The UAE construction sector’s pace is set to rapidly accelerate in 2014, with the government announcing a number of major development projects and stepping up spending on social infrastructure development. An April 2014 report by consultancy Ventures Middle East, “Exploring UAE’s Strong Investment Environment” remarks that the new projects, combined with many previously stalled projects now forg- ing ahead, will continue to bolster the 2013 upswing into 2014. The same report remarks that the UAE’s GDP for 2014 is set to grow at 4% to reach USD 404 billion, up from 390 billion in 2014, fuelled by the construction sector upturn and support from the oil & gas sector.
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