Economic analysis construction Assignment Example | Topics and Well Written Essays - 3000 words

Economic analysis construction - Assignment ExampleRealizing that this growth in the easy financial resources is not a sustainable growth strategy in the long-term, the UAE government has made some(prenominal) public commitments to reform its regulatory environment, strengthen the countrys macroeconomic foundations, sustain the rapid growth in the non-oil sector, and invest in human capital (World Economic Forum, 2).On the macro-economic level, economic recovery by and by the recent financial crisis is on a sustained track. UAEs economic recovery has continued to advance momentum in the recent past, driven by sturdy expansion in trade, tourism, manufacturing and transport. Additionally, the construction and accredited estate sectors have also bounced back from the slump experienced during the recession. On the back of a far-famed summon of consumer confidence, existent Gross Domestic Product (GDP) growth in 2013 stood at 4.0%, following a 4.4% growth in 2012, according to t he estimates provided by the International Monetary Fund (Bank Audi, 1). The GDP growth and the rebound in consumer confidence is a good development within the market the construction company intends to penetrate. This is because it exit create opportunities that will drive demand in the construction sector for commercial and residential real estate.The Abu Dhabi Government committed to finance an additional AED 330 billion in early 2013 for major developments over the glide slope five years. The governments commitment focuses on social development, specifically in the education, healthcare, housing, and selective strategical transport projects (Kerr, Ryburn, McLaren, & OrDentons 1).The UAEs real estate sector continues to be characterized by unique patterns in both major cities. While Abu Dhabis market remains subdued, Dubais market has been experiencing renewed development activities, an increase in prices, and growing concerns about a bubble comeback