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NEW TECHNOLOGY 'TO DRIVE CONSTRUCTION SECTOR'

Aruba, November 17 2011 - New technology will help drive the UAE construction sector in the upcoming years, according to a recent report.
The report, “New Technologies Utilized in the GCC Market”, commissioned by The Big 5 2011, reveals that despite an international economic downturn, the GCC construction industry remains a significant area of growth, with the UAE and Saudi Arabia leading the way with construction spend in the upcoming year.

Building construction spend alone is projected at $184 billion between 2011 and 2015, according to the latest figures from Ventures on behalf of The Big 5, 2011.
The Big 5, the largest event for the building and construction industry in the Middle East, will take place at the Dubai International Conference & Exhibition Centre from November 21 to 24.

The report also highlights the development of new technologies in the region and the impact these will have on the industry. The report says that much of the growth in Abu Dhabi’s building sector can be attributed to Vision 2030 that focuses heavily on building industry growth across various sectors. Continued growth in the UAE is supported by projects utilizing the latest in technologies across a range of industries.

Read more / Source: http://www.tradearabia.com/news/CONS_208105.html

 

By orbitalnets.com