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UAE construction sector still active by global standards

Posted on 30 July 2009

From Europe-re.com: Despite the global slowdown, the UAE continues to be one of the most active construction markets in the world with more than 750 active projects in construction and 450 recently completed, according to a new report by Dubai-based research house Proleads Global.
Although more than 400 projects with a total value in excess of US $300 billion have been placed on hold or cancelled, (the rest either in study, planning, design or bidding), the report forecasts stability returning to the sector this year with some recovery in cash flow in 2010………Full Article: Source


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