The development in Africa and construction projects being developed

Africa is the 2^nd largest and 2^nd most populated continent of the world. The continent has Mediterranean Sea surrounding it at the north, has Suez Canal and Red Sea on the southeast, Indian Ocean on the southeast and Atlantic Ocean on the west of it. Madagascar is also included in this continent. The continent has around 54 states in total. It is considered to be the origin of human beings by the scientific community. It had an economic growth rate of 5% in 2010 and 5.5% in 2011.  It has varying climates as it is overlapped by the equator. Although consisting of plentiful natural resources, Africa still remains the poor and most undeveloped continent in the world. This is due to the reasons such as spread of diseases and viruses, poor planning, corrupt governments and low literacy rates.

Steps are being taken to improve the condition and economy of the Africa. Infrastructure development is being planned for it. European Union, USA and other NGOs are collecting funds and using those funds to ensure the proper availability of basic necessities like water, shelter, food and transportation to the people of Africa. The roads, telecommunication, railway lines, power and water conditions are being maintained and upgraded. Poor infrastructure is causing the productivity to become low thereby damaging the economy. To improve the economic conditions in Africa, the proper planning and development of infrastructure is necessary.

Due to this need, a lot of Construction Company is making their way to Africa. Steps are being made to encourage more construction company and contractors to work there as well as the existing construction company and contractors in Africa are experiencing a high business demand due to the development projects being introduced. These construction companies are structuring and building the complete infrastructure. New projects are being developed to get the economy and living conditions in Africa in such a condition that is acceptable for human living.

These projects include national digital network for water management. Funds are being collected from all over the world to finance this project.  A national training center for water treatment is also being developed. There is a power project namely Bujagali Hydro-power project being scheduled to be developed in Uganda which will provide as an efficient source of electricity thereby helping in overcoming power shortage problems. The Central African Economic and Monetary Community Trade Corridor Project is established to promote regional trade and provide cheap source of transportation to traders. ICT infrastructure in Nigeria is also being improved by expanding bandwidth and online access.

Due to all these developments and constructions, the property market in Africa is nowadays a heaven for investors there. Due to the increasing economic growth and improving life standards, the rentals have been increasing. Residential property has become expensive and it is expected that the prices will go up further. This expectation is the reason for the people to consider the investments in property in Africa a safe deposit that will earn return on their investment for sure. A lot of people are being advised by the advisors to invest in this safe heaven.

Building contractors in Dubai – United Arab Emirates

The United Arab Emirates in the Middle East is considered among the most developed states in the region in terms of construction and infrastructure development. United Arab Emirates has had its focus on the construction and real estate business since 2002 when the government passed a law to allow the foreigners and expatriates to buy, sell, and invest in the real estate properties in the United Arab Emirates. The government also planned to move forward progressing on a multibillion dollar development plan to bring the infrastructure up to international standards and for this purpose many building contractors in UAE were hired for residential and commercial construction projects. A number of building contractors in UAE including Arab Technical Construction Company, Saleh Construction, Al Habtoor Engineering, Al Shafar General Contracting Co. and Dubai Civil Engineering were issued tenders which worked very well and quickly brought the infrastructure in the United Arab Emirates up to international standards, especially in cities like Dubai, and Abu Dhabi which hosted major foreign investments from all over the world. This encouraged investors to further invest in various construction projects in United Arab Emirates as they very much appreciated the business friendly conditions created, easy legal procedures and infrastructure development done by the ruling government.

The Habtoor Leighton Group is one of the most dynamic and leading international building contractors mainly operating in Middle East, North Africa, and Asia. Providing employment opportunities to more then twenty thousand people, Habtoor Leighton is among the largest construction companies operating in United Arab Emirates and is known to develop or construct realistically useful, innovative, and rational result for its clients. Also the HLG has an immaculate reputation of working on huge, unique and extra ordinary projects for last forty years and this is why it is considered among the best in the construction business. The Habtoor Group mainly focuses on fields like Infrastructure development, Building, Rail, Oil & Gas, and Mining. The Habtoor group also has a number of other associated businesses like Advance Rail Group, Habtoor Specon, Habtoor STFA Soil Group, Thiess Services Middle East, Leighton Offshore Middle East, Habtoor ATCO, and Habtoor Steel.

A construction company in United Arab Emirates is the busiest company as there is a lot of construction taking place in all the Emirates, despite the fact that there is a long list of construction companies operating in UAE. It is a construction company that has built the United Arab Emirates, making it what it is today. Continuously growing tourism industry and increasing number of tourists and immigrants touring United Arab Emirates has been the main reason for the increase in demand of real estate properties in Dubai, Abu Dhabi, and in fact the whole of United Arab Emirates, to cater this continuously increasing demand of real estate properties in UAE foreigners and expatriates were allowed to either sell, buy, or invest in real estate properties which not only brought a lot of foreign investments but also a number of foreign construction companies that changed the course of building construction in the United Arab Emirates as these companies not only brought a lot of innovation but also new and unique ideas in the business.

Need & Scope of Infrastructure Contractors in UAE

Now the growing economy of the UAE has entered in a new area of transition in terms of revenue generation. Its major natural resources petroleum and gas are the sources of income, but these are not the main revenue sources for them as they have made a shift to other industries as well. So the UAE does not depend on these resources only to run its economy. Still Abu Dhabi is rich with natural resources that are contributing to its growing economy and also in the future, Abu Dhabi’s resources are not going to be ended very soon. All other six emirates of the UAE including Dubai are suffering from thinning natural resources. That’s why the UAE has expanded its fields for revenue generation and entered in different businesses like Construction Company, manufacturing, services, international financing and tourism. This is why we can see the best infrastructure contractors in UAE.

Among all businesses, the construction is vigorously prospering in the UAE because now the law has been passed in the UAE that allowed foreigners to buy freehold land with the lease of 99 years. This liberalization law has made possible for the investors to invest in property sector. Now there are many construction companies working both local and foreign. Some construction companies focus on the building construction and some are for infrastructure development. About 30% of total employment in Dubai is in some way involved in a construction company.

In the UAE, there are major urban developments being undertaken such as buildings, roads, transport system, ports, airports construction in UAE, islands, and attractive places for the tourists, business malls for retailers, education and health amenities and industrial zones. These developments are being undertaken according to the serious challenges of future. In UAE, Dubai has been the centre of attraction for many tourists and foreigners who come here which increases the number of tourists every year. That’s why Dubai is more developed as compared to other emirates of UAE. Now UAE’s government is taking steps to develop Abu Dhabi, Sharjah, Fujairah and Ajman. Now more infrastructure contractors in UAE are working for development of these emirates, still these emirates are less developed than Dubai.

In the sector of water and electricity, there are major developments due to rise in the demand in coming years. The increase in demand of electricity and water has come from developments in real estate sector that’s why it became necessary to increase the capacity of electricity generation, water supply and good sewage system to meet the future demands. Infrastructure contractors in UAE are working on new projects such as for renewable energy by solar system in Abu Dhabi and the projects of conserving energy in Dubai and other emirates. In the telecommunication sector since 2005, UAE has made competition by allowing more national companies in this sector to work and to contribute in UAE economy. Before this only Etilsalat was sole telecommunication company operating in UAE. Significant increase in business, economic activities and tourists in UAE has led airports construction in UAE. Many old airports have been expanded and for new airports more investment is being made for airports construction in UAE for coming years.