The increasing volume of activity in the build-up to the 2022 FIFA World Cup has pushed up costs in Qatar, says study.
The contracting company said that higher finance costs for acquisition and contracts provisioning led to the fall in profit.
The mosque, spread over 40,000 square feet, will be located in Downtown Dubai.
Rising administrative and contract costs lead the construction company to post a loss during the second quarter of the year.
The UAE accounts for the largest share of the region’s construction market, according to new research.