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Synopsis " DMCC Uptown Dubai Commercial Tower Dubai - Project Profile" contains information on the scope of the project including project overview and location. The profile also details project ownership and funding, gives a full project description, as well as information on contracts, tendering and key project contacts. Summary Dubai Multi Commodities Centre (DMCC) is undertaking the construction of a commercial tower in Dubai, the UAE. The project is implemented in phases and the first phase includes the construction of a 115-story, 700m commercial tower on a 103,650m2. It will also include the construction of 60-degree observation deck on the topmost floor, commercial space on a 46,700m2, five-star hotel area of 29,900m2, 240 residential space area of 24,150m2 and separate food and beverage outlets on 2,900m2, office space, retail space, parking slots and other related facilities. The detailed scope of the project is yet to be revealed. DMCC issued tenders for app...

Synopsis Oman’s construction industry suffered a sharp downturn in 2017, in part due to public expenditure cuts that stemmed from a decline in the country’s oil production. Consequently, construction output contracted by 6.1% in 2017, following an average annual growth of 9.8% during the preceding three years. Although the collapse of oil prices in 2014 affected the oil-dependent economy, the government’s effort to diversify the economy through investments in non-oil sectors supported the industry’s overall growth in 2015–2016. Additionally, the implementation of the Eighth Five-Year Development Plan 2011–2015 supported the industry’s expansion, under which the government invested OMR12.0 billion (US$31.2 billion) to develop the country’s residential, transport, industrial and healthcare infrastructure. The construction industry is expected to recover in 2018, supported by a gradual recovery in global oil prices. This growth is expected to continue throughout the forecast per...