Abstract
Cultural and Economic Risks Factors in UAE Construction Projects
Highlights
The construction industry is an essential part of the economy due to its significant contribution to employment and the construction of new housing, commercial buildings and infrastructure, as well as the maintenance of existing structures (De Araujo et al, 2017; Yusof et al, 2016)
It is useful to note the following comment made by Interviewee 5: “There was a lot of willingness to say yes [to the presence of cultural differences], but not really a willingness to understand fully exactly what everyone was talking about so that they could progress properly”. This demonstrates the current lack of progress towards a detailed understanding of the effects and mechanisms of the risks associated with cultural diversity and other cultural aspects, including optimal ways to deal with these issues and risks in the context of the United Arab Emirates (UAE)
The aim of this article was to study various risks and risk factors related to success in UAE construction
Summary
The construction industry is an essential part of the economy due to its significant contribution to employment and the construction of new housing, commercial buildings and infrastructure, as well as the maintenance of existing structures (De Araujo et al, 2017; Yusof et al, 2016). The construction industry is one of the most risky and difficult, as well as rather effective industries in a country and tends to drive the economy more generally (Ehsan et al, 2010; Flanagan & Norman, 1993; Ghahramanzadeh, 2013; Hanna et al, 2013; Hwang et al, 2017, 2014; Iqbal et al, 2015; Liu et al, 2016; Lyons & Skitmore, 2004; Mills, 2001; Sambasivan et al, 2017; Serpella et al, 2014; Zhi, 1995) It is characterised by intensive financial input, complex procedures, long project durations, risky environment and partner relationships (Panthi et al, 2009; Sears et al, 2015). The local laws and regulations, and economic and financial factors, as well as a variety of local cultural and religious matters may be critical in completions of projects (Akanni et al, 2015; Al Mousli & El-Sayegh, 2016; Kivrak et al, 2009; Zarrouk et al, 2017)
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