Construction is a $41 billion industry in the UAE, and arbitration makes up 49% of dispute cases. Both metrics are growing—requiring law firms to navigate changing government policies, fierce competition, technological advancements, and communication gaps.
March 26, 2024 at 06:27 AM
6 minute read
Managing construction industry disputes, a key activity for law firms in the United Arab Emirates, is expected to become more challenging in the coming years as the industry grows and evolves, according to lawyers practicing in the region.
Construction is one of the central drivers of economic development in the UAE. The sector is estimated to be $41 billion in 2024 and projected to reach $50.4 billion by 2029, according to the market intelligence and advisory firm Mordor Intelligence.
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