With paying close attention to how the current situation of COVID-19 is critical to every construction and management company, PIPMC attended seminars held by BNC and studied their monthly journals in order to get a further insight on the matter and to remain updated with the latest fluctuations in the construction industry.
As the whole world is battling the COVID-19 pandemic, different companies are issuing journals with the latest news of the pandemic and their analyses on its effects. PIPMC studied BNC’s journal titled ‘Code Blue preventing a construction pandemic’ which focuses on the trending situation of COVID-19 and how the construction market is adapting to this urgent circumstance.
By analyzing BNC’s latest journal, it is understood that all GCC countries are not only dealing with the COVID-19 pandemic, but also with the concurrent sudden drop of oil prices. Moreover, BNC explained how construction companies were trying to complete their projects by the first quarter of 2020, but the precaution measures had the final say.
The BNC journal also explains what the UAE government is doing to elevate its economy and protect companies from the COVID-19 ramifications, as Abu Dhabi announced a package of 34 billion USD to support the country’s economy from the COVID-19 outbreak.