A dramatic drop in optimism for the GCC’s construction sector has been seen over the last 12 months, according to a new survey. At the annual Construction and Engineering Law Conference, just 32% of respondents were optimistic heading into 2016, compared to 77% in 2014. Head of Middle East Region at Pinsent Mason, Sachin Kerur says as market conditions harden, several things are likely to happen.
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His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi, has stressed the need to build an integrated global economic system to overcome challenges faced around the globe.
