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Proleads: 566 UAE projects on hold or cancelled
- United Arab Emirates: Thursday, September 17 - 2009 at 11:59
Dubai-based research firm, Proleads has said that 1,372 building projects in the UAE, with a total value of some $900bn, are under construction or in bidding across the commercial, hospitality, residential and retail sectors, and 566 projects have either been shelved or postponed, Reuters has reported. The research firm had said in July that more than 400 projects worth over $300bn had been placed on hold or cancelled in the country.
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