The boom in the Gulf's construction sector is predicted to continue for the short to medium term, Gulf News reported. In fact, high oil prices will continue to boost the sector's growth, experts told the newspaper.
Incidentally, the value of the real estate projects in the GCC, Iran and Iraq has already crossed Dh2.75 trillion ($750 billion), with about a third concentrated in the UAE. This is higher than the region's combined gross domestic product (GDP), which is currently below $700 billion.
