February 26, 2013
UAE’s infrastructure investment drives rapid construction sector growth
The full impact of high levels of government spending as well as private sector and foreign investment in infrastructure and development in the Gulf is evident in a new report from analysts RNCOS which claims that the construction sector in the United Arab Emirates (UAE) is set to grow from its current size of $39.4bn at the end of 2012 by a compound rate of 9.5% a year until 2016. The report breaks the market down into four major areas of development; retail, residential, office and hospitality. The follow on effects for firms offering products and services will, of course, also be substantial.
