Explore the latest trends and actionable insights on the Construction Projects market to inform business strategy and pinpoint opportunities and risks.

Middle East and Africa: Five Largest Office Buildings 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 Office Buildings 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 ASAAS – Al Hafa Waterfront Mixed-Use Development – Oman project was the second-largest project with a project value of $500 million, on which construction work started in Q1 2022. The ASAAS – Al Hafa Waterfront Mixed-Use Development – Oman project is located in Oman and initially announced in Q3 2017 with an estimated completion in Q4 2024.

  • The IC Group - The Office - New Administrative Capital project was the third-largest project, the CFG Bank – CFG Bank Tower – Morocco was the fourth-largest project, and the Private Developer – Al Mosem Complex in Riyadh – Saudi Arabia was the fifth-largest project with a project value of $57 million, $50 million and $30 million respectively. The IC Group - The Office - New Administrative Capital project located in Egypt was announced in Q2 2021 with an estimated completion in Q4 2025, the CFG Bank – CFG Bank Tower – Morocco project located in Morocco was announced in Q3 2019 with an estimated completion in Q4 2024 and the Private Developer – Al Mosem Complex in Riyadh – Saudi Arabia project located in Saudi Arabia was announced in Q1 2021 with an estimated completion in Q1 2024.

  • Among the five largest projects, the Qatari Diar - New Cairo City Gate Development - Egypt project is the longest in terms of completion date, with construction expected to be completed in Q4 2026. On the other hand, the ARD/MHD – Muscat Pavilion – Muscat project is the shortest in terms of completion date, with construction expected to be completed in Q3 2023.

Middle East and Africa: Five Largest Office Buildings Construction Projects Started in Q1 2022

Published: July 2022
Source: GlobalData

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