The ME products market seems to be slowing down, especially within the banking and commercial sectors. The only types of scheme that seem immune to the credit crunch are luxury residential developments and public-sector projects in transport, health, defence, schools, infrastructure and utilities. Lack of resources, the rising cost of raw materials such as copper, steel and aluminium, and the daily increase in the oil price have all affected project costs. There are also additional costs linked to compliance with sustainability legislation and increasingly stringent government targets on energy efficiency.
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