MIDDLE EAST'S POSITIVE VIEWS FOR CONSTRUCTION INDUSTRY

News Date: 02.12.2014

Almost five years after the global economic downturn, the tide appears to have turned in the Middle East favouring business in the construction industry. With the rising confidence in the sector many of the projects shelved during the economic recession are now being completed while large-scale projects are again underway. This has infused new hope among stone producers and suppliers. The Middle East is ready for people who mean business. An estimated US$ 2.87 trillion of projects are currently in planning or construction phase in the Middle East. The UAE alone accounts for US$ 623 billion of the projects underway, with Saudi Arabio's Construction projects valued at US$ 629 billion. This status of construction industry in UAE has made numbers of firms across the globe to grab the opportunity. They are eying for work in the Middle East Construction.