The UAE economy is poised for stronger growth, recovery, and prosperity in H2 2023. The country is supported by robust track record of economic successes that have established it as an innovation-driven economy. The economy’s resilience, which has passed through the stage of recovery from the consequences of the Covid-19 pandemic, is reflected in the positive forecasts of the International Monetary Fund (IMF) and World Bank. Moreover, liberal trade policies in the country are attracting foreign investors and boosting the UAE construction market. The country is also embracing the Private Public Partnership (PPP) model at a rapid pace. The construction outlook looks promising for 2023 as the government continues with its infrastructure plans through various government initiatives, such as the Energy Strategy 2050, the Sheikh Zayed Housing Programme, and the Dubai Tourism Strategy.
This Ventures Onsite report provides insights into the UAE’s economy, budget, construction industry and its sectors, and major projects.