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Construction in the United Arab Emirates (UAE) - Key Trends and Opportunities to 2025 (Q4 2021)

  • ID: 5505049
  • Report
  • November 2021
  • Region: United Arab Emirates
  • 46 Pages
  • GlobalData
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The publisher has maintained its growth forecast for 2021, with the industry expected to expand by 4.4% in real terms this year, before registering an annual average growth of 3.9% from 2022 to 2025. The hosting of the ongoing Expo 2020 event (1st October, 2021-31st March, 2022) will provide positive support to the economy, while low base effects and pent-up demand will help to generate positive growth when compared to the levels of 2020.

The UAE cabinet approved the AED290 billion (US$79 billion) budget for 2022-2026 in October 2021. It also approved the AED58.9 billion (US$16 billion) general budget for 2022, with a focus on improving infrastructure, along with social care, health and educational services. The budget includes an allocation of AED980.5 million (US$267 million) for federal projects, of which AED751.5 million (US$204.6 million) is allocated for energy and infrastructure projects.

In October 2021, the UAE became the first country in the Gulf Cooperation Council (GCC) region to commit to carbon neutrality, with the country announcing a target to cut carbon emissions to net zero by 2050. To achieve this target, the government plans to invest AED600 billion (US$163.4 billion) on renewable energy over the next three decades. In addition to this, the industry’s forecast-period growth will also be supported by government initiatives such as the Sheikh Zayed Housing Programme and the Dubai Tourism Strategy. In October 2021, the government announced that over 11,000 new residential units are currently being constructed across the country as part of the Sheikh Zayed Housing Programme. Over the long term, the residential sector’s output will be supported by the government’s plan to invest AED65 billion (US$17.7 billion) on the Emirati housing programme in Dubai over the next 20 years.

The industry’s output over the forecast period will also be driven by the government’s focus on improving the country’s business environment, and supporting the industrial, manufacturing and export sectors. In September 2021, it announced the ‘Projects of the 50’ plan, which includes a series of developmental and economic initiatives aimed at diversifying the oil-dependent economy, boosting the country’s economic competitiveness, and establishing it as an ideal destination for talented workforce and investors. Some of the initiatives announced as part of this initiative includes economic agreements with eight global markets, the Fourth Industrial Revolution Network (Industry 4.0), and the 10x10 program to increase the country’s annual exports. As part of the ‘Projects of the 50’ plan, the government also aims to attract AED550 billion (US$149.8 billion) in foreign direct investment (FDI) over the next nine years.

The publisher’s Construction in the UAE - Key Trends and Opportunities to 2025 (Q4 2021) 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 Summary2 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
3.5 Risk Profile
4 Construction Outlook
4.1 All Construction
  • Outlook
  • Latest news and developments
  • Construction Projects Momentum Index
4.2 Commercial Construction
  • Outlook
  • Project analytics
  • Latest news and developments
4.3 Industrial Construction
  • Outlook
  • Project analytics
  • Latest news and developments
4.4 Infrastructure Construction
  • Outlook
  • Project analytics
  • Latest news and developments
4.5 Energy and Utilities Construction
  • Outlook
  • Project analytics
  • Latest news and developments
4.6 Institutional Construction
  • Outlook
  • Project analytics
  • Latest news and developments
4.7 Residential Construction
  • Outlook
  • Project analytics
  • Latest news and developments

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 CRI Methodology
7.4 The Publisher Construction
Contact The Publisher
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: The Publisher Construction Market Definitions
Table 20: Risk Dimensions
Table 21: Ratings, Scores and 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, Risk Summary
Figure 5: The UAE, Risk Regional Comparison
Figure 6: The UAE, Construction Output Value (Real, US$ Billion, 2017 Prices and Exchange Rate), 2016-2025
Figure 7: The UAE, Construction Output Value, by Sector (Real, US$ Million), 2016-2025
Figure 8: The UAE, Total Bank Credit to Construction and Real Estate (AED Million), % Change YoY
Figure 9: The UAE, Construction Projects Momentum Index
Figure 10: Middle East and Africa, Construction Projects Momentum Index
Figure 11: The UAE, Commercial Construction Output by Project Type (Real, US$ Million), 2016-2025
Figure 12: The UAE, Commercial Construction Projects Pipeline, Value by Stage (US$ Million)
Figure 13: The UAE, Industrial Construction Output by Project Type (Real, US$ Million), 2016-2025
Figure 14: The UAE, Industrial Construction Projects Pipeline, Value by Stage (US$ Million)
Figure 15: The UAE, Infrastructure Construction Output by Project Type (Real, US$ Million), 2016-2025
Figure 16: The UAE, Infrastructure Construction Projects Pipeline, Value by Stage (US$ Million)
Figure 17: The UAE, Energy and Utilities Construction Output by Project Type (Real, US$ Million), 2016-2025
Figure 18: The UAE, Energy and Utilities Construction Projects Pipeline, Value by Stage (US$ Million)
Figure 19: The UAE, Institutional Construction Output by Project Type (Real, US$ Million), 2016-2025
Figure 20: The UAE, Institutional Construction Projects Pipeline, Value by Stage (US$ Million)
Figure 21: The UAE, Residential Construction Output by Project Type (Real, US$ Million), 2016-2025
Figure 22: The UAE, Residential Construction Projects Pipeline, Value by Stage (US$ Million)
Figure 23: The UAE, Headquarters of Key Contractors (% of Total Project Pipeline)
Figure 24: The UAE, Headquarters of Key Consultants (% of Total Project Pipeline)
Note: Product cover images may vary from those shown