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Real estate projects in excess of Dh8.8 trillion underway in GCC countries

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22-Apr-2008
Hardware and Tools Middle East 

Hardware and Tools Middle East exhibition in Dubai caters to burgeoning real estate and construction industry

According to industry research, real estate projects worth more than of Dh8.8 trillion are in progress in GCC countries. Taking into account the additional developments currently at the early planning or concept stage, the Gulf countries account for a total of 3,519 projects worth Dh9.27 trillion. The majority of these developments are being carried out in Saudi Arabia and the UAE. The 2008 edition of Hardware and Tools Middle East is scheduled to take place from 25th to 27th May 2008 at the Dubai International Convention and Exhibition Centre in the light of such massive construction activities.

The exhibition is  must visit show for real estate firms, construction companies, contractors, buyers from across the region and maintenance companies to look for the latest tools, machinery and hardware from international suppliers.

The biggest construction project underway in the region is the King Abdullah Economic City in Saudi Arabia valued at Dh440.4 billion followed by Dubailand in Dubai valued at Dh403.7 billion and Dh315.6 billion Silk City real estate project in Kuwait.