UAE has changed dramatically over the last three decades, becoming a major business centre with a more dynamic and diversified economy. UAE is an oil based open economy with major emphasis on industrial sector production. Oil export supports to a greater extent to the GDP as well as foreign exchange due to which the economy reaps high per capita income growth. The economy of UAE is going through an excessive economic boom in construction sector, service sector and expanding manufacturing base. A large number of tenders are sponsored by organizations in this domain.