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UAE has 750 active projects says Proleads.
Despite the global slowdown, the UAE continues to be one of the most active construction markets in the world with more than 750 active projects in construction and 450 recently completed, according to a new report by Dubai-based research house Proleads Global
Although more than 400 projects with a total value in excess of $300 billion have been placed on hold or cancelled the rest are either in study, planning, design or bidding the report forecasts stability returning to the sector this year with some recovery in cash flow in 2010. The study identifies a slowdown in new projects in the commercial and retail; education and healthcare projects being placed on hold more often …
