Megaprojects will help shape future of Middle East
- Date: 14-Mar-2021
- Source: The National News
- Sector:Real Estate
- Country:Middle East
Megaprojects will help shape future of Middle East
Megadevelopments in the Middle East are expected to continue despite the pandemic but must be properly thought-out if they are to have an enduring legacy, according to Strategy&.
Larger construction and property projects, usually spread over hundreds of thousands of square metres, can help countries provide a better quality of life by regenerating previously unused areas and promoting the development of specific sectors such as tourism, financial services or manufacturing, according to a report by the consultancy.
“Megaprojects such as those we've seen in Dubai, or even Canary Wharf in London, can have a lasting impact when they succeed,” Karim Abdallah, partner and real