Danube expects UAE construction to rebound

Better market prospects is anticipated to emerge as the UAE construction market is poised for a rebound, said Danube Building Materials, one of the leaders in construction, building materials and shop fitting industries. With a recent report from the Dubai Chamber revealing that $714.8 billion (Dh2,629 billion) worth of construction projects are either at design stage or already under way in the UAE, the company is seeking to leverage the anticipated growth in local demand. The UAE still accounts for more than half of the $1.3 trillion GCC construction projects despite the industry grinding to a halt amid the global economic downturn, the report stated. Saudi Arabia has active projects worth $283.8 billion, according to the data, while Kuwait is the third biggest market in the GCC with $184.8 billion projects. With a view to take part in the construction upturn, Danube plans to leverage its nine existing retail facilities in the country, as well as its latest Dh50-million, 1.3 million square-feet manufacturing facility in TechnoPark, which will be functional by early 2011.NIKE AIR HUARACHE