure tourism hubs by 2030

          Saudi to be among world’s big leisure tourism hubs by 2030

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        • Agrofood
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          • Agriculture
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          Egypt’s agriculture exports rise 17.2 percent in 5 months

          Egypt’s agriculture exports rise 17.2 percent in 5 months

          Egypt secures $66 mln from EU, AFD to expand wheat storage

          Egypt secures $66 mln from EU, AFD to expand wheat storage

          Agreements signed to establish 4 food factories in Jordan

          Agreements signed to establish 4 food factories in Jordan

          Morocco set to launch potash project: report

          Morocco set to launch potash project: report

          Food Africa and pacprocess MEA to launch in December with an even larger area

          Food Africa and pacprocess MEA to launch in December with an even larger area

          Pacts worth over OMR 33 million signed to establish agricultural, fisheries projects

          Pacts worth over OMR 33 million signed to establish agricultural, fisheries projects

          Trending Tags

          • Business & Economy
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            • Business
            • Economy
            • Finance
            • Industry
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            Number of BIA passengers up by 26.90% annually YTD APRIL 2023

            Number of BIA passengers up by 26.90% annually YTD APRIL 2023

            Qatar’s non-oil sector achieved 9.9% growth in Q4 2022: Prime Minister

            Qatar’s non-oil sector achieved 9.9% growth in Q4 2022: Prime Minister

            International investors keen on entering Saudi market, says minister

            International investors keen on entering Saudi market, says minister

            Egypt aims to enhance contribution of IT sector to GDP: Talaat

            Egypt aims to enhance contribution of IT sector to GDP: Talaat

            Saudi airports witness 42% rise in passengers in first 4 months of 2023

            Saudi airports witness 42% rise in passengers in first 4 months of 2023

            Oman’s annual inflation rate eases to 1.1% in April, lowest since March 2021

            Oman’s annual inflation rate eases to 1.1% in April, lowest since March 2021

            Trending Tags

            • CES 2017
            • Election Results
            • eSports
          • Construction
            • All
            • Infrastructure
            • Real Estate
            Oman gears up for its first smart city

            Oman gears up for its first smart city

            Saudi real estate ‘booming’ on big office space demand

            Saudi real estate ‘booming’ on big office space demand

            Value of Saudi construction contracts jump 35% to $51.3bn: report

            Value of Saudi construction contracts jump 35% to $51.3bn: report

            Qatar to implement new strategies for real estate development

            Qatar to implement new strategies for real estate development

            Real Estate Development Fund deposits $248m in Sakani accounts to boost Saudi housing goals

            Real Estate Development Fund deposits $248m in Sakani accounts to boost Saudi housing goals

            Sharjah records 21,486 real estate transactions worth Dh5.9 billion in Q1 2023

            Sharjah records 21,486 real estate transactions worth Dh5.9 billion in Q1 2023

            Trending Tags

            • Energy
              • All
              • Oil & Gas
              • Power & Electricity
              • Renewable Energy
              Clean energy technology manufacturing market to reach $790bln by 2030: IEA

              Clean energy technology manufacturing market to reach $790bln by 2030: IEA

              Egypt invests $64mln in electricity network development in South Sinai since July 2014

              Egypt invests $64mln in electricity network development in South Sinai since July 2014

              First accredited low-carbon ammonia shipment dispatched from Saudi Arabia to Japan

              First accredited low-carbon ammonia shipment dispatched from Saudi Arabia to Japan

              Oman’s refinery products output jumps by 44%

              Oman’s refinery products output jumps by 44%

              Iraq agrees to 30% stake in TotalEnergies $27bln energy project

              Iraq agrees to 30% stake in TotalEnergies $27bln energy project

              Oman signs $20bn hydrogen deals

              Oman signs $20bn hydrogen deals

              Trending Tags

              • Hospitality
                Qatar: Over 700 hotel keys added in Q1

                Qatar: Over 700 hotel keys added in Q1

                Jordan’s tourism income surges 88% as visitors flock to the country

                Jordan’s tourism income surges 88% as visitors flock to the country

                Dubai’s hotel stock hits 150,000 keys as tourist influx from India, Russia, Oman buoys hospitality sector

                Dubai’s hotel stock hits 150,000 keys as tourist influx from India, Russia, Oman buoys hospitality sector

                Leisure sector in Qatar stronger after World Cup 2022

                Leisure sector in Qatar stronger after World Cup 2022

                Qatar has ‘solid’ line-up of infrastructure, hospitality projects to prepare for large influx of visitors in 2022: OBG

                Qatar has ‘solid’ line-up of infrastructure, hospitality projects to prepare for large influx of visitors in 2022: OBG

                Saudi to be among world’s big leisure tourism hubs by 2030

                Saudi to be among world’s big leisure tourism hubs by 2030

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              Second city drives Qatar’s construction industry

              Oxford Business Group

              November 25, 2015
              in Infrastructure
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              With a wave of new projects moving from the drawing board to the roll-out stage in Qatar’s Lusail City development, activity in the construction sector looks set to shift up a gear.
              Substantial spending on infrastructure, bolstered by a broad range of private sector initiatives, is expected to keep the industry working at full capacity in the coming years, though supply shortages and increasing input costs may arise as demand accelerates.

              Lusail in the spotlight
              Located to the north of Doha and covering an area of 38 sq km, Lusail City stands as Qatar’s largest development project. The fully integrated city is expected to be home to 200,000 residents and provide employment for some 170,000 workers once completed.

              Developers also expect Lusail to become a new cluster for entertainment, hospitality and retail over the course of the next decade thanks to a series of leisure-focused projects, ranging from golf courses to marinas.

              Progress report
              Much of the city’s infrastructure is already in place, with integrated services provider Marafeq currently installing the utilities. This is expected to pave the way for developers to make further progress on construction work across the office, residential and retail segments.

              Essa Mohammed Ali Kaldari, CEO of Lusail Real Estate Development Company, the firm carrying out the work, is confident that the construction itself will help to raise the city’s profile.

              “This year, the development in Lusail is becoming more visible to observers, with vertical construction under way and the first tenants beginning to occupy the buildings,” Kaldari told OBG. “However, a significant degree of infrastructure work has already gone into the project, which is why the land is now ready to be built upon.”

              Kaldari told OBG that all the sites in the North and South Fox Hills districts – which will serve as the main residential area – had been transferred to developers, with work already under way on 25% of available plots.

              Ground was also being broken elsewhere, he added. “All of the plots in the Marina District earmarked for the commercial and residential towers have been handed over to the developers,” he told OBG.

              Final tenders for construction work across the rest of the city are set to be issued in the coming months, paving the way for the remaining contracts to be awarded before the fourth quarter of next year, with full completion of projects scheduled for 2018.

              Retail ramping up
              With an anticipated QR727bn ($200bn) worth of infrastructure projects set to be rolled out in Qatar over the next decade, building activity is growing both inside Lusail City and elsewhere, with private sector spending also gaining pace, particularly in terms of retail construction.

              A recent report by property firm DTZ Qatar estimated that up to 1.3m sq metres of additional retail space will come onto the market by 2019, marking a 220% increase on current supply. Up to 12 new malls are expected to open their doors before the end of the decade.

              Despite the growing availability of new gross leasable area (GLA), demand for retail space is continuing apace.

              The planned $1.3bn Place Vendôme, touted as the cornerstone of Lusail’s Entertainment City district, ¬will comprise some 230,000 sq metres of GLA. An estimated 25% of construction is already complete, Sean Kelly, project director of Place Vendôme, told OBG, with handover of the upmarket mall to clients scheduled for the first quarter of 2017 and the mall’s official opening set for later that year.

              Price pressures
              The large portfolio of projects in the pipeline is expected to significantly increase calls on construction firms’ capacity from mid-2016 onwards, with heightened activity also likely to put greater pressure on materials and labour costs as well. According to estimates from infrastructure specialists AECOM, the cost of materials will soar by 15- 20% per annum starting in 2018.

              A drive to increase Qatar’s logistics capacity, led by planned new port facilities, is expected to ease shortages of key building materials, though the sector may still see elevated prices into the next decade, before easing as the state’s investment programme moves towards completion.

              Other key inputs, such as labour, are also expected to see increases in the coming years. According to a recent study by management consultancy the Hay Group, labour costs in the construction industry have risen by 4.5% this year, outpacing average wage inflation.

              With extensive infrastructure and building projects set to be rolled out in the coming years, wages appear likely to maintain their upward trajectory – which, alongside other factors such as rising material costs, could contribute to tighter margins in the industry in the medium term.
              Oxford Business Group
              25 November

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