HONG KONG / WAM The UAE GDP growth rate has outpaced its global equivalent over the past five years, according to a top executive at the UAE Ministry of Economy, who attributed the jumbo leaps secured by the country’s domestic economy to a robust energy sector and an agile economic diversification programme embraced by the wise leadership of the country. …

DUBAI / WAM Total value of 7,878 active building projects in the UAE reached $227.9 billion (AED836 billion) at the beginning of September 2017, according to BNC Network, the largest and most comprehensive project research and intelligence provider in the Middle East and North Africa (MENA) region. Of these building projects, high-rise buildings account for $100.5 billion while mid-rise and …

Dubai / Emirates Business Union Properties (UPP) has announced a new masterplan for its flagship MotorCity development in Dubai with a completed value of more than AED 8 billion. UPP has also signed an agreement with China State Construction Engineering Corporation (CSCEC), one of the world’s largest construction companies to build the new mega development. The announcements were made on …