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Gas Contracts In GCC, To Surface Up To $68 Billion In 5 Years

A new report forecasted that by 2025 the demand for natural gas will overtake oil.  The total percentage of energy generated from oil & gas is also likely to increase from 55% in 2010 to 60% in 2040. Deloitte, Middle East Energy and Resources quoted that on 2040, gas demands…

Abu Dhabi’s Barakah Nuclear Reactor Unit #2, Construction Begins

Construction of Middle East’s first nuclear power plant (unit 2) commenced today as UAE government officials celebrate where Abu Dhabi breaks ground on this achievement. The first atomic power plant is one of the fastest deployment schedules for nuclear power in history according to Hamad Al Kaabi, UAE permanent representative…

UAE, Could Be Home To The Region’s Space Hotel

The Space Hotel, an out-of-this-world new concept where guests can travel to distant galaxies while staying firmly on the ground will take the Middle East tourism industry by storm. Recently, U.S based company Mobilona Space Hotels revealed that they received proposals from Doha, Abu Dhabi and Dubai for the construction…

Forecast Report Identifies UAE Construction Industry As One Of The Promising Market In 2014

A recent research conducted by Timetric, a leading provider of online data, analysis and advisory services on key financial and industry sectors that United Arab Emirates will be one of the potential emerging markets in construction industry b y 2014. The forecast report was made with a survey within the…

AED175 Million World Class Bus Terminal In Abu Dhabi To Commence In 2015

The Department of Transport’s (DOT) $47 million bus depot will begin its construction in the capital city soon and is expected to operate by 2015. Located in Khalifa City opposite to Abu Dhabi Golf Club and adjacent to the northern Abu Dhabi-Dubai main road, the 10 hectares new bus terminal…