Middle East\u2019s construction industry didn\u2019t experience any notable disruptions despite the global economic slump that occurred in 2008\/2009. It may have experienced some jabs when the real estate sector in Dubai was affected but the overall demand for construction in the region remained very much active over the years.<\/p>\n
Big construction companies see the region\u2019s transportation roads as the key element in allowing the construction market to remain strong despite the economic downturn. Middle Eastern governments remained firm in the decision to enhance their public facilities so even if Dubai declared a budget deficit<\/a> in the past, construction activity remained in-demand in other areas such as Saudi Arabia, Qatar, and Abu Dhabi. In a survey conducted by the Norton Rose FulBright<\/a> in 2009, it was revealed that some of the key players in Middle East\u2019s construction industry were optimistic in the region\u2019s construction business. Fifty five percent of the participants believed that the effects of the slump will fade over a year and fully recover by 2010. In addition, 81% of them also thought that building infrastructures will contribute greatly to the recovery of Middle East\u2019s economy during the downturn. It is because of these driving beliefs that the construction industry in the region remained alive. According to the survey, the key players who participated in the study had a combined turnover of US$11.7 billion (AED42.9 billion).<\/p>\n Today, the construction industry in the Middle East remains positive as ever.<\/p>\n