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Saudi Arabia’s Red Sea tourism gigaprojects to create 57,000 jobs.

The Red Sea Project and Amaala will respectively generate 35,000 and 22,000 job opportunities. Two of Saudi Arabia’s ambitious planned tourism projects on the Red Sea coast are set to generate 57,000 jobs, a member from Saudi Economic Association has told the kingdom’s local...
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Dynamics of oil prices in 2019 will largely depend on OPEC+’s effectiveness in implementing cuts

Oil prices are likely to trade between $60 and $70 per barrel range by mid-2019, despite sharp economic slowdown, the Arab Petroleum Investments Corporation (APICORP) said in a new report. “A balanced market is consistent with a wide range of prices, and until the market starts...
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Holiday Opening Hours

Happy Holidays everyone and best wishes for a peaceful and prosperous 2019!  Reach office opening hours over the holiday period: December 24th – 27th – Closed December 28th and 31st Open January 1st – 2nd – Closed
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Large wage increases and 99,000 new jobs in Irish construction sector by 2019

Wage increases will accelerate over this year and into 2019, outpacing rising living costs and leaving households better off, according to the latest research from the Central Bank. By the end of next year 99,000 more people will be in work, and average pay is set to rise at a...
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GCC economic growth to gain momentum in 2019

Overall GDP projected to grow 2.7% in 2019 after stagnating in 2017 Dubai: GCC countries are expected to see a pick-up in economic growth in 2018 and 2019, according to the latest forecasts by the Institute of International Finance (IIF). Higher oil prices and improved output,...
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Podcast: Will rising oil prices fuel Middle East construction?

Should the Middle East brace itself for a hike in infrastructure spending after oil prices hit a four-year high of $81 per barrel last month? Featuring exclusive comments from Deloitte, Bloom Holding, and Laing O’Rouke Middle East, Construction Week Viewpoint‘s latest...
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US Crude Sanctions Against Iran Could Push Oil Prices Above $100 a Barrel

Earlier this week, Trump urged OPEC to ramp up production levels in order to prevent further price rises ahead of the mid-term elections in November. But OPEC and non-OPEC producers were thought to be unlikely to immediately respond to Trump’s demands, after Saudi Arabia...
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Ireland: The land of opportunity for UK contractors?

Ireland’s construction industry halved in size when the global recession took hold in 2008. Now that the sector is recovering, Lucy Alderson assesses whether the opportunities for UK contractors outweigh the risks in this challenging market. In 2007, the Republic of Ireland’s...
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Saudi Arabia’s Vision 2030 And Its Wealth Of Potential

Saudi Arabia’s Vision 2030 programme will drive growth across the country, most notably in its asset management, tourism and insurance sectors. The effects of Vision 2030 on various Saudi sectors are far-reaching, but among those set to benefit is the asset management sector....
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2018 Skills Gap Survey

The results of Construction Week’s 2018 Skills Gap Survey have been compiled, and the findings are a stark reminder of the room for improvement in construction training and education in the Middle East.  Between February and April this year, 132 construction professionals from...
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