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FINANCIAL NEWS
Al Jaber to grow more in Qatar, not UAE in 2011
18 Apr 2011
(MENAFN) Al Jaber Group’s Chief operating officer, Fatima Al Jaber, said that the group would not experience much growth in 2011 in the UAE, but that the company has a positive outlook for performance in Qatar this year, reported Arabian Business.
Al Jaber said that growth in Abu Dhabi would not exceed five percent for 2011.
Al Jaber also said that the company is currently implementing major housing, oil and gas and infrastructure projects in the UAE, however, the company is not being paid smoothly.
The COO commented that the company is currently taking more considerations when taking new projects regarding the client, the type of project in addition to cost of labor as these factors had been fluctuating recently.
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