Challenges facing the Middle East construction industry: price escalation
Projects & Construction
In this podcast episode, Alexa Hall and Richard Harding QC explore the potential options open to contractors operating in the UAE to recover their additional costs.
Our podcast series focuses on the key challenges facing the construction industry in the Middle East. We first explore price escalation, which is a widespread concern amongst many contractors in the region. The price of steel has increased globally, shipping costs are five times higher than pre-COVID-19 levels and containers are becoming increasingly harder to source.