INDUSTRY

Dubai developer backs construction sector to ‘get back on track’ soon

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Founder and chairman of Dubai-based Danube Group, Rizwan Sajan. Dubai-based developer Rizwan Sajan said “it’s just a matter of time for the [construction] sector to come back” in the Gulf region, despite the impact of Covid-19 pandemic. The founder and chairman of Danube Group, which has launched multiple projects across Dubai, said the construction sector in the GCC region is linked to the price of oil and once the price nears $50, the property market will see a resurgence in activity, including more projects being launched. “As long as oil price remains above the breakeven oil price level of […]

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