Nearly 43 per cent of all construction projects in the Arabian Gulf region are on hold as the fallout from the global economic downturn continues to bite.
New figures from Middle East property intelligence website BNC Network show that of the Dh6.2 trillion (US$1.68tn) of construction projects in the region, Dh2.7tn worth of them are on hold.
Such projects make up a greater proportion of the schemes in the region than those at any other stage of construction, the report said.
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