Despite the current global economic challenges, the construction industry in the United Arab Emirates (UAE) remains optimistic and resilient. The region’s construction sector is one of the most dynamic in the world with steady growth and new opportunities.
Construction activity in the UAE is driven by its enormous investments into infrastructure. The region has a particular focus on sustainability-related infrastructure, including renewable energy projects and improved water resources. The UAE is also prioritizing the development of existing cities and economic zones as well as creating ambitious new projects, with Dubai itself at the centre of much of the development.
Despite the challenges posed by the pandemic, the UAE government implemented a number of initiatives to support the country’s economy. These included exemptions on corporate taxes, social security payments, reductions on electricity and water tariffs, and postponing the necessary real estate fees. These attractions have enabled construction works to continue an momentum which would have otherwise slowed.
Alongside this, new technology in the construction industry has helped to reduce inefficiencies and wastage. The trend towards Industry 4.0 and digitalised processes has enabled works to be designed, overseen and reported remotely. Automation has also helped to reduce costs while improving safety measures.
Overall, the optimism and