UAE Construction Market Set To Double In Four Years
According to the research firm, the market accounted for over 20 percent of total construction industry in the region at the end of 2008, followed by Saudi Arabia, Algeria and Egypt. At the of 2009, it was valued at around $21 billion, and is expected to touch $41 billion mark by the end of 2013.
RNCOS claims that all the important segments including tourism, hospitality, health care and retail are expected to continue attracting huge investments from both public as well as private investors. There are numerous projects under construction, and others are in the pipeline.
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