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Expert says 'financial issues' delaying project starts

Financial concerns are also affecting project schedules, Peikko's Antti Rousku told ConstructionWeekOnline ahead of the Leaders in Construction UAE Summit 2017

Financial issues are impacting project commencement in the region, an expert told ConstructionWeekOnline [representational image].
Financial issues are impacting project commencement in the region, an expert told ConstructionWeekOnline [representational image].

Financial concerns are delaying project commencements in the Gulf, an industry expert told ConstructionWeekOnline.

Antti Rousku, general manager at Peikko, said this trend consequently impacts project schedules.

READ: Leaders in Construction UAE 2017's sponsors speak

He continued: "When financial issues [are] solved, the time schedule for the actual construction phase is very short.

"We need to think about new solutions in construction to shorten building times, without compromising on quality and safety." 

Rousku was speaking to ConstructionWeekOnline ahead of the Construction Week: Leaders in Construction UAE Summit 2017, due to be held in Dubai on 19 September. 

Peikko's general manager expressed optimism about the Emirates' building sector. 

Commenting on the UAE's construction industry, Rousku said: "The volume and size of ongoing and planned projects is remarkable.

READ: What's on the agenda for the Leaders in Construction UAE Summit 2017?

"Also, the way of designing and building is developing rapidly.

"Being involved in the construction business in such a situation is very exciting." 

The summit, now in its eighth iteration, will be held at the Jumeirah Emirates Towers.

 

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Construction Week - Issue 743
Jun 01, 2019