UAE | General
Authorities to support construction industry
The impact of the global financial crisis on the economically vital construction sector in the United Arab Emirates is to be assessed at a federal government level seminar next month.
- XPRESS
- Published: 15:37 November 26, 2008
- Image Credit: Supplied
- The Big 5, the trade fair for the building and construction supply industry is taking place at Dubai International Exhibition and Convention Centre.
The impact of the global financial crisis on the economically vital construction sector in the United Arab Emirates is to be assessed at a federal government level seminar next month, it was revealed on Wednesday.
Details of the special seminar in Abu Dhabi under the patronage of Shaikh Hamdan Bin Mubarak Al Nahyan, the UAE Minister of Public Works, emerged on the sidelines of The Big 5, the region's biggest trade fair for the building and construction supply industry taking place at Dubai International Exhibition and Convention Centre.
“The whole industry will welcome this high level review of a sector which has such a vitally important role in the economy of the UAE,'' said Simon Mellor, Vice President Construction for show organisers dmg world media. “It comes at a time when UAE authorities are providing solid support for the sector.
“This year more than 3200 companies eager to secure business in the region are exhibiting at The Big 5. They are all aware that this is a region where 6 per cent growth is expected next year despite the global economic downturn.
“Global recession is forcing international companies to increasingly seek work outside of their home countries providing Middle East companies with greater competition in a region where governments remain committed to maintaining strong infrastructure growth in the face of the slowdown.''
The special seminar to be held on 24 December 2008 is being supported by the UAE Contractors Association – a voluntary body consisting of 730 member companies – which describes the construction sector as “one of the mainstays'' of the UAE economy over recent decades. The association is participating in The Big 5.
Commenting on the impact of the global financial crisis on the construction sector in the UAE, Khalfan Al Ka'abi, Head of the Contractors Committee of Abu Dhabi Chamber of Commerce, said, “…everyone expects that construction projects underway will continue as planned. The UAE economy remains strong and we will continue working with all contractors to help achieve their goals.''
More from UAE General
More from UAE
Latest news
- Tracks to be laid on recycled material
- Golden Hour crucial to a patient's survival
- Opening show worthy of UAE
- Sun is shining on prospects for solar power
- Artists focus on craftsmanship
- World leaders committed to supporting civilians
- Schools open a new page in teaching English
- Special parking to help disabled tourists
- Helping hand surgeons have long sought
- Blind woman lights up corridors of power
- In Mind
- At times, I think of committing suicide
- Designer of a creative haven
- Fund to help Dubai taxi drivers' families
- New life-saving fleet of vehicles
Community Reports
-
Warming up to ‘Mobilise the Earth' theme
Dubai school dedicates a whole week to celebrating Earth Day with can-collection drives, sapling plantation and painting competition among others
-
Drivers using mobiles put others' lives at risk
Speeding is dangerous for the driver and other motorists
-
Supporting the needy with food supplies
Group of families engaged in serving isolated labour community hopes to motivate more people to help underprivileged and hungry
-
Leukaemia boy granted wish to meet footballer
Emirati meets hero Al Qahtani, Al Ain team
