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Middle East and Africa: Five Largest Low-Rise Apartment Blocks Construction Projects Started in Q1 2022

  • With a project value of $12,000 million, the Qatari Diar - New Cairo City Gate Development - Egypt project was the largest Low-Rise Apartment Blocks project in the Middle East and Africa, on which construction started in Q1 2022. The Qatari Diar - New Cairo City Gate Development - Egypt project is located in Egypt and initially announced in Q2 2020 with an estimated completion in Q4 2026. The AARED/HPD – Gardenia City – Egypt project was the second-largest project with a project value of $1,635 million, on which construction work started in Q1 2022. The AARED/HPD – Gardenia City – Egypt project is located in Egypt and initially announced in Q1 2021 with an estimated completion in Q4 2027.

  • The ABG – Al Swida Village – Doha project was the third-largest project, the MOH – North Obhur Park Project – Saudi Arabia was the fourth-largest project, and the New City Developments – Eco West Mixed Use Development – Egypt was the fifth-largest project with a project value of $350 million, $300 million and $159 million respectively. The ABG – Al Swida Village – Doha project located in Qatar was announced in Q1 2017 with an estimated completion in Q4 2025, the MOH – North Obhur Park Project – Saudi Arabia project located in Saudi Arabia was announced in Q2 2019 with an estimated completion in Q4 2025 and the New City Developments – Eco West Mixed Use Development – Egypt project located in Egypt was announced in Q1 2019 with an estimated completion in Q4 2024.

  • Among the five largest projects, the AARED/HPD – Gardenia City – Egypt project is the longest in terms of completion date, with construction expected to be completed in Q4 2027. On the other hand, the New City Developments – Eco West Mixed Use Development – Egypt project is the shortest in terms of completion date, with construction expected to be completed in Q4 2024.

Middle East and Africa: Five Largest Low-Rise Apartment Blocks Construction Projects Started in Q1 2022

Published: July 2022
Source: GlobalData

Explore the latest trends and actionable insights on the Leisure and Hospitality Construction Projects market to inform business strategy and pinpoint opportunities and risks. Explore the latest trends and actionable insights on the Leisure and Hospitality Construction Projects market to inform business strategy and pinpoint opportunities and risks. Visit Report Store
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