Have confidence in the UAE construction market right

With the growth of oil revenue dollars, many oil-producing Gulf region, the entire Gulf region, the construction of infrastructure and engineering construction industry showed a scene of prosperity, particularly in the UAE market, the most active project contracting. UAE is the Gulf region, one of the oil rich countries, the Middle East is also the most open and dynamic economies, because of its good economic situation, policies, liberal countries have increased in all Emirates of domestic investment in infrastructure construction, large-scale construction projects.

The next 5 years UAE real estate and construction industry prospects

United Arab Emirates in the Middle East began in 1984 as a large-scale construction of one of the countries of the Gulf oil can be said to be built from the desert oasis of the country, the UAE has the world's total oil 9.4% of total world natural gas 34 percent, driven by construction infrastructure construction throughout the United Arab Emirates there are categories of projects eligible to tender 6975 companies, major construction works are divided into groups in the region in Dubai, Sharjah areas, Abu Dhabi region.

United Arab Emirates in 2007 the construction industry output of about 400 million dirhams, the next 5 years will reach one trillion dirhams. From 2008 to 2010, the Arab-Israeli real estate and construction industry will maintain an annual 24.4% and 21.6% growth rate. According to Gulf News website reported that a Middle East-wide survey, only in the capital and financial center of Dubai, Abu Dhabi, United Arab Emirates is currently the major leisure development projects in the investment commitments has reached 512 billion U.S. dollars. On the entire Middle East is concerned, leisure development projects of 166, l the total value of one trillion U.S. dollars. Of which 100 million U.S. dollars to invest in l718 museums and theme parks such as the pure leisure projects; 218.3 billion U.S. dollars to invest in resort Ji-fat; the rest of 611.9 billion U.S. dollars to invest in mixed-function projects, including leisure components account for a large residential or commercial projects. Dubai is about the scale of construction investment reached 30 billion U.S. dollars of the world's largest airports, wholesale and logistics center in the Middle East.

UAE construction market - opportunities and challenges

As the Middle East, the most active commercial center, Dubai Emirate is the most high-profile projects in Dubai free zone to the way the construction of the reclamation of two palm-type man-made island. According to plan, the two artificial islands to be built at least 40 luxury hotels, residential as well as the 2000 theme park, water park, shopping malls and other entertainment and shopping facilities. The reclamation works will be expected to be completed in 2004 will begin on the island roads, utilities and other infrastructure projects on the island and to invite tenders.

At the same time, the Emirate of Abu Dhabi United Arab Emirates are also in massive construction projects in the works under construction in Abu Dhabi International Convention Center, Waterfront Park expansion project, Abu Dhabi Trade Center, 2000 economic housing, international airport expansion project , as well as Abu Dhabi city and 36 underground过街通道projects overpass. In addition, in the northern region of the United Arab Emirates are also pressing ahead with the project or construction plans, including large projects Fujairah airport expansion project and a 500-bed tourist seaside resort.

Relevant statistics show that, with the Gulf Arab oil producers increased oil revenues, in the area of leisure and entertainment, transport civil aviation, urban housing construction, water and electricity projects such as project contracting market has been very active in the Gulf governments have invested in these areas huge amounts of money, the annual contract amount of the contract are more than tens of billions of dollars. UAE project contracting market, like a waiting for the exploitation of gold, gold-faced from all over the world are.

In the "Gulf Building magazine," a recent survey, the majority of construction contractors in Dubai continues to maintain confidence in market prospects, a number of projects still in progress. Dubai is the UAE's second-largest emirate, in the fourth quarter of 2008 before the Dubai real estate, infrastructure and construction services for the rapid development of the world is still amazing. However, due to its highly externally oriented economy, the economic crisis on Dubai, United Arab Emirates impact than any other region to be serious.

According to "Gulf construction monthly" forecasts, based on the emirate's huge foreign assets and low debt ratio, the United Arab Emirates will not wreak havoc and devastated the financial turmoil. On the other hand, with or without the prosperity of the real estate industry, Dubai is an important logistics, tourism and regional trade centers, connecting Africa, South Asia, Russia, Central Asia, Iran and the Gulf region, the core advantage is not lost. In addition, from the Dubai government and the foreign traders, service providers, construction companies and banks of large-scale investment in infrastructure is also a driving force for change.

After 15 years of explosive development in the economic development of Dubai will become more stable. Recently, the UAE Central Bank Deputy Governor, Dubai International Financial Center (DIFC) announced that President Omar bin Sulaiman, Dubai, the first quarter of 2009 to achieve a 1 percent economic growth. Omar at the same time that Dubai's economy has weathered the crisis, the recovery is slow.