Mr. Salah Mohamed, Managing Partner at Omran Group, a UAE company – one of the largest companies specialized in the region in the field of tower cranes and heavy equipment – affirmed that the United Arab Emirates continues to consolidate its position as one of the most stable and attractive markets at the global level, supported by unprecedented construction momentum and rising investment confidence.
Mr. Salah clarified that the economic indicators in the United Arab Emirates are still strong and stable, supported by increasing local and global confidence.
He said:
“The UAE economy today does not only suffice with resilience, but continues to grow steadily, based on a clear strategic vision and balanced economic policies that have strengthened the country’s position as a global economic center.”
Regarding the role of government entities in supporting this stability, he answered saying:
“Government support is unlimited, and is clearly evident in the speed of decision-making, the flexibility of procedures, the continuity of projects, and the huge amounts that have been allocated, which has created a stable and growth-stimulating business environment.”
With regard to the impact of the current conditions on the company’s business, he confirmed that all the company’s projects are operating with high efficiency without any noticeable impact, and that the collection of payments continues with the same previous mechanism, which reflects market stability and the confidence of partners.
Mr. Salah mentioned that the company’s business has not been affected by the current conditions, but has maintained its level of performance and achieved positive results, which reflects the strength of its business model.
He revealed the most prominent achievements of the recent period, saying:
“The company has managed to sign three important contracts during the current period, which is a clear indicator of the continuation of demand and customer confidence.”
Regarding the urban scene in the country, Salah said:
“The tower cranes that fill the UAE sky today are no longer merely an indicator of local activity, but have become a reflection of the size of the global construction movement, as this dense spread reflects exceptional urban momentum that places the country at the forefront of the global scene, and we can say that tower cranes in the UAE almost equal the total cranes operating in the world.”
With regard to the real estate market, Mr. Salah said:
“The market has maintained its balance and has continued to attract demand, supported by strong confidence from citizens, residents, and investors from various parts of the world.”
He mentioned that the banking sector has not been negatively affected, but continues to support the private sector with the same efficiency, with the availability of facilities and the stability of financing policies, which reflects the strength and solidity of this sector.
He confirmed that confidence in the UAE market is at its highest levels, which is evident through the continued flow of investments and the expansion of projects.
He added, saying:
“We expect to emerge from this phase stronger and more resilient, and that the UAE market will continue its growth supported by factors of stability and confidence.”
