Construction Ajman construction contracts reach $1.1bn in H1 2022 By Pramod Kumar August 17, 2022, 5:34 AM WAM Construction licences registered an increase in the first half of 2022 to reach 2,376 compared to 2,187 in 2021. The value of construction contracts awarded in Ajman in the UAE exceeded AED 2.1 billion ($1.12 billion) in the first half of 2022, higher than during the same period in the two previous years, according to a report by the Department of Municipality and Planning. The contracts were valued at AED 800 million in 2020 and AED 1.9 billion in 2021, state-owned news agency WAM reported. Abdul Rahman Mohammed Al Nuaimi, director-general of the department, stressed that construction contracts in the emirate rose in value by 11 percent compared to the two previous years, underscoring the confidence of residents and project owners. Construction licences registered an increase in the first half of 2022, amounting to 2,376 compared to 2,187 in 2021 and 1,659 in 2020.
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