UAE CONSTRUCTION SECTOR REVIVES: Dubai and Abu Dhabi's off-plan property boom is fueling a resurgence in the UAE's construction sector. After a challenging phase, including the liquidation of Arabtec and cashflow issues faced by several companies, there is now optimism within the sector. The recent launch of projects like Palm Jebel Ali and upcoming developments at Expo City and Palm Jumeirah are generating significant construction awards. Infrastructure projects, investments in healthcare and education facilities, along with stable material and shipping costs, are further contributing to the sector's momentum. While larger contractors secure major contracts, smaller firms are finding opportunities in villa projects. (By Nivetha Dayanand, Web Editor)
Afra Mubarak Al Nofeli/ Gulf News