Hotel and residential projects in ME worth $1.9tn ...United Arab Emirates

Hospitality and residential projects worth $1.9tn are under development in the Middle East, with Saudi Arabia, UAE and Egypt accounting for 90% ($1.7 tn) of the investment, according to new research by global independent real estate consultants, Knight Frank. The data reveals that KSA is at the top of the region’s project investment table, with $1.2tn of developments in the pipeline, followed by the UAE ($300 bn) and Egypt ($200bn), highlighting the Middle East’s continued commitment to reaching 160 million annual tourists by 2030. Turab Saleem, Partner and Head of Hospitality, Tourism and Leisure – MENA, at Knight Frank, said: “The Middle East was the first region globally to make a complet

Hence then, the article about hotel and residential projects in me worth 1 9tn was published today ( Monday 25/09/2023 - 10:36 AM ) and is available on ME CONSTRUCTION NEWS ( United Arab Emirates ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

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