Opportunities abound for Indian companies but as Sachin Kerur explains, understanding the rules is vital
Only too aware of the need to diversify their economies, the Gulf Cooperation Council (GCC) states are planning significant development projects, even as oil prices decline. National governments will embark on massive construction and infrastructure procurement programmes. This provides Indian companies with enormous growth opportunities.
The primary destination of Indian know-how and ambition will continue to be the UAE, where the value of announced and planned construction projects hit $300 billion last year. The spending will continue as the country’s infrastructure spending matches its development aspirations. So what are the basics to be aware of?
High quality engineering consultancy (in the UAE it includes architectural design) and contracting businesses are highly regulated in the UAE. Individual emirates have their own regulations and a designer or contractor wishing to work in an emirate must be licensed in that emirate.
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Sachin Kerur is head of the Middle East region for Pinsent Masons.
Dubai
T: +971 4 373 9600
Email: sachin.kerur@pinsentmasons.com
