Thursday, 25 April 2013

United Arab Emirates Infrastructure Report Q2 2013

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United Arab Emirates Infrastructure Report Q2 2013
Apr 24th 2013, 00:00

BMI View: We maintain our forecast for 2013 construction industry real growth of 4.8% and see upsiderisks to our forecasts for 2013 and 2014, stemming from the buoyant activity we are witnessing in AbuDhabi and Dubai. Significant public spending, a growing tourism sector, increased direct foreigninvestment and an improved business environment are all driving activity in the construction sector.However, we are now seeing a more moderated scale of future projects, in line with a more realisticdemand picture. We believe this outlook will be supported by ongoing or re-started projects, rather than astream of new construction contracts.Factors driving construction ind...

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