RIB Software survey reveals positive outlook for 2024 ...United Arab Emirates

ME CONSTRUCTION NEWS - Local News
RIB Software survey reveals positive outlook for 2024
source : ME CONSTRUCTION NEWS ( United Arab Emirates ) () 42
Construction firms in the Sub-Saharan Africa and Middle East and North Africa (MENA) region are expecting a ‘busy and profitable 2024’. The majority of players in the segment are anticipating ‘an increase in revenue and projects’ according to the results of a survey conducted by RIB Software in November 2023. The survey comprises 292 responses from industry players, with 75% in Sub-Saharan Africa and 25% in Middle East and North Africa. The majority of responses were gleaned from building (31%), civil (27%) and general contracting (17%) operations. The majority of companies (87%) said they had recovered from the COVID-19 pandemic, citing rising input costs (51%), margin pressures (39%) and a

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