According to the “Gulf News” reported on August 20, the London-based architectural assets consulting company EC Harris recently released the report “2014 international focus on the UAE”.
The report noted that many large projects underway in the UAE, investment in infrastructure is also gradually increased. In 2014 has been announced and planned construction projects will reach $ 315 billion. According to the company’s cost index, in 2014 the UAE construction costs will rise by 4% -5% and in 2015 will rise by 6%.
The report is expected according to increase the UAE GDP, growth in the industrial sector, the market environment and construction tender price level, etc., UAE construction market in 2014 will remain strong.
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