ISSN: 2222-6990
Open access
The United Arab Emirates (UAE) construction industry is an essential part of the country’s economy. It provides a significant contribution to employment, housing, commercial buildings and infrastructure. The aim was to study various risks and risk factors related to success of UAE construction projects. An in-depth interview approach involving clients, contractors and consultants was used. It was noted that the differing perspectives of the three main categories of clients, contractors and consultants were critical to success, with communication factors amongst the three identified as playing a most critical role in success. A large of cultural difference was also noted within the workers in UAE industry. There was a lack of understanding of the effects and mechanisms of the risks associated with cultural diversity, including optimal ways to deal with issues and risks. Specifically, this paper identifies the major cultural and economic risks factors that impact the success of large projects.
Adams, F.K. (2008). Construction contract risk management: A study of practices in the United Kingdom. Cost Engineering, 50(1), 22-33.
Aje, I. O., Oladinrin, T. O., & Chibuike Nwaole, A. N. (2016). Factors influencing success rate of contractors in competitive bidding for construction works in South-East Nigeria. Journal of Construction in Developing Countries, 21(1), 19-34. doi: http://dx.doi.org/10.21315/jcdc2016.21.1.2
Akanni, P. O., Oke, A. E., & Akpomiemie, O. A. (2015). Impact of environmental factors on building project performance in Delta State, Nigeria. HBRC Journal, 11(1), 91-97. doi:10.1016/j.hbrcj.2014.02.010
Akintoye, A. S., & Macleod, M. J. (1997). Risk analysis and management in construction. International Journal of Project Management, 15(1), 31-38.
Al Harthi, B. A. (2015). Risk management in fast-track projects: A study of UAE construction projects. PhD thesis, University of Wolverhampton, Wolverhampton. Retrieved December 27th, 2015 from: http://hdl.handle.net/2436/579553
AL Mousli, M. H., & El-Sayegh, S. M. (2016). Assessment of the design–construction interface problems in the UAE. Architectural Engineering and Design Management, 12(5), 353-366.
Al-Hajj, A., & Sayers, A. (2014). Project management performance in the UAE construction industry. In computing in civil and building engineering. Proceedings of the 2014 International Conference on Computing in Civil and Building Engineering (pp. 1530-1537). American Society of Civil Engineers. doi: 10.1061/9780784413616.190
Al-Maamary, H. M. S., Kazem, H. A., & Chaichan, M. T. (2016). The impact of oil price fluctuations on common renewable energies in GCC countries. Renewable and Sustainable Energy Reviews. doi: http://dx.doi.org/10.1016/j.rser.2016.11.079
Al-Malkawi, H., & Pillai, R. (2013). The impact of financial crisis on UAE real estate and construction sector: Analysis and implications. Humanomics, 29(2), 115-135. doi:10.1108/08288661311319184
Al-Sabah, R., Menassa, C. C., & Hanna, A. (2014). Evaluating impact of construction risks in the Arabian gulf region from perspective of multinational architecture, engineering and construction firms. Construction Management and Economics, 32(4), 382–402. doi: http://dx.doi.org/10.1080/01446193.2014.884281
Altoryman, A. (2014). Identification and assessment of risk factors affecting construction projects in the Gulf region: Kuwait and Bahrain. PhD thesis, The university of Manchester, Manchester. Retrieved August 16th, 2017 from: https://www.escholar.manchester.ac.uk/uk-ac-man-scw:221966
Anton, A. J. M., Rodriguez, G. S., & Lopez, A. R. (2011). Financial risks in construction projects. African Journal of Business Management, 5(31), 12325-12328. doi: http://dx.doi.org/10.5897/AJBM11.1463
Babatunde, S. O., & Perera, S. (2017). Analysis of traffic revenue risk factors in BOT road projects in developing countries. Transport Policy, 56(7), 41-49. doi: http://dx.doi.org/10.1016/j.tranpol.2017.03.012
Baghdadi, A., & Kishk, M. (2015). Saudi Arabian aviation construction projects: Identification of risks and their consequences. Procedia Engineering, 123, 32-40. doi: http://dx.doi.org/10.1016/j.proeng.2015.10.054
Biygautane, M. (2017). Infrastructure public–private partnerships in Kuwait, Saudi Arabia, and Qatar. Public Works Management & Policy, 22(2), 85-118. doi: http://dx.doi.org/10.1177/1087724X16671719
Bodolica, V., Spraggon, M., & Zaidi, S. (2015). Boundary management strategies for governing family firms: A UAE-based case study. Journal of Business Research, 68(3), 684-693. doi:10.1016/j.jbusres.2014.08.003
Chapman, C. (1997). Project risk analysis and management-PRAM the generic process. International Journal of Project Management, 15(5), 273-281.
Charfeddine, L., & Ben Khediri, K. (2016). Financial development and environmental quality in UAE: Cointegration with structural breaks. Renewable and Sustainable Energy Reviews, 55, 1322-1335. doi: http://dx.doi.org/10.1016/j.rser.2015.07.059
Chen, Z.,
In-Text Citation: (Hasani, 2018)
To Cite this Article: Hasani, M. AL. (2018). Cultural and Economic Risks Factors in UAE Construction Projects. International Journal of Academic Research in Business and Social Sciences, 8(12), 449–471.
Copyright: © 2018 The Author(s)
Published by Human Resource Management Academic Research Society (www.hrmars.com)
This article is published under the Creative Commons Attribution (CC BY 4.0) license. Anyone may reproduce, distribute, translate and create derivative works of this article (for both commercial and non-commercial purposes), subject to full attribution to the original publication and authors. The full terms of this license may be seen at: http://creativecommons.org/licences/by/4.0/legalcode