|By TAP Staff| The reappearance of cranes on the Dubai skyline is encouraging analysts to predict that the emirate is soon set to reclaim the status it once enjoyed as the world’s crane capital.
Construction cranes have dotted the Dubai skyline and are seen to herald the economic growth, with a major build-up of momentum in the real estate activity.
Dubai was once home to almost 25 per cent of the world’s cranes during the height of the property boom and now is set for the revival era of the construction industry.
According to Simon Gray, Managing Director of Chesterton MENA, the requirement for equipments and machinery in the construction industry is anticipated to rise further in the UAE, especially in Dubai, owing to the real estate boom.
“Although the consolidation of activities related to the construction industry in the UAE is in Dubai and Abu Dhabi, the other emirates are not far behind. “Dubai has seen an increase in the real estate investment which is because of its predominant presence being in the centre of construction activities.
The trend suggests that the indications back up the fact that there will be no respite in the increase in construction activities,” Gray said. According to him, with the construction activities to take off, Dubai will once again be billed as the ‘crane capital’ of the world with several mega projects in the pipeline.
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