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The UAE witnessed a solid increase in project awards in the first quarter of 2018 denoting improving investment momentum driven by higher public spending.

According to data from Meed Projects and Abu Dhabi Commercial Bank (ADCB) on project award in the GCC for the first quarter of 2018, the value of UAE projects awarded remained solid and markedly above the two-year average in the first quarter of 2018. Total awards in value terms were up 29.5% year on year in the first quarter with both Abu Dhabi (up 97.3% and Dubai (up 7.8%) seeing a solid increase. Read more...

Source: www.gulfnews.com | June 3, 2018