The United Arab Emirates with Qatar and Saudi Arabia were identified as construction project hot spots by global business leaders in the construction and engineering sector.
Ranked at 3rd place, UAE was graded 8% as a key market by the industry of CEOs and 4% by the wider group on a global survey conducted by an accountancy firm.
Qatar took the top position as the most important markets which earned 12% from CEOs of construction and engineering firms followed by Saudi Arabia with
10% of industry CEOs and 4% of the wider group.
The CEO of a Spanish construction giant said that the development of international teams is “the most complex change” that major construction firms were facing.
The survey also reported that bribery and corruption worldwide was still cited as a concern for two-thirds of construction bosses, while 76% (compared to 55% of CEOs overall) expressed concerns about high and volatile raw materials markets.
Overall, 41% of company bosses in the sector expect their firm to grow over the next 12 months, with 26% citing geographic expansion as the best opportunity for growth.