UAE ambassador hints at construction boomby Carlin Gerbich on Apr 19, 2012
HE Mohamed Meer Abdalla Al Raeesi, the UAE ambassador to France, says the construction industry in the UAE may exceed the levels seen during its last boom.
Speaking to Construction Week Online during a whistlestop tour of the Intermat expo in Paris on Wednesday, Al Raeesi said that the construction industry in the country had picked up considerably in the past 12 months, and hinted that the future looked bright for the industry.
"Maybe next year, it will be even bigger than it was before the crisis," he said.
The UAE will host Intermat Middle East from 8 to 10 October at the Abu Dhabi National Exhibition Centre, with more than 250 exhibitors and 7,000 international buyers already signed up to participate.
"This is a very large show. It is very impressive, and I think that the UAE is definitely ready to do more events like this. We already have a very good IDEX, Dubai airshow - so yes, it is time for the UAE to do something like this," he added.
“This will be an opportunity to present the UAE construction companies, innovations, achievements and projects, and to exchange experiences among the exhibitors,” said Al Raeesi.
The ambassador met with several key international exhibitors with connections to the UAE and the Middle East. He was also taken on a tour of the enormous outdoor display areas and live-action arenas where earthmoving equipment and excavators were put through their paces.
The Abu Dhabi Department of Economic Development (DED) also held a seminar for contractors and companies looking to establish themselves in the UAE.
The DED is on a push to increase international investment in the UAE, and has several new e-services in the pipeline designed to help smooth business transition into the country.
- Qatar infra projects get $140bn investment
- 5.2% growth in salaries for Qatar: 2015 forecast
- CWQ Awards 2014 to bring together 'big players'
- Deyaar: Record increase in net profits for Q2 2014
- QD-CPC announces new business division
- Possible delay of GCC rail, says UAE Minister
- Carillion Alawi signs $202.6m Omran contract
- GCC govts to lead $898bn construction boom by 2020
- New office space causes Riyadh rents to fall
- Saudi firms win new Jizan deals worth over $18m