For those who know the Arab Emirates it is easy to understand that in Dubai the main business is related to construction. As mentioned, construction is one of the three key sectors in the economic diversification process of the Emirate’s economy. The construction sector is the third most important industry in the UAE, after oil and trade with a total of about 6,000 companies involved, most of them based in Abu Dhabi and Dubai. The sector should record average growth of 6.5% up to 2019 (…).” (Source: Farnesina – The Ministry of Foreign Affairs in Italy). According to data provided by the MEED [Middle East Economic Digest -Ed.], in the first six months of 2016 44% of contracts awarded to the construction and transport sectors of the GCC [Gulf Cooperation Council -Ed.], were related to Dubai. Dubai, together with the other six emirates, sees the percentage rise to 58% In 1990 there was only one skyscraper in Dubai. Today there are approximately 900. Looking beyond the data of figures and the square metres, this provides the right unit of measure to gain an insight into the development opportunities also present for the lift sector.. Within this framework, the preparation for Expo 2020 represents a catalyst for growth in the construction sector.” Because of Expo 2020, work has begun on many a construction site:
– the expansion at the “Al Maktoum International Airport”, in the district of “Dubai South”, an area of over 145 km2
– to the construction of the third metro line connecting to the expo site
– the magnificent Dubai Creek Harbour, which will accommodate the skyscraper that shares the same name
Testimony to the importance of the sector it is also the continued presence of Italian companies at the main trade fair, the BIG 5, where Italy will continue over the years to position itself as the first partner country in terms of the square metres utilised and the number of participating companies. More and more companies are preparing themselves, either individually or collectively, to be present in this market.