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UAE:Construction Industry Opportunities(22-26)

United arab emirates cabinet approved the US$79 billion budget for 2022-2026 in October 2021.

In dubai the Construction demand continues to be strong in the run-up to Expo 2020, supported by new tourism and hospitality projects and public spending on infrastructure, although rising materials costs and funding constraints are exerting pressure on profit margins.

United arab emirates construction market  opportunities for growth during the forecast period, which is expected to further drive market competition.

Expo 2020 event will provide positive support to the economy, low base effects and pent-up demand will help to generate positive growth when compared to the levels of 2020

 New Dubai Building Code in October 2020 is a positive development; the new code outlines a revised set of construction rules and standards and seeks to reduce construction costs by streamlining building rules.


 It also approved the AED58.9 billion (US$16 billion) general budget for 2022, with a focus on improving infrastructure, along with social care, health and educational services


UAE have reached a historic deal to normalize ties opening up investment opportunities, where the countries agreed to develop a joint strategy to boost co-operation in the energy sector.


. The budget includes an allocation of AED980.5 million (US$267 million) for federal projects, of which AED751.5 million (US$204.6 million) is allocated for energy and infrastructure projects.


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