Tag: Dubai Chamber of Commerce and Industry

"UAE construction projects are glowing as there are massive construction works currently taking place in Abu Dhabi, Ras Al Khaimah and other emirates in addition to the airport development projects, Dubai Metro, Union Railway and other infrastructure projects," he said. Al Mansouri said ongoing projects had placed Dubai at the top of international business destinations.

Business Monitor International's latest report on the country's automobiles market said it expects sales to increase to 352,913 in 2010, compared to 325,274 last year, despite continuing tightness of credit and the impact of the Dubai Metro.

It added that car ownership in the UAE is set to rise to 55.9 percent, up 0.5 percent from last year "despite the continuous lack of credit availability and the new Dubai Metro which has broadened publish transport options".

All the positive indicators for the year 2010 show that Dubai is still a sound investment destination in the region as is proved by the surge in the number of passengers travelling through Dubai International Airport, the timely launch of the Dubai Metro and other infrastructure projects.

"Despite a challenging 2009, a 2010 come-back looks imminent to us as the government continues to move forward with its infrastructure expansion plans such as the Dubai Metro, Al Maktoum International Airport and other major infrastructure projects," said Hesham Al Shirawi, second vice-chairman of the DCCI.