According to a leading Business information service, Abu Dhabi tops the list of Construction Mega Cities in the world as per project value.
The Intelligence Center evaluated the project pipelines in primary cities around the world and listed the 50 Construction Mega Cities which have a list of projects with an investment worth more than $40 billion.
The UAE capital ranked first among the 50 cities as its total project value is almost $480 billion, followed by London having $477 billion, while Dubai sits on the third spot with a total project value of $394 billion.
Furthermore, aside from Abu Dhabi and Dubai, there are other 10 cities in the Middle East and Africa which made it to the list, and the aggregate projects pipeline value for the region stands nearly $2 trillion.
Several cities in the list have multi-billion dollar projects that have been declared or are in a more advanced phase of development with an average value of projects stands at $1.1billion.
The collective value of the project pipelines coming from the 50 Construction Mega Cities has reached $5.9 trillion, and comprises approximately 5,200 projects at different period of development, from announcement to execution.