From 2013 to 2023, the construction sector's contribution to the UAE's GDP steadily increased from 8.07% to 10.17%. The growth from 2022 to 2023 was 0.39%, and the average annual increase over the past five years was around 0.27%. Over the forecast period from 2024 to 2028, the sector is expected to grow at an average annual rate of 0.27%, culminating in a 1.37% total growth over these five years.
Future trends to watch:
• Increasing infrastructure investments spurred by strategic initiatives.
• Innovations in sustainable construction aligning with global environmental goals.
• Potential economic impacts from global market fluctuations on construction demand.
