Flip through the latest issue of Gulf Weekly.
Forty-five per cent of projects planned in the Gulf, which have a total value of $930 billion, are currently under construction in the UAE, according to recently published reports.
Analysts' suggest the construction industry is witnessing early signs of recovery. Ahmed Shaikhani, managing director of Memon Investments, said: "Despite the challenges of the current economic slump we are looking forward to the completion and handover of all our projects."
Construction on four residential towers under its 'Champions Tower' (CT) banner, for example, are progressing with various contracts being awarded to contractors and construction of eight of the 10 floors within its inaugural commercial venture 'Cambridge Business Centre' in Dubai Silicon Oasis has been completed, with initial steps already being made in preparation for the scheduled handover of the project to investors by the fourth quarter of 2009.
The company also previously announced that it is fast-tracking the construction of its 'Gardenia I & II' and 'Frankfurt Sports Tower I' projects.
