The UAE records a significant growth in value of projects, showing around one per cent increase to $545 billion in the third quarter.
The country along with Kuwait also helps increase the GCC projects market index by 0.2 per cent to $2.49 trillion as of the third quarter of 2012, says a report on Saturday.
According to MEED’s Gulf Projects Index, a comprehensive and up-to-date tracking system of projects that are either underway or planned throughout the region, the strong growth in the UAE’s projects industry was attributed to the revival of three projects worth $960 million, and the launch of three new projects worth a combined $230 million.
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