Middle East Construction Business - Essay Example

This is done mainly to meet the growing energy demand and facilitate construction companies. Company strategy& decision 4 Sources say that the UAE lifted cement and steel duties in March to reduce the burden on contractors and stabilize the steel market.

The Dubai gold and commodities exchange launched its first steel rebar futures contract in October 2007 (Said Summer, Reuters 2008). The government has also paid attention to the rising dislike among laborers for the gulf as a job destination the reason for the dislike is the low wages, poor working conditions, and lack of job security. Update "The UAE government has announced a review of workers' wages in the construction sector, following a series of strikes recently. The Cabinet has ordered a study on the salaries of construction workers.