Construction in Abu Dhabi: How many good years left?

From: Middle East | Date: October 1, 1998| Author: | Copyright information

Abu Dhabi's construction industry is undergoing a slump. The fact that more than 60 small contractors have gone bankrupt has raised doubts on whether the industry will be able to survive without being sustained by the government. Amid falling oil revenues, will construction activity in Abu Dhabi pick up once again? Julian Taylor reports.

Civil works for major construction projects will be in demand in the GCC states as heavy investment in oil, gas and petrochemicals increases. The World Bank expects Middle Eastern countries to invest about four per cent of GDP in infrastructure over the next ...

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