Replies to post #39091 on Sulja Bros. Building Supplies, Ltd (SLJB)

[golfndude]

i think everyone is cool with whats happened so far..except i don't think they expected the mm's to continue shorting...which is crazy if you ask me!!

[DAVE_007]

Mark..nice little bit of info I found surfing the net..
(especially the very last word..lol)

Dubai boasts the highest per-capita spend on construction the world after Japan, and it contributes around 7 per cent to GDP (US$7.4bn). In recent years, the sector has grown at over 25 per cent per annum. Given the high price of oil which is stimulating the broader economy, this trend is likely to continue.

The UAE Government is continuing to promote capital development projects in the areas of power, desalination, manufacturing and industrial zones. In line with the drive to develop infrastructure in the tourism and leisure sector, private sector projects such as commercial buildings, malls, entertainment complexes and hotels also represent significant opportunities as many of the products and services required are imported.