Middle-east Arab News Opinion | Asharq Al-awsat

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A worker constructing a new home in Leyden Rock in Arvada, Colorado. Reuters

Handouts With a Twist: Rebuilding America’s Infrastructure

by Robert Frank | Nov 19, 2016 | Business

Describing the relentless pace at which machines were replacing horses a century ago, the economic historian Gregory Clark noted that if horses could have been hired at a certain price, they would have remained competitive. Unfortunately, he said, that price had...

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A model of the Tower Project at Dubai Creek Harbour Development. AP Photo/Kamran Jebreili

Dubai Begins Building World’s Tallest Tower

by Asharq Al-Awsat | Oct 11, 2016 | Lifestyle & Culture

Dubai – Sheikh Mohammed bin Rashid al-Maktoum, Vice President and Prime Minister of the United Arab Emirate, laid on Monday the foundation stone for the ‘The Tower at Dubai Creek Harbour’ project, the new iconic structure that will be the world’s tallest tower when...

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The Arabtec office building is seen in Dubai, United Arab Emirates, on Tuesday, June 24, 2014. (AP Photo/Kamran Jebreili)

Arabtec says has Aabar’s backing, no projects scrapped

by Asharq Al-Awsat | Jul 2, 2014 | Business

Dubai, Reuters—Major Dubai construction company Arabtec retains the support of major shareholder Aabar Investments and has not cancelled any projects as a result of recent management changes and a restructuring of the firm, its chairman said on Wednesday. Khadem...

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File photo of the King Abdullah University of Science and Technology (KAUST), under construction near Jeddah on October 19, 2008. (Reuters/Asma Alsharif)

Saudi construction sector to suffer “historic losses” by year’s end—industry expert

by Shuja Al-Baqmi | Jun 25, 2014 | Business

Riyadh, Asharq Al-Awsat—The Saudi Arabian construction sector will suffer “historic losses” by the end of 2014, a senior official at the Riyadh Chamber of Commerce and Industry told Asharq Al-Awsat. Fahad Al-Hamadi, who is also head of the Kingdom’s National Committee...

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File photo—A view of the King Abdullah Financial District in Riyadh, Saudi Arabia on October 9, 2013. (REUTERS/Faisal Al Nasser)

Public spending leads to Gulf construction boom

by Fahd Baqmi | Oct 23, 2013 | Business

Jeddah, Asharq Al-Awsat—The Gulf construction sector has witnessed significant growth over the past year, primarily as a result of state-sponsored projects, economic experts informed Asharq Al-Awsat. One expert said: “The construction sector in the Gulf region has...