February 23, 2024

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UAE’s building trade logs a whopping 135% surge in challenge bulletins

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In line with the report, challenge awards surged from Dh33.46 billion to Dh49.22 billion, underscoring the numerous investments being made within the nation’s infrastructure growth.

“We’re witnessing an thrilling development trajectory within the UAE’s building sector,” mentioned Avin Gidwani, CEO of BNC Community. “These outstanding figures replicate the unwavering resilience and dedication of the trade, positioning the UAE as a worldwide chief in building as soon as once more.”

Moreover, the GCC Power Index has recorded a notable YoY development of 46.7 per cent, indicating the area’s dedication to sustainable vitality growth.

Dubai, particularly, stands on the forefront of this resurgence, with bold plans to undertake quite a few sustainability tasks and initiatives, the report mentioned. Because the emirate prepares for a building growth paying homage to its golden period, companies and buyers anticipate the huge array of alternatives forward.

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