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United Arab Emirates (UAE) Construction Market Size, Trend Analysis by Sector, Competitive Landscape and Forecast, 2023-2027

Publisher GlobalData
Published Aug 31, 2023
Length 42 Pages
SKU # GBDT18249326

Description

United Arab Emirates (UAE) Construction Market Size, Trend Analysis by Sector, Competitive Landscape and Forecast, 2023-2027


Summary

Following an annual growth of 2% in 2022, GlobalData expects the UAE’s construction industry to expand by 3.3% in real terms this year, supported by a rebound in economic activities, coupled with government’s continued focus on infrastructure investments and investments in renewable energy sector in line with its objective to attain carbon neutrality by 2050.

The industry is expected to register average annual growth of 3.9% from 2024 to 2027, supported by investments on transport infrastructure, renewable energy, housing infrastructure, industrial and tourism projects. The country’s construction industry will be supported by the federal budget of AED252.3 billion ($68.7 billion) from 2023-26 which the UAE’s Cabinet approved in October 2022. Out of the total, the government allocated AED63.1 billion ($17.2 billion) in December 2022 to the federal budget for 2023 which is 7% more than that of 2022. Moreover, as part of the “We the UAE 2031” vision, the government aims to implement a series of projects to double the country’s GDP from AED1.5 trillion ($405.7 billion) in 2022 to AED3 trillion ($816.9 billion) by 2031 and increase the country’s non-oil exports from AED366 billion ($100 billion) to AED800 billion ($217.8 billion) during the same period.

This report provides detailed market analysis, information, and insights into the UAE’s construction industry, including -
  • The UAE’s 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’s 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 (2018-2022) and forecast (2023-2027) valuations of the construction industry in 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 GlobalData'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 GlobalData's critical and actionable insight.
  • Assess business risks, including cost, regulatory and competitive pressures.
  • Evaluate competitive risk and success factors.

Table of Contents

42 Pages
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 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
About GlobalData
Contact Us
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), 2018-27
Table 4: The UAE, Top Commercial Construction Projects by Value
Table 5: The UAE, Industrial Construction Output by Project Type (Real % Change), 2018-27
Table 6: The UAE, Top Industrial Construction Projects by Value
Table 7: The UAE, Infrastructure Construction Output by Project Type (Real % Change), 2018-27
Table 8: The UAE, Top Infrastructure Construction Projects by Value
Table 9: The UAE, Energy and Utilities Construction Output by Project Type (Real % Change), 2018-27
Table 10: The UAE, Top Energy and Utilities Construction Projects by Value
Table 11: The UAE, Institutional Construction Output by Project Type (Real % Change), 2018-27
Table 12: The UAE, Top Institutional Construction Projects by Value
Table 13: The UAE, Residential Construction Output by Project Type (Real % Change), 2018-27
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), 2021-27
Figure 2: The UAE, Construction Output by Sector (Real % Change), 2021-23 and 2024-27
Figure 3: The UAE, Risk Summary
Figure 4: The UAE, Risk Regional Comparison
Figure 5: The UAE, Construction Output Value (Real, $ Billion, 2017 Prices and Exchange Rate), 2018-27
Figure 6: The UAE, Construction Output Value, by Sector (Real, $ Million), 2018-27
Figure 7: The UAE, Total Bank Credit to Construction and Real Estates (AED Million)
Figure 8: The UAE, Construction Projects Momentum Index
Figure 9: Middle East and North Africa, Construction Projects Momentum Index
Figure 10: The UAE, Commercial Construction Output by Project Type (Real, $ Million), 2018-27
Figure 11: The UAE, Commercial Construction Projects Pipeline, Value by Stage ($ Million)
Figure 12: The UAE, Industrial Construction Output by Project Type (Real, $ Million), 2018-27
Figure 13: The UAE, Industrial Construction Projects Pipeline, Value by Stage ($ Million)
Figure 14: The UAE, Infrastructure Construction Output by Project Type (Real, $ Million), 2018-27
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), 2018-27
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), 2018-27
Figure 19: The UAE, Institutional Construction Projects Pipeline, Value by Stage ($ Million)
Figure 20: The UAE, Residential Construction Output by Project Type (Real, $ Million), 2018-27
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)

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