Recently Released Market Study: United Arab Emirates Infrastructure Report Q4 2013
We maintain our forecast for 2013 construction industry real growth of 4.8%. This view is premised upon increasingly buoyant activity we are witnessing in Dubai in particular; and the expectation that Abu Dhabi will follow suit. This is despite a large revision in historical data by the UAE authorities last quarter. Significant public spending, a growing tourism sector, increased direct foreign investment and an improved business environment are all driving activity in the construction sector. However, we are now seeing...
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