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

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Last updated : 25 September 2023 clock 10:36 AM

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

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