UAE construction industry expected to grow by 3.8% in 2021 – MEP MiddleEast

Source"MEP Middle East"
SectorReal Estate
CountryUAE Top Picks

Construction consultancy Linesight has released its latest Middle East construction industry findings, underlining the impact of Covid-19 on the sector in the UAE, Saudi Arabia, Bahrain, and Kuwait. As part of the company’s Knowledge Centre, the findings highlighted ongoing economic volatility. However, the construction industry across the region is expected to be buoyed by a range of government stimulus packages. As a result, modest growth within the industry is expected to be realised in 2021, with recovery already being witnessed in some countries. Ciaran McCormack, Regional Director for Linesight Middle East, said: “According to GlobalData, the UAE construction sector recorded growth of 3.3 percent in 2019. "Pre-Covid, this figure was expected to increase to 4.3% in 2020, predominantly driven by a range of government initiatives. With the onset of the virus ...read more...