Challenges facing the Middle East construction industry: performance bonds – part two
11 November 2022
Challenges facing the Middle East construction industry: price escalation
-
Podcast 14 March 2022 14 March 2022
-
Middle East
-
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.
Read our short article on price escalation
If you would like to learn more about this subject or have a related legal query, please contact our Projects and Construction specialists.
End