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Construction industry is still robust with more than 3,000 exhibitors from 53 countries due to participate in next week's Big 5 event |
Notwithstanding the worldwide credit crunch UAE construction sector is providing healthy business to international manufacturers and suppliers. Construction industry is still robust with more than 3,000 exhibitors from 53 countries due to participate in next week's Big 5 event.
"It would be foolish to suggest that the global financial situation will not impact the region and no doubt some projects will be scaled back. But the fact remains that the Arabian Gulf is one of the few places in the world where growth is expected to continue with governments supporting major infrastructure projects," Bernard Walsh, managing director of DMG world media, said.
According to figures so far, the PMV (plant, machinery and vehicles) area specifically has grown 70 per cent since last year's event, with 380 manufacturers and suppliers participating. Around 85 per cent of these are international companies, and the US is exhibiting for the first time as part of efforts to get its economy back on track.
