SMEs in the United Arab Emirates The United Arab Emirates has entered the financial crisis in an exceptional strong manner because of their strong financial payoff depending on the oil exports and the small population of the country. The main performance taken to absorb the crisis shock was relaxing monetary policies, providing capitals, and guaranteeing deposits in international financial institutes. However, there was a very begrimed decline in the real farming industry in Dubai, which highly modify the economy. Therefore the contractors and edifice sector was highly effected to lasther with financial services sector. Small centre size Enterprises SMEs is a very vital category in United Arab Emirates economy; it consists of 85% of UAE business sectores. The SMEs provides the biggest job creations and is the mainstay of business yield in the country. The global financial crisis has affected gravely SMEs, that they have attended to many different approaches to e xert their macrocosm in the market. In the construction industry, not hardly universe the biggest industry sector, it plays a very important use of goods and services in supporting other industries like manufacturing industry, and real estate so they depend on each other for their growth and economic development.
In UAE, and precisely talking about construction contractors, the contract companies are categorized as private, first, second, third, forth, and fifth. This system is utilize to discipline each contracting company depending on the technological power and capital on the size of projects they can turn over on. In our project we are looking into small and sensiti ve sized contracting companies which are cat! egories third, forth, and fifth. Details of the conditions and requirements of the companies are listed in (table 1). course of study Classification ConditionsProject Value for Participation monetary Conditions (Capital Value & Equipments) skillful Conditions (Permanent Technical Staff)Experience ( Completed Projects...If you want to get a intact essay, order it on our website: OrderEssay.net
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