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United Arab Emirates (UAE) Construction Market Size, Trends and Forecasts by Sector - Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis, 2022-2026

  • ID: 5610510
  • Report
  • April 2022
  • Region: United Arab Emirates
  • 44 Pages
  • GlobalData
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The publisher expects the construction industry in the United Arab Emirates (UAE) to expand by 3.8% in real terms this year, compared with an estimated growth of 4.4% in 2021. The Expo 2020 event (October 1, 2021, to March 31, 2022) has provided a boost to the economy, while low base effects and pent-up demand helped to spur the industry’s growth in 2021. Reflecting the 2020 downturn, however, the construction industry’s output is expected to remain below 2019 levels until 2022. The publisher expects the construction industry to register an annual growth of 3.9% during the period of 2023-26.

Growth over the forecast period will be driven by the country's development agenda of strengthening industrial, transportation and energy infrastructures. The government announced plans in September last year to implement a series of developmental and economic projects aimed at accelerating the UAE's development and transforming it into a comprehensive hub in all sectors as part of the Project of the 50, with the goal of attracting AED550 billion ($149.8 billion) in foreign direct investment (FDI) over the next nine years. In terms of railway development, the government announced the new AED50 billion ($13.6 billion) UAE Railway Programme in December 2021, which is an integrated strategy for the country's railway sector over the next several decades, with an estimated economic impact of AED200 billion ($54.5 billion). The UAE became the first country in the Gulf Cooperation Council (GCC) area to pledge to carbon neutrality, establishing a goal of achieving net-zero carbon emissions by 2050. The government intends to invest AED600 billion ($163.4 billion) on renewable energy over the next three decades to meet this goal. The government's aim to raise solar PV capacity from 2.1GWp in 2020 to 8.5GWp in 2025 will also help the energy and utilities sector's output throughout the projection period.

The 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 (2017-2021) and forecast (2022-2026) 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.

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 GlobalData 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), 2017-26
Table 4: The UAE, Top Commercial Construction Projects by Value
Table 5: The UAE, Industrial Construction Output by Project Type (Real % Change), 2017-26
Table 6: The UAE, Top Industrial Construction Projects by Value
Table 7: The UAE, Infrastructure Construction Output by Project Type (Real % Change), 2017-26
Table 8: The UAE, Top Infrastructure Construction Projects by Value
Table 9: The UAE, Energy and Utilities Construction Output by Project Type (Real % Change), 2017-26
Table 10: The UAE, Top Energy and Utilities Construction Projects by Value
Table 11: The UAE, Institutional Construction Output by Project Type (Real % Change), 2017-26
Table 12: The UAE, Top Institutional Construction Projects by Value
Table 13: The UAE, Residential Construction Output by Project Type (Real % Change), 2017-26
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, $ Million)
Table 18: The UAE, Construction Output Value (Nominal, AED Million)
Table 19: GlobalData Construction Market Definitions
Table 20: Risk Dimensions
Table 21: Ratings, Scores and Definitions
List of Figures
Figure 1: Middle East and North Africa, Construction Output (Real % Change), 2020-26
Figure 2: The UAE, Construction Output by Sector (Real % Change), 2020-22 and 2023-26
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, $ Billion, 2017 Prices and Exchange Rate), 2017-26
Figure 7: The UAE, Construction Output Value, by Sector (Real, $ Million), 2017-26
Figure 8: The UAE, Construction Projects Momentum Index
Figure 9: Region, Construction Projects Momentum Index
Figure 10: The UAE, Commercial Construction Output by Project Type (Real, $ Million), 2017-26
Figure 11: The UAE, Commercial Construction Projects Pipeline, Value by Stage ($ Million)
Figure 12: The UAE, Industrial Construction Output by Project Type (Real, $ Million), 2017-26
Figure 13: The UAE, Industrial Construction Projects Pipeline, Value by Stage ($ Million)
Figure 14: The UAE, Infrastructure Construction Output by Project Type (Real, $ Million), 2017-26
Figure 15: The UAE, Infrastructure Construction Projects Pipeline, Value by Stage ($ Million)
Figure 16: The UAE, Energy and Utilities Construction Output by Project Type (Real, $ Million), 2017-26
Figure 17: The UAE, Energy and Utilities Construction Projects Pipeline, Value by Stage ($ Million)
Figure 18: The UAE, Institutional Construction Output by Project Type (Real, $ Million), 2017-26
Figure 19: The UAE, Institutional Construction Projects Pipeline, Value by Stage ($ Million)
Figure 20: The UAE, Residential Construction Output by Project Type (Real, $ Million), 2017-26
Figure 21: The UAE, Residential Construction Projects Pipeline, Value by Stage ($ Million)
Figure 22: The UAE, Headquarters of Key Contractors (% of Total Project Pipeline)
Figure 23: The UAE, Headquarters of Key Consultants (% of Total Project Pipeline)