Outlook on UAE Construction Industry

Despite the slowed down growth in the economy, UAE continues to make investments in construction and infrastructure to diversify its income from oil based sectors to other sectors of the economy including tourism, healthcare, education, housing, hospitality, transport, communication, banking and other commercial services.

The government is taking effective measures to drive huge foreign investment into the region and create more job opportunities in all sectors to promote higher economic growth. According to the new research, “UAE Construction Industry Outlook to 2012”, there seems to be high potential in the resources of the  country to achieve its economic aims and develop the sectors that will help increase traffic in the region and will continue to keep UAE a competitive economy in terms of inviting direct foreign investments.

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