Monday 18 April 2011

UAE competition could force out overseas contractors - Construction - ArabianBusiness.com

The hyper-competitive construction market in the UAE could force some overseas contractors to exit the market, according to senior figures in the industry.

"Overseas companies may leave - maybe what was working in 2007 to 2008 doesn't provide the basis for the number of firms that will be here in the future," said Al Habtoor Leighton managing director and CEO Laurie Voyer, who was speaking during the Cityscape Abu Dhabi event.

"There are far too many competitors for opportunities and somewhere along the line that will need to be sorted out."

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