Learn more about how India and the UAE’s construction business collaborations in the latest episode of Construction Week In Focus.
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India and the UAE have enjoyed a healthy cultural and commercial relationship for many decades, and the coming years could see their increased collaboration benefiting the Emirates’ construction industry.
In the latest episode of Construction Week In Focus, Neha Bhatia, editor of Construction Week, and Oscar Rousseau, deputy editor of Construction Week, review the joint efforts of both countries thus far in their respective construction sectors, and explore how this partnership may shape up in the future.
READ:PM Modi’s visit highlights India’s prospects for Middle East construction
Earlier in 2018, Indian Prime Minister, Narendra Modi, visited the UAE as part of his tour to the Middle East. While here, PM Modi delivered the keynote speech at World Government Summit (WGS) 2018, which was held in Dubai on 11–13 February.
As well as addressing topics such as technology, climate change, and economic reforms at WGS 2018, while in the Emirates, Modi met with the UAE’s Crown Prince, HH Sheikh Mohammed bin Zayed Al Nahyan.
The two leaders discussed India’s participation in Expo 2020 Dubai, and the prime minister suggested ways in which Indian companies could participate in the UAE’s ongoing infrastructure projects. They also reviewed the target of $75bn (AED275.5bn) that the UAE is set to invest in India’s infrastructure development.
Modi welcomed Abu Dhabi Investment Fund’s participation in India’s National Infrastructure Investment Fund (NIIF), and praised DP World’s deal with NIIF to create a joint investment platform for transportation and logistics businesses in India.
Construction Week In Focus is a weekly bulletin of the Middle East’s top news from the real estate development, contracting, MEP, facilities management, and equipment sectors.
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Construction WeekIn Focus episodes are published each Tuesday at 9am.