The improvement in demand will push up the price, which is expected to touch US$799 per tonne that was prevalent in the market before acute labour shortage hit the construction sector.
Iron prices in Saudi Arabian local markets are expected to go up in the coming months following the recovery of the construction sector market, which had been hit by acute labour shortage
Among the chain scale segments, the upper upscale segment accounted for the largest portion of rooms in the total active pipeline; 33.8 per cent with 43,183 rooms. (Image source: Planned City/Flickr)
The Middle East and Africa hotel development plan comprises 525 hotels, totalling 127,840 rooms, according to a global construction report
The Cat 834K wheel dozer. (Image source: Caterpillar)
Caterpillar has introduced the 834K, a new wheel dozer which builds on the strengths of its predecessors
Costing US$217mn, The Pointe, spread across 136,000 square metres is due for completion in 2016. (Image source: Nico Crisafulli/Flickr)
Dubai developer Nakheel has awarded a contract worth US$102mn to Gulf Technical Construction Company to build The Pointe at Palm Jumeirah
The redevelopment will include a new fashion district, luxury retail, and sports and leisure precinct, along with unique dining concepts and an expansion of its cinemas. (Image source: Planned City/Flickr)
Engineering company Drake & Scull International PJSC (DSI) has announced that it has signed a contract worth around US$29mn to execute complete mechanical, electrical and plumbing (MEP) works for the redevelopment of the Mall of the Emirates in Dubai
