A.M. Best estimates that the Emirati market will continue its strong growth in 2013. The rating points out that insurers will continue to face significant challenges, including: a hard competitive environment, a highly fragmented market, volatile financial markets and regulators introducing changes and conveying uncertainty. A.M. Best nonetheless indicates that in the short and medium terms, the UAE market will remain the largest in the region. Its growth will be driven by tourism and massive public spending in various social programs including housing construction projects, road infrastructure and hospitals.