Page 77 - Magazine March 2021

Cover Story Contractors News

UAE construction many experts have expected and We, ASGC, are currently preparing for a market
confirmed, the construction industry rebound but with a different “normal” impacting

industry outlook: has been strongly hit by the effects of the requirements, products and environment.
pandemic and this trend is expected to continue
We are already focusing on infrastructure, oil and gas
The view from during the first half of 2021 as well. business streams and on expanding our presence in

We foresee that there will be changes in the Real other jurisdictions including not only other Emirates
ASGC’s Sameh Fam Estate Industry during the second half of 2021, but also other countries.

Managing Director where companies that survived the crisis, would We are also diversifying from core to growth and niche

be restoring themselves to emerge stronger.
sectors. We have established a new company “iBuild”
Companies will be forced to prepare for new
that will be targeting the medium scale projects
normalcy by innovating their strategies and
across the whole of the UAE, that ASGC scope was
diversifying their way of doing business.
not covering before.
The UAE construction industry is expected to grow
On a more general note, thanks to the vaccine
by 3.8% in 2021 (as reported by Construction Week).
campaigns that are making Dubai one of the world’s
Several new projects were delayed due to the
safest place and to the Expo 2020 that will attract
pandemic in 2020. We expect slow recovery in the
visitors, the second half of 2021 will be marking the
construction sector in H1 2021, with more focus on
beginning of a return to “normalcy” for Dubai, a city
medium sized projects. However, we anticipate that
focused on technologies and innovation.
towards end of 2021 and following the EXPO; there
The satisfaction of our clients, or as we prefer to
will be a surge in the number of new projects.
say our partners, remains our main focus. ASGC
Another benefit to the industry has been the approval
management ensures that we continue to perform our
of the Dubai Civil Code, which should help in reducing
projects following high safety standards while offering
the construction costs by streamlining building rules.
competitive prices, innovative financing models and
As per the latest industry reports, the UAE construction ensuring timely completion of the projects. We also

industry has a lot of projects planned or under way. offer design and build services and value engineering
This makes the UAE second-largest projects market proposals that add value to our clients.

in the Middle East and North Africa region. We are We achieve our goals by proposing innovative
optimistic that the construction industry will recover
technical and financial solutions which improve
at a more rapid pace than initially expected.
project productivity, performance and margins.

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