ArabianBusiness.com - Middle East Business News
Tuesday, 06 January 2009 13:31 UAE time

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Construction chief predicts many firms will go bust

Construction chief predicts many firms will go bust

Construction & Industry
EXCLUSIVE: Dubai MD says cancelled projects will force many out of business.

  1. Dubai World Cup racecourse builders sacked

Berths go on offer at new luxury Dubai marina
Construction & Industry
Anchor Marina, set to open on Palm Jumeirah in Q1, offers five-year deals for yacht owners.

Dubai Maritime City on schedule for 2012 completion
Construction & Industry
Developers behind project say progress on target despite 'challenging' conditions.

Dubai World Cup racecourse builders sacked
Construction & Industry
UPDATE 1: Shares in Malaysian construction firm slump, breach of contract claimed.


more »MIDDLE EAST CONSTRUCTION & INDUSTRY COMMENT

Kuwait on the rise
Benjamin Franklin supposedly once said that there never was a good war or a bad peace. He'd obviously never been to Kuwait.

Rob Wagner  

The sky is not the only limit
Geotechnical and structural limitations will be major constraints to the increasing height of super-tall buildings in the future.

Dr. Harry Poulos

more » MIDDLE EAST MARKETS DATA

DFM

Last Price:

1,764.27

+1.07+0.06%

6 Jan 2009 09:27 GMT
(Market Open)

ADX

Last Price:

2,559.63

+33.96+1.34%

6 Jan 2009 09:12 GMT
(Market Open)

SSE

Last Price:

5,235.34

+54.99+1.06%

6 Jan 2009 09:12 GMT
(Market Open)

CURRENCY CONVERTOR

more »OTHER MIDDLE EAST BUSINESS NEWS STORIES

more »MIDDLE EAST CONSTRUCTION & INDUSTRY EVENTS

UPCOMING EVENTS

  1. Practical Pump & Valve Technology
    28 December 2008 | Dubai, United Arab Emirates
  2. Construction Inspection & Testing Skills
    4 January 2009 | Dubai, United Arab Emirates
  3. Effective Planning & Scheduling Methodologies And Skills
    4 January 2009 | Dubai, United Arab Emirates
See all events »

SPOT POLL

What do you see happening to the number of expats arriving in the Gulf region in 2009?

The number will continue to increase as the Gulf economies continue to grow.
There will be a large number of new arrivals but they will be cancelled out by those leaving.
It will fall. The decline of the construction, real estate industries will result in less jobs for expats.
The Gulf will see a huge exodus of expats fed up with the spiralling cost of living.
ArabianBusiness.com/Jobs - Middle East Jobs Search
  1. Environmental Engineer
    Industry: Construction
    Location: Oman, Oman
  2. Project Manager
    Industry: Construction
    Location: Russia
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Rich List 2008
EMIRATES ID DOWNLOAD

READER COMMENTS

  1. Dubai World Cup racecourse builders sacked 1
    06 Jan ' 09 at 09:50
    Here's a quandary for the developer - construction companies are notorious for running over time. Out of the big 5 remaining; Murray...  More »
  2. Blue City phase 1 on schedule for 2010 delivery 1
    05 Jan ' 09 at 17:19
    The Blue city is fast on the verge of becoming the modern day equivalent of the "Lost city of Ubar".  More »
  3. Fashion Décor attracts wide attention 1
    05 Jan ' 09 at 16:03
    Anyone know how to get in touch with these people?  More »
Read all user comments >

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