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Construction in United Arab Emirates (UAE) - Key Trends and Opportunities to 2025

  • ID: 5240550
  • Report
  • January 2021
  • Region: United Arab Emirates
  • 43 pages
  • GlobalData
1h Free Analyst Time

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Summary

The publisher expects the construction industry in the United Arab Emirates (UAE) to rebound in 2021, growing by 3.1% in 2021, following a decline of 4.8% registered in 2020. The industry is then expected to expand at an annual average of 3.8% between 2022 and 2025. The approval of a new Dubai Building Code is a positive development; the new code outlines a revised set of construction rules and standards and seeks to reduce construction costs by streamlining building rules. The UAE announced in August 2020 that it will deliver a three-stage 'flexible package' of measures to strengthen the economy, including steps to support the labor market and support investment.

The medium-term outlook still looks promising, as the government continues with its infrastructure plans, given various government initiatives such as the Energy Strategy 2050, the Sheikh Zayed Housing Programme and the Dubai Tourism Strategy. Infrastructure projects are a key part of the UAE's economic expansion, as not only the Emirate, but the overall Gulf Cooperation Council (GCC) region, still has huge infrastructure needs, as it seeks to build efficient transport and logistics networks as well as reliable supplies of clean energy. Also, Israel and the UAE have reached a historic deal to normalize ties opening up investment opportunities, where the countries agreed to develop a joint strategy to boost co-operation in the energy sector.

This report provides detailed market analysis, information, and insights into the UAE construction industry, including -
  • The UAE construction industry's growth prospects by market, project type and construction activity
  • Critical insight into the impact of industry trends and issues, as well as an analysis of key risks and opportunities in the UAE construction industry
  • Analysis of the mega-project pipeline, focusing on development stages and participants, in addition to listings of major projects in the pipeline.
Scope

This report provides a comprehensive analysis of the construction industry in the UAE. It provides -
  • Historical (2016-2020) and forecast (2021-2025) valuations of the construction industry in the UAE, featuring details of key growth drivers.
  • Segmentation by sector (commercial, industrial, infrastructure, energy and utilities, institutional and residential) and by sub-sector
  • Analysis of the mega-project pipeline, including breakdowns by development stage across all sectors, and projected spending on projects in the existing pipeline.
  • Listings of major projects, in addition to details of leading contractors and consultants
Reasons to Buy
  • Identify and evaluate market opportunities using the publisher's standardized valuation and forecasting methodologies.
  • Assess market growth potential at a micro-level with over 600 time-series data forecasts.
  • Understand the latest industry and market trends.
  • Formulate and validate strategy using the publisher's critical and actionable insight.
  • Assess business risks, including cost, regulatory and competitive pressures.
  • Evaluate competitive risk and success factors.
Note: Product cover images may vary from those shown
1 Executive Summary

2 Construction Industry: At-a-Glance

3 Context
3.1 Economic Performance
3.2 Political Environment and Policy
3.3 Demographics
3.4 COVID-19 Status

4 Construction Outlook
4.1 All Construction
4.2 Commercial Construction
4.3 Industrial Construction
4.4 Infrastructure Construction
4.5 Energy and Utilities Construction
4.6 Institutional Construction
4.7 Residential Construction

5 Key Industry Participants
5.1 Contractors
5.2 Consultants

6 Construction Market Data

7 Appendix
7.1 What is this Report About?
7.2 Definitions
7.3 Construction

List of Tables
Table 1: Construction Industry Key Data
Table 2: The UAE, Key Economic Indicators
Table 3: The UAE, Commercial Construction Output by Project Type (real % change), 2016-2025
Table 4: The UAE, Top Commercial Construction Projects by Value
Table 5: The UAE, Industrial Construction Output by Project Type (real % change), 2016-2025
Table 6: The UAE, Top Industrial Construction Projects by Value
Table 7: The UAE, Infrastructure Construction Output by Project Type (real % change), 2016-2025
Table 8: The UAE, Top Infrastructure Construction Projects by Value
Table 9: The UAE, Energy and Utilities Construction Output by Project Type (real % change), 2016-2025
Table 10: The UAE, Top Energy and Utilities Construction Projects by Value
Table 11: The UAE, Institutional Construction Output by Project Type (real % change), 2016-2025
Table 12: The UAE, Top Institutional Construction Projects by Value
Table 13: The UAE, Residential Construction Output by Project Type (real % change), 2016-2025
Table 14: The UAE, Top Residential Construction Projects by Value
Table 15: The UAE, Key Contractors
Table 16: The UAE, Key Consultants
Table 17: The UAE, Construction Output Value (Real, US$ Million)
Table 18: The UAE, Construction Output Value (Nominal, AED Million)
Table 19: Construction Market Definitions

List of Figures
Figure 1: Middle East and Africa, Construction Output (real % change), 2020 and 2021
Figure 2: The UAE, Construction Projects Pipeline by Sector (US$ Billion)
Figure 3: The UAE, COVID-19 Confirmed Cases
Figure 4: The UAE, Construction Output Value (Real, US$ billion, 2017 prices and exchange rate), 2016-2025
Figure 5: The UAE, Construction Output Value, by Sector (Real, US$ Million), 2016-2025
Figure 6: The UAE, Total Bank Credit to Construction and Real Estate (AED Million)
Figure 7: The UAE, Construction Projects Momentum Index
Figure 8: The UAE, Commercial Construction Output by Project Type (Real, US$ Million), 2016-2025
Figure 9: The UAE, Commercial Construction Projects Pipeline, Value by Stage (US$ Million)
Figure 10: The UAE, Industrial Construction Output by Project Type (Real, US$ Million), 2016-2025
Figure 11: The UAE, Industrial Construction Projects Pipeline, Value by Stage (US$ Million)
Figure 12: The UAE, Total Non-Oil Export (AED Million)
Figure 13: The UAE, Infrastructure Construction Output by Project Type (Real, US$ Million), 2016-2025
Figure 14: The UAE, Infrastructure Construction Projects Pipeline, Value by Stage (US$ Million)
Figure 15: The UAE, Energy and Utilities Construction Output by Project Type (Real, US$ Million), 2016-2025
Figure 16: The UAE, Energy and Utilities Construction Projects Pipeline, Value by Stage (US$ Million)
Figure 17: The UAE, Institutional Construction Output by Project Type (Real, US$ Million), 2016-2025
Figure 18: The UAE, Institutional Construction Projects Pipeline, Value by Stage (US$ Million)
Figure 19: The UAE, Residential Construction Output by Project Type (Real, US$ Million), 2016-2025
Figure 20: The UAE, Residential Construction Projects Pipeline, Value by Stage (US$ Million)
Figure 21: The UAE, Headquarters of Key Contractors (% of Total Project Pipeline)
Figure 22: The UAE, Headquarters of Key Consultants (% of Total Project Pipeline)
Note: Product cover images may vary from those shown
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