Dubai skyline – Image Source: Flickr – robertpaulyoung
Trade Arabia reports
Over 400 projects worth more than $300 billion have been placed on hold or cancelled in the United Arab Emirates due to the global financial crisis, Dubai-based research firm Proleads Global said on Tuesday.
The construction sector in the UAE will stabilise this year and is expected to show signs of recovery in 2010…
read the full article at the SOURCE: Trade Arabia – UAE projects worth over $300 billion on hold
Parag Deulgaonkar of Emirates Business 24/7 reports
Limitless, the global master-development arm of Dubai World, has dropped the plan to go ahead with the Karachi Waterfront, a multibillion-dollar project in Pakistan, and is currently reviewing its project stream in light of the world economic crisis, a company spokesperson said.
SOURCE: Emirates Business 24/7 – Limitless drops Karachi Waterfront development
Foster + Partners reports
Foster + Partners and Buro Happold joint venture has been appointed to design four stations along a new high speed railway line in the Kingdom of Saudi Arabia, which will link the cities of Makkah and Madinah via Jeddah. The Haramain High-speed Railway (HHR) is a major infrastructure project, conceived to forge new social and economic links by dramatically cutting journey times between the cities in western Saudi Arabia and by providing a new transport option for many of the pilgrims making the journey to the religious cities of Makkah and Madinah.
SOURCE: Foster + Partners
Technorati Tags: foster + partners, buro happold, JV, saudi arabia, jeddah, makkah, madinah
Seattle Daily Journal of Commerce reports
“Despite the slow economy, designers are looking forward to the new green economy and more public work.
Landscape architects started seeing the impacts of the economic downturn last year……….”
Read the full article at the [SOURCE: Seattle Daily Journal of Commerce - What the future holds for landscape architects]