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Analysis of Business Practice and Opportunities in the Construction Industry of UAE in Comparison to Gulf States

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Human Centred Intelligent Systems

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Abstract

This research focuses on the analysis of business practices and opportunities in the construction industry across United Arab Emirates (UAE). It describes emerging business practices and some business opportunities for investment. New state initiatives put in place that are geared towards global outreach are highlighted. It is evident that the economic focus shifts from oil to other means of investment, particularly building infrastructure is fundamental in the accelerated development of the internal market. The work draws extensively from secondary sources of information as the means of exploring available business data to better understand the industry in the context of the Gulf Cooperation Council (GCC) members. Various initiatives in line with the UAE Centennial that offer opportunities for foreign businesses are outlined. Extensive market has already emerged within the region in terms of technology, investment, and innovation, given the emerging business practices as a part of a tolerant and globalized environment. The paper analyses the outlook for the UAE’s construction industry in line with the current national initiatives. It provides insight into how the market can benefit from this shift and where opportunities lie for foreign input and investment.

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Sharif Zadeh, A., Dabnichki, P., Lunevich, L. (2022). Analysis of Business Practice and Opportunities in the Construction Industry of UAE in Comparison to Gulf States. In: Zimmermann, A., Howlett, R.J., Jain, L.C. (eds) Human Centred Intelligent Systems. Smart Innovation, Systems and Technologies, vol 310. Springer, Singapore. https://doi.org/10.1007/978-981-19-3455-1_6

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