UAE: Dubai

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With greater emphasis being placed on quality rather than quantity, the real estate sector is witnessing increasing competition in the facilities management sphere, presenting opportunities to experienced companies looking to maintain both commercial and residential buildings.
Tourism is cementing its position as one of the leaders of Dubai’s economic recovery from the global recession, as a burgeoning holiday trade leads to growing numbers of tourist arrivals that help to fill the new hotels. Lingering uncertainty in the wider market, however, could give pause to rapid hotel development.
With food security becoming an increasingly important issue globally, and in the arid Middle East in particular, Dubai appears to have positioned itself to play an important role in meeting the most basic needs of the region, having emerged as a major processing and food re-exporting centre.
The local economy appears set to sustain its recent upward momentum, as investor confidence returns and some core sectors rebound. However, there are still concerns that weak performance of key trading partners and tight liquidity could hold back expansion.
Working to strengthen its reputation as a shipbuilding and maritime centre, Dubai is looking to leverage its location astride one of the busiest shipping lanes in the world and the growing need for local and regional maritime support to develop a major shipbuilding and maintenance industry.
A major software developer’s plans to open a training centre in Dubai look set to strengthen the emirate’s bid to become a regional information technology (IT) centre, although growth in the sector could be hindered by the constraints start-ups face in finding financing.

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