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FINANCIAL NEWS
UAE’s Musanada to increase maintenance services 30 percent this year
02 Jan 2014
(MENAFN) Musanada, a UAE-based property-services company, said it will boost its maintenance services by 30 percent over 2014 as the emirate”s economy expands, according to the National AE.
The UAE economy is expected to increase 3.9 percent this year.
Simon Williams, HSBC”s chief economist for the Middle East and North Africa, said: “[The UAE”s] is a growth story that has substance, and it”s gaining momentum. A significant recovery in infrastructure spending in Abu Dhabi” was behind the gains.”
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