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FINANCIAL NEWS
UAE’s mechanical, elect sector to grow by 2017
20 Dec 2016
(MENAFN) Tourism developments and hospitality projects are predicted to drive growth in the UAE”s mechanical, electrical and plumbing sector.
Accordingly, the sector growth was likely to be almost 5 percent this year and would grow more in the coming year.
In addition, the recent total value of the MEP market in the country reached USD1.9bn and will grow by 20 percent in 2017.
Almost 36 projects that include 72.000 residential units were put on hold between Q4 2014 and Q3 of this year.
M
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