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UAE Contractors Forum & Awards

Developing strategies and establishing best practices to overcome challenges faced by contractors in the UAE

The UAE construction industry has grown considerably over the past few years with the continued development of various Emirates stimulated by considerable government spending and renewed investment from the private sector. In 2013 alone, over US$150 billion of new projects were announced in the Emirates and, with the subsequent awarding of EXPO 2020 to Dubai, the investment is set to continue for the foreseeable future.

In light of these factors, Trojan Holding LLC sponsored the UAE Contractors Forum and Awards held in Dubai from 2 - 3 June. In this event we looked at existing opportunities for contractors in the UAE and discussed major challenges facing the industry, including:

  • Impact of increased competition on the profitability of contractors
  • Lack of availability of skilled labour and how that impacts the quality of work
  • Delivering projects on time and within budget using smart building technologies
  • Adhering to stricter sustainability and energy efficiency standards

Key factors driving growth in this sector include:

  • The regeneration of Abu Dhabi infrastructure, residential and commercial sectors in line with their 2030 economic vision
  • Dubai's re-emergence as an attractive destination for local and international real estate investors
  • Increased development in the hospitality, leisure and transportation sectors due to the awarding of EXPO 2020

 

                          

FACTS & FIGURES

Hitech is headquartered in Abu Dhabi, U.A.E with a dedicated multinational workforce of over 8,000 employees

Concluded the year 2016 with a record turnover and expects year on year growth of 30% in 2017

Hitech growth was fuelled by mega ongoing projects and we continue to see growth in aspiring markets

Hitech use a range of modern, high quality machinery worth AED 150 Million to produce the best possible results

Hitech has been awarded the ADNOC - Ruwais Housing Complex Expansion project

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