Requirements for Economic Sustainability in the Yemen Construction Industry

The construction industry of Yemen is experiencing economic and technical problems, which permeate most aspects of the industry. In addition, construction procedures consume excessive capital, time and resources that have a direct flow-on effect for the national economy and the nation?s socio-economic development. Macroeconomic problems in unemployment, inflation and an inequitable balance-of-payments all add to the existing difficult economic situation in the construction industry. Further, the lack of appropriate infrastructure, weak and inefficient legal, administrative and financial institutions is also major contributor. The recent global shift to sustainable development requires that the construction industry in Yemen initiate important strategic developmental policies in order to meet future demand for economical and sustainable development. Based on a previously conducted survey into the existing local development barriers and moreover on a census of experts opinions and discussions on a set of developmental policies and strategies, this paper establishes a comprehensive list of requirements and recommendations integrated with cultural aspects and hardships of Yemen to initiate the process to economic sustainability.