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- The construction sector can be broadly classified into five categories: Commercial, Industrial, Infrastructure, Institutional and Residential.
- The reasons for this growth can be attributed to various macroeconomic factors conducive to the construction sector.Key Macroeconomic Trends Driving Growth in UAE Industrial Construction SectorUAE is one of the most diversified economies in the Gulf region.
- Looking at the Middle East, UAE can be seen as one of the fastest growing economy, with its construction industry ranked third among the construction industries of the Middle East countries.
- The construction industry is third largest economic activity after oil and trade, in the UAE, including approximately 6000 companies with most of the construction activities taking place in Abu Dhabi and Dubai.
- The industry’s output value in real terms is forecast to rise at a CAGR of 6.52% in the next five years period; up from 3.55% during the period 2010-2014.The promising future of the construction industry can be seen by observing its past trend.
- And to do that, they rely on a de facto standard reference architecture for managing currency risk.
- It is the single most important element in a well-run currency risk management program.
- More specifically, there are three key components of the de facto standard reference architecture for managing currency risk, including 1) exposure analytics and decision support; 2) a trading platform for trade execution; and 3) a TMS for trade accounting.
- In this article, I’ll explain what that reference architecture looks like, and the results it has enabled award-winning treasury teams to achieve.
- The treasury team collaborates with stakeholders inside and outside the business to facilitate decision making that takes currency risk into account.