• search
For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

Dubai faces 500,000 construction workers' shortage

By Ians
|

sdf
Dubai, April 20: With the real estate sector in the Gulf Arab emirate Dubai showing no let-up in expanding, the construction sector is all set to witness a shortage of 500,000 workers by 2015, a media report said on Saturday.

According to a survey initiated by the Dubai international academic city (DIAC) and conducted by consultancy Deloitte, construction firms and developers face a shortfall of 500,000 workers across all career levels and divisions as massive public and private projects fuel an unprecedented real estate boom in the sheikhdom, reported Xinhua citing the Gulf News daily.

The study showed that building and construction project management skills are most lacking among senior levels, according to 43 percent of the companies surveyed.

Likewise, 54 percent of the companies believe that design engineering skills are lacking among mid-level professionals, followed by civil engineering skills, said the report.

Dubai's winning bid to host the World Expo in 2020 also boosted the construction sector, with average rents having risen by 23 percent during the first quarter of 2014, according to real estate consultancy Jones Lang LaSalle.

The report quoted estimates by HSBC bank saying that about 45,000 new hotel rooms will be needed for the event.

The total infrastructure works for Expo 2020 is estimated at 12.54 billion Dirham or about $3.40 billion, producing a large demand for talent and skilled workers to decent on the UAE for job opportunities.

The Dubai government launched last year several new projects, including a new city within the city named by Dubai ruler Sheikh Mohammed Bin Rashid and a free zone for the design industry which shall play a key central role during the expo event.

IANS

For Daily Alerts
Get Instant News Updates
Enable
x
Notification Settings X
Time Settings
Done
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Oneindia sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Oneindia website. However, you can change your cookie settings at any time. Learn more