Dubai: King Abdullah Economic City in Saudi Arabia is the biggest construction project currently underway in the region, valued at $120 billion, according to research by Proleads, which monitors regional construction projects across all industry sectors.
"This is followed by Dubailand in the UAE, valued at $110 billion, and the $86 billion Silk City Project in Kuwait," said the report.
The research also shows that, when additional developments currently at the early planning or concept stage are also taken into account, the Gulf countries account for a total of 3,519 projects worth $2.527 trillion.
Massive development has turned the Middle East into the world's biggest market for plant, construction vehicles, machinery and equipment. |
