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UAE construction projects set to boost in 2012

Source:Ringier Release Date:2012-03-20 118

 

 New research states that 2012 will see US$15.068 billion worth of contracts awarded in the Emirates - an increase of 26.57% from last year. The latest figures from research specialists Ventures Middle East have been released in the build-up to WORLD ecoConstruct, featuring Infrastructure Arabia Summit, the pioneering industry event taking place from 22-25 April 2012 at the Abu Dhabi National Exhibition Centre.

 

The total value of current UAE construction projects is US$1.249 trillion with buildings accounting for US$871.6 billion, energy (oil and gas, petrochemicals, power and water projects) for US$190.9 billion, and infrastructure (roads, bridges, rail, sewerage, wastewater and marine) projects amounting to US$187.2 billion.

 

Commenting on the Municipal System participation in WORLD ecoConstruct, H.E. Engineer Ahmed Mohamed Al Shareef, Under Secretary of the Department of Municipal Affairs (DMA), said,

 

“The importance of the building and construction sector in the local economy makes this event very important for the Municipal System to participate in.”

 

The DMA and the three Municipalities of the Emirate, Abu Dhabi C i t y Municipality, Al Ain City and the Western region, all play an important role in achieving sustainable development in this sector and will showcase many sustainable projects at the exhibition, reflecting our commitment to achieving sustainable development as per the Abu Dhabi 2030 vision.

 

“Visitors to the event can find out more about current projects, especially the Abu Dhabi new building codes, which improve building standards in the Emirate, in addition to saving energy and water and improving safety regulations,” he added.

 

Across the GCC, sustainable building projects spearhead the growing real estate construction boom. Masdar City, an emerging low-carbon, low-waste global clean-technology development in Abu Dhabi is a leader in this and aims to become one of the world’s most sustainable cities in the world powered by renewable energy.

 

To facilitate the development of a more sustainable construction sector Masdar has also developed a green building materials portal, Future Build, to help architects, engineers and contractors - particularly in the UAE and wider region - seShop Women's Boots

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