New Thinking for the New Normal

The region-wide fiscal rebalancing triggered by the fall in oil prices since 2014 has had a profound effect of the region’s construction industry.

Many of the issues that have dogged the industry for years such as late payments, unequal contracts, and disputes over project variations, have been exacerbated by the slowdown in new projects. And contractors say that cash flow is the biggest challenge that they are facing today.

But just as the region’s governments have responded to lower oil prices with-ranging reforms, the drop in oil prices also presents an opportunity for the UAE construction industry to change and to get rid of some of its entrenched, self-harming practices.

In New Thinking for the New Normal, a construction industry research report from MEED in partnership with Mashreq, senior stakeholders from across the UAE construction industry set out their views on the challenges facing the UAE construction industry today. And on the opportunities for change.

Download New Thinking for the New Normal now to find out about the opportunities and challenges facing UAE construction. 

Related Posts
Prequalification starts for Al-Maktoum airport terminal works
The Dubai airport expansion project is expected to cost $33bn Dubai Aviation Engineering Projects (DAEP) has invited contractors to prequalify for a major construction contract on the $33bn Al-Maktoum International airport ...
READ MORE
The infrastructure financing challenge
Despite the appetite for a growing pipeline of infrastructure projects, significant barriers remain to the flow of global liquidity into the regional project market Across the Middle East and North Africa ...
READ MORE
UAE restructures Etihad Rail
Heads of transport authorities in Dubai and Sharjah named among Etihad Rail board of directors UAE President Khalifa bin Zayed al-Nahyan has issued a federal decree restructuring the Etihad Rail board ...
READ MORE
Dubai construction sector will continue to decline
More projects are being completed than started as Expo 2020 deadline looms Dubai’s construction sector is in delivery mode. With just over one year to go until the opening of Expo ...
READ MORE
Abu Dhabi receives bids for next Etihad rail package
Etihad Rail last week awarded AED4.4bn-worth of contracts for packages B and C to a Chinese/local team Etihad Rail has received bids for Package D of the second stage of the ...
READ MORE
Construction faces a step change under Industry 4.0
Construction must look to the manufacturing sector for lessons on digitalisation and automation as the focus shifts from bricks to bots The ‘fourth industrial revolution’ or Industry 4.0, and technologies such as ...
READ MORE
Middle East contract awards: September 2018
Egypt leads value of deals signed Egypt helped the Middle East record the highest value of deals let to date in 2018, with the country’s $7.8bn of contracts signed forming the ...
READ MORE
Smaller markets lead Gulf index growth
Saudi Arabia and the UAE each shed 0.1 per cent during the week of 8-14 September 2018 Data shows value of projects planned or under way ($bn) Led by Oman, country indices ...
READ MORE
Retrofitting key to sustainable construction
Retrofitting built structures is an efficient way to meet national net zero carbon targets With Covid-19 impacting businesses and altering the way we work and live, it is imperative that the construction ...
READ MORE
Abu Dhabi signs financing deal for Etihad Rail stage 2
Etihad Rail received prequalification applications from potential bidders for design and build contracts on stage 2 The UAE Ministry of Finance and the Abu Dhabi Department of Finance have signed an agreement for ...
READ MORE
Prequalification starts for Al-Maktoum airport terminal works
The infrastructure financing challenge
UAE restructures Etihad Rail
Dubai construction sector will continue to decline
Abu Dhabi receives bids for next Etihad rail
Construction faces a step change under Industry 4.0
Middle East contract awards: September 2018
Smaller markets lead Gulf index growth
Retrofitting key to sustainable construction
Abu Dhabi signs financing deal for Etihad Rail
13 December, 2017 | .By RICHARD THOMPSON