Are we witnessing a trend towards new joint ventures or public-private partnerships to ease the present situation in the construction sector?
IJ: When it comes to joint ventures, contractors in the UAE are still unfamiliar with the mechanisms. Local contractors need to get into the culture of JVs as it could be beneficial. They need to familiarise themselves with new ways of working along with other companies. It is really beneficial to the local market and will result in increasing the financial and operational capacity of local contractors. DS: We are noticing that competitive tenders are becoming the norm due to the smaller volumes of work available and the subsequent increase in competition among construction companies. However, for better quality contractors there will always be opportunities for alliances or joint ventures with developers, provided they demonstrate to clients that they can add value under partnership arrangements. NG: Consolidation is the trend within the construction sector as players try to maximise economies of scale to improve their competitiveness in light of the global economic recession. The Ema
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