Private investment in Dubai real state sector has been the primary driver of UAE construction. Since 2004, Dubai has accounted for about nearly 57 per cent of all construction contracts in the UAE, with 81 per cent of those coming on real estate projects. Dubai real estate projects have accounted for over 46 per cent of all construction contracts awarded in the UAE over the past 16 years, and 19 per cent of GCC awards.The construction market crisis in Dubai has been impacted by the COVID-19, which led to the halt of construction work. This, in turn, has led to a reduction in net profits in the sector The pandemic will certainly be a severe impediment to growth, and could lead to investment priorities for sectors over others, but over the medium to longer-term, government investment will remain focused on upgrading physical infrastructure and reforming the financing and regulatory environment. Infrastructure projects are a key part of the UAE's econ...
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.