With The Big 5 just days away, we decided to offer a high-level guide for those construction stakeholders seeking entry to the market and how to do so most effectively while being aware of the common pitfalls.

Given its status as a cliché in the west, it should have come as no surprise to the UAE and Saudi Arabia when Benjamin Franklin’s statement on the certainty of tax finally came to fruition at the beginning of this year.

In coordination with our participation at this year’s Leaders in Construction Summit Kuwait, ProTenders offers an insight into the country’s construction sector and looks at some of the key projects that are contributing towards its long-term development strategy.

Help us understand current sales, bidding and tendering trends and pain points by taking this quick 1-minute Construction Survey (...and maybe win an Apple Watch). 

December 2017 saw quite a windfall for the UAE construction industry – with the implementation of Value Added Tax (VAT) looming, the most commonly used phrase became, ‘invoice now.’ The introduction of VAT is a GCC wide phenomenon that is touted to diversify the region’s dependency on oil. According to the International Monetary Fund, the introduction of 5% VAT will translate to revenue equating to 1.6% of the GCC’s GDP. While this diversification is of particular importance to the region, the question is how it will affect the construction industry in the short, and in the long term.