Report: 3.8% expected growth for the construction sector in the UAE 2021

Line Site, a company specialized in the construction consultancy sector, expected in a recent report that the construction sector in the UAE will grow by 3.8% during 2021.

In the report, of which Emirates Today obtained a copy, the company indicated that the Corona pandemic has effects in the Middle East region, as this sector is expected to witness modest growth in 2021.

For his part, the regional director of Line Site in the Middle East, Kiran McCormack, said that the construction sector in the UAE recorded a growth of 3.3% in 2019, and was expected to reach 4.3% in 2020 driven by a set of government initiatives and major projects. However, the Covid-19 pandemic has had a clear impact in this regard, coinciding with the decline in oil prices.

Therefore, growth is expected to contract to 1.9% this year, and to rise to 3.8% in 2021.

Follow our latest local and sports news, and the latest political and economic developments via Google news