United Arab Emirates Projects, H2 2020 with COVID-19 impact update - MEED Insights

United Arab Emirates Projects, H2 2020 with COVID-19 impact update - MEED Insights

Summary

It has been a difficult 12 months for the United Arab Emirates Projects, market. Previously viewed as a stable market relatively immune to the oil price, it posted a substantial fall in total project awards in 2019 to just over $31bn from $48bn the previous year.

The United Arab Emirates Projects, market has had a more difficult first half of 2020 than its neighbours with contract awards down more than a third on the same period last year. As with neighbouring markets Covid-19 has been a factor but it has masked the fact that the market was already in sharp decline thanks to oversupply in its real estate sector.

The issue is compounded by the federation’s exposure to the global tourism shutdown and a decrease in aviation and retail spending. Despite a series of government announcements and initiatives to stimulate the economy, it is clear that it will be sometime before the market can return to its pre-2015 levels.

In the absence of a vibrant property sector, contractors and consultants will increasingly look to the government infrastructure sector as a source of new project opportunities. Water, power, road and other transport infrastructure will take on a greater significance as companies seek to win a smaller pool of new business opportunities.

Many project companies active in the federation have reacted by lowering margins in the face of increased competition or by focusing on other countries, particularly Saudi Arabia. Others have downsized to cut costs or left the market altogether.

In this challenging environment firms will have to be smart in order to prosper. Selecting the right clients, specialising in niche sectors, and introducing novel technologies are all tools companies can harness in order to stay ahead of the competition.

It is not all doom and gloom, however. Some sectors, specially water and renewable energy, are growing. Oil and gas spending in Abu Dhabi is also forecast to increase over the coming year.

Likewise, the pipeline of Projects, in the United Arab Emirates sits at more than $670bn. Although there are undoubtable challenges in the short term, the long term prognosis is still relatively healthy. Regardless of what happens, the United Arab Emirates market will remain one of the largest Projects, markets in the region.

Written by MEED, the Middle East market experts within the GlobalData Group, United Arab Emirates Projects, H2 2020, is the update to this year’s H1 report. Focused on data, it is aimed at helping companies create strategies for targeting and growing the market.

Reasons to Buy

  • Opportunities and challenges in the United Arab Emirates’s Projects, market
  • Analysis of the pipeline of planned Projects, and contract awards
  • Key policies and drivers shaping the outlook for Projects, in the United Arab Emirates
  • Political and economic background
  • The barriers and challenges that may arise
  • Sector-by-sector breakdown of future project plans
  • Key drivers of Projects, in each sector
  • The United Arab Emirates’s most valuable key Projects, and major project sponsors


  • Country Overview
    • UAE
    • Economy
    • GDP and Population by Emirate
    • Economic Outlook
    • Budgets
  • Projects Market
    • Projects Market Overview
    • Projects Market Size
    • UAE Projects Market by Project Status
    • UAE Projects Market By Sector
    • Projects Market By Project Status – Dubai
    • Projects Market By Sector – Dubai
    • Projects Market By Project Status – Abu Dhabi
    • Projects Market By Sector – Abu Dhabi
    • UAE Project Contract Awards By Year, 2010-20* ($m)
    • UAE Project Contract Awards By Number, 2010-19 ($m)
    • UAE Contract Awards by Dubai vs Abu Dhabi, 2010-20* ($m)
    • Biggest Clients
    • Biggest Contractors
    • Top Projects
      • Table Biggest projects under construction in the UAE
    • Future Pipeline
    • Future Pipeline by Sector
    • Top Future Projects
      • Table Biggest planned and un-awarded projects in the UAE
    • Biggest Future Clients
  • Impact of COVID-19 and Latest Forecasts
    • COVID-19 IN THE MIDDLE EAST AND NORTH AFRICA
    • The impact of COVID-19 on UAE
    • UAE project contract awards, January-June 2010-2020
    • UAE Contract Awards by Sector, 2010-20* ($m)
    • COVID-19 – IMPACT ON FORECAST
  • Oil and Gas
    • Oil and Gas Sector Overview
    • Oil and Gas Sector Contract Awards by Year, 2010-20* ($m)
    • Oil and Gas Sector Projects by Status
    • Oil and Gas Projects Market by Subsector
    • Oil and Gas Sector Contract Awards by Subsector, 2010-20* ($m)
    • Oil and Gas Sector Biggest Clients
    • Oil and Gas Sector Biggest Contractors
    • Top Oil and Gas Sector Projects
      • Table Biggest oil and gas projects under construction in the UAE
    • Un-awarded Oil and Gas Sector Contracts by Status
    • Un-awarded Oil and Gas Sector Projects by Subsector
    • Top Oil and Gas Sector Future Projects
      • Table Biggest planned and un-awarded oil and gas projects in the UAE due in bidding stage
      • Table Biggest planned and un-awarded oil and gas projects in the UAE at Design, FEED or Study Stage
    • Biggest Oil and Gas Sector Future Clients
  • Construction
    • Construction Sector Overview
    • Construction Sector Contract Awards by Year, 2010-20* ($m)
    • Construction Sector Projects by Status
    • Construction Projects Market by Subsector
    • Construction Sector Contract Awards by Subsector, 2010-20* ($m)
    • Construction Sector Biggest Clients
    • Construction Sector Biggest Contractors
    • Top Construction Sector Projects
      • Table Biggest construction projects under construction in the UAE
    • Un-awarded Construction Sector Contracts by Status
    • Un-Awarded Construction Sector Projects by Subsector
    • Top Construction Sector Future Projects
      • Table Biggest planned and un-awarded construction projects in the UAE in bidding stage
      • Table Biggest planned and un-awarded construction projects in the UAE at design, FEED or study stage
    • Biggest Construction Sector Future Clients
  • Transport
    • Transport Sector Overview
    • Transport Sector Contract Awards by Year, 2010-20* ($m)
    • Transport Sector Projects by Status
    • Transport Projects Market by Subsector
    • Transport Sector Contract Awards by Subsector, 2010-20* ($m)
    • Transport Sector Biggest Clients
    • Transport Sector Biggest Contractors
    • Top Transport Sector Projects
      • Table Biggest transport projects under construction in the UAE
    • Un-awarded Transport Sector Contracts by Status
    • Un-Awarded Transport Sector Projects by Subsector
    • Top Transport Sector Future Projects
      • Table Biggest planned and un-awarded transport projects in the UAE due in bidding stage
      • Table Biggest planned and un-awarded transport projects in the UAE at design, FEED or study stage
    • Biggest Transport Sector Future Clients
  • Industrial
    • Industrial Sector Overview
    • Industrial Sector Contract Awards by Year, 2010-20* ($m)
    • Industrial Sector Projects by Status
    • Industrial Projects Market by Subsector
    • Industrial Sector Contract Awards by Subsector, 2010-20* ($m)
    • Industrial Sector Biggest Clients
    • Industrial Sector Biggest Contractors
    • Top Industrial Sector Projects
      • Table Biggest Industrial projects under construction in the UAE
    • Un-awarded Industrial Sector Contracts by Status
    • Un-awarded Industrial Sector Contracts by Subsector
    • Top Industrial Sector Future Projects
      • Table Biggest planned and un-awarded Industrial projects in the UAE due in bidding stage
      • Table Biggest planned and un-awarded Industrial projects in the UAE at design, FEED or study stage
    • Biggest Industrial Sector Future Clients
  • Power and Water
    • Power and Water Sector Overview
    • Power and Water Sector Contract Awards by Year, 2010-20* ($m)
    • Power and Water Sector Projects by Status
    • Power and Water Projects Market by Subsector
    • Power and Water Sector Contract Awards by Subsector, 2010-20* ($m)
    • Power and Water Sector Biggest Clients
    • Power and Water Sector Biggest Contractors
    • Top Power and Water Sector Projects
      • Table Biggest power and water projects under construction in the UAE
    • Un-awarded Power and Water Sector Contracts by Status
    • Un-Awarded Power and Water Sector Projects by Subsector
    • Top Power and Water Sector Future Projects
      • Table Biggest planned and un-awarded power and water projects in the UAE due in bidding stage
      • Table Biggest planned and un-awarded power and water projects in the UAE at design, FEED or study stage
    • Biggest Power and Water Sector Future Clients

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