In the course of a recent study, it was found that companies in the private sector in the United Arab Emirates, not related to oil, have encountered an increase in the number of outstanding work due to payment delays. These companies are seeking ways to solve problems they are facing in the process of completing ongoing projects.
According to the results of the study, at the beginning of the second quarter, companies increased the level of recruitment to reduce pressure on production capacities and support the development of new business projects. Despite some decrease in the pace of growth, the production volume is still increasing, reaching the lowest level in seven months.
However, companies continue to believe that sales channels will support production growth in the following year. The PMI indicator for the United Arab Emirates, which is referenced by company leaders, remains at a seasonal level.
