6 mega infrastructure projects worth Dh202bn underway in UAE

0
137

By Parag Deulgaonkar  www.emirates247.com

The estimated value of six mega projects in the UAE’s infrastructure construction sector is over Dh202.25 billion ($55.11bn), according to a new report.

1With a targeted completion date of 2030, Dubai Metro by Dubai Roads and Transport Authority (RTA) is by far the biggest project to be undertaken in the country at the cost of $14.35 billion, Alpen Capital said in its June 2015 ‘GCC Construction Report’.

Second on the list is Emirates Roads master plan by Dubai RTA, which is valued at $12bn and slated for completion in 2016 followed by Etihad Railway network by Etihad Rail at an estimated cost of $11bn and a completion date of 2018.

Fourth on the list is the Airport Expansion Project by Dubai Airport Authority with an estimated value of $7.8bn (completion 2018) followed by Abu Dhabi Metro by Musanada with a projected value of $7bn (completion 2020) and Abu Dhabi Airport Expansion Midfield Terminal Complex by Abu Dhabi Airport Company valued at $2.96 billion (completion 2017).

The report says the UAE’s infrastructure construction sector is seeing the recommencement of several major development projects that were stalled during the 2008 economic downturn. More info

LEAVE A REPLY