Gulf construction projects hit $2.4tr

The number of real estate projects in the Middle East that are underway total 2,837, and are worth $2.4tr, according to research by Proleads, which monitors regional construction projects across all industry sectors. King Abdullah Economic City in Saudi Arabia is the biggest construction project currently underway in the region, valued at $120bn, followed by Dubailand in the UAE, valued at $110bn, and the $86bn Silk City Project in Kuwait.