Real estate projects in Sharjah unaffected by global financial crunch
According to Saif Mohammad Al Midfa, DG, Expo Centre Sharjah, the real estate market in Sharjah is mature and construction projects remain unaffected by the global financial crisis.
Saif Mohammad Al Midfa said, "Though the inflow of foreign capital might have slowed down, regional as well as local investment in the sector continues to remain strong and this will propel the sector to greater heights."
The government has lent its support to the financial sector in the country ensuring growth in all sectors of the economy. According to UAE Central Bank figures, the construction sector in the UAE grew by more than 25% in 2007 while it increased to 25.4% from Dh46.4 billion in 2006 to Dh58.3 billion last year.
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