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...
Ashiq Moideen;holds a Master of Business Administration (MBA) in International Business and Marketing from VMRF College (Chennai) and a Bachelor of Engineering (Hons) in Civil Engineering . Highly motivated MBA International Business graduate with a passion for international relations and diplomacy seeking to launch a career in Foreign Service. My education in International Business has equipped me with a deep understanding of global economic and political systems.