Gulf Arab construction sector challenged, despite gradual rebound

DUBAI, Nov. 11 (Xinhua) -- The Gulf Arab construction, albeit in a modest comeback mode, suffers from a rough business and financial climate, said the CEO of Dubai-based maintenance and plumber firm Drake and Scull International (DSI) in an interview with Gulf Business on Sunday.

Khaldoun Tabari said the industry shall not be blended by recent reports of a pickup in real estate activity in the Gulf Arab region. "It will remain a challenging market," he told the Dubai weekly Gulf Business.

While Tabari affirmed that the construction sector was on a revival track, "a lack of funding options" was weighing on the market, he said, adding that DSI's biggest problem was the collection of payments from customers.

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