Two Stages Better Than One?

Hardly a day passes without us being subjected to images of those former masters of the universe from Wall Street slumped at their desks with pained expressions. The global banking and equity markets remain very jittery and it is unlikely that things will change any time soon. All elements of the global economy are affected including the construction sector of course. With the value of construction and infrastructure projects in the UAE almost five times its estimated GDP value, the importance of delivering these projects on time without vast cost overruns is now a major concern as development finance to the Gulf construction industry could well slow down.

Alongside the global economic crisis, strains in the regional material and resources supply chain remain and many clients want to procure their projects on a fast track timetable to mitigate rising costs and tight credit lines.