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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The UAE’s Minister of Foreign Trade, Dr. Thani bin Ahmed Al Zeyoudi, has chaired a high-level coordination meeting in Dubai, bringing together global shipping leaders and maritime industry representatives to tackle ongoing challenges affecting regional supply chains.
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