Connect UAE

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...

 The region has navigated its way to target every possible segment by infusing innovation and applying strategic business moves. Dubai may have already earned the regional MENA crown for some business sectors, but it has had mixed success uniting the fragmented region under a single fashion banner.  Dubai, the heart of the UAE, has been standing as a lucrative ground when it comes to the fashion industry.  While there is a consensus that the regional centre of gravity has shifted to Dubai, it is far from a one-stop-shop for global fashion executives Growth of the Fashion Industry in the UAE According to the Dubai Chamber Research, the UAE’s fashion retail market has contributed a considerable sum in 2018, which amounted to $12.3 billion, with an annual growth of 4.8 per cent. The industry is expected to grow more from 2019 to 2023 and will be having a significant impact on the retail sector to a great extent. Some of the highlights of Fashion Industry are ...