Middle East’s construction industry didn’t experience any notable disruptions despite the global economic slump that occurred in 2008/2009. It may have experienced some jabs when the real estate sector in Dubai was affected but the overall demand for construction in the region remained very much active over the years.

Big construction companies see the region’s transportation roads as the key element in allowing the construction market to remain strong despite the economic downturn. Middle Eastern governments remained firm in the decision to enhance their public facilities so even if Dubai declared a budget deficit in the past, construction activity remained in-demand in other areas such as Saudi Arabia, Qatar, and Abu Dhabi. In a survey conducted by the Norton Rose FulBright in 2009, it was revealed that some of the key players in Middle East’s construction industry were optimistic in the region’s construction business. Fifty five percent of the participants believed that the effects of the slump will fade over a year and fully recover by 2010. In addition, 81% of them also thought that building infrastructures will contribute greatly to the recovery of Middle East’s economy during the downturn. It is because of these driving beliefs that the construction industry in the region remained alive. According to the survey, the key players who participated in the study had a combined turnover of US$11.7 billion (AED42.9 billion).

Today, the construction industry in the Middle East remains positive as ever.

According to law firm Pinset Masons, those in the construction business have a positive mindset for the year ahead. This was based on a survey made up of construction contractors, consultants, and industry professionals.

Around 90% of the survey’s participants looked forward to the improvement of Gulf’s construction business. Expectations on Gulf’s development were up by 20% compared to its 2012 counterpart when expectations were only at around 70%.

Even firms outside the survey seemed optimistic about the Middle East’s construction business in 2014. Businesses remain strong in Southern Iraq, evidenced by the opening a strategic base for Unaoil, a major oil and gas services company, in the area last month.

Survey participants also predict that project pipelines will increase by 10%. In addition, 65.3% are firm believers that transportation roads are still the key element for the construction sector’s survival this year.

15 thoughts on “Hello world!”

  1. I must thank you for the efforts you have put in writing this site.
    I am hoping to see the same high-grade content by you in the future as well.
    In truth, your creative writing abilities has encouraged
    me to get my very own blog now 😉

  2. We stumbled over here coming from a different page and thought I should check things out.
    I like what I see so now i’m following you. Look forward
    to looking into your web page repeatedly.

  3. Howdy exceptional blog! Does running a blog such as this require a great deal of work?
    I have no knowledge of programming but I was hoping to start
    my own blog soon. Anyways, should you have any ideas or tips for new blog owners please share.
    I know this is off subject however I just had to ask.
    Thanks a lot!

  4. you’re truly a just right webmaster. The website loading speed is incredible.
    It kind of feels that you are doing any distinctive
    trick. Moreover, The contents are masterwork. you’ve performed a fantastic process
    on this subject!

  5. Hey there are using WordPress for your blog platform?
    I’m new to the blog world but I’m trying to get started and set up my own. Do you
    need any coding expertise to make your own blog? Any help would be really appreciated!

Napsat komentář

Vaše emailová adresa nebude zveřejněna.