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- Active construction, growth in exports in the UAE and news from Deyaar
High levels of activity in the UAE's construction sector are expected in 2022.
According to the Royal Institution of Chartered Surveyors' monitor, a UK-based institution, the leading factors will be: 1 Infrastructure works 2 Private housing 3 Non-residential works Nearly 20% of respondents reported growth in demand for construction work in Q4 2021.
Deyaar recorded a net profit of $13.8 million in 2021.
Most of the profit is related to the achieving sales of $272 million in the Regalia project
UAE exports are projected to cross $299 billion by 2030.
According to Standard Chartered forecasts, exports will increase at an average annual rate of more than 6%. Global exports will increase to $29.7 trillion from 2022 to 2033. Currently, 22% of global corporations do or plan to operate in the UAE within the next 5 to 10 years. Sources: Arabian Business, Gulf News
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