United Arab Emirates (UAE) Construction Market Size, Trend Analysis by Sector (Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential) and Forecast, 2023-2027

Summary

United Arab Emirates (UAE) Construction Market Size, Trend Analysis by Sector (Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential) and Forecast, 2023-2027

Summary
The construction industry in the UAE is estimated to have expanded by 2% in real terms in 2022, supported by a rebound in economic activities, amid the easing of Coronavirus (COVID-19) related business and travel restrictions, coupled with improvement in the country’s oil receipts. The industry is expected to expand by 3.3% in 2023, supported by the government’s continued focus on infrastructure investments. In October 2022, the UAE Cabinet approved the AED252.3 billion ($68.7 billion) Federal Budget for 2023-26, which includes an expenditure of AED2.4 billion ($653.5 million) for infrastructure and economic resources. Later, in December 2022, Sharjah’s ruler approved the emirate’s AED32.2 billion ($8.8 billion) budget for 2023, with 35% of the budget allocated towards infrastructure and capital projects. Previously,

The UAE’s construction industry is expected to register annual growth in the range of 3.7-4.2% from 2024 to 2027, supported by investments in infrastructure, renewable energy, oil and gas, housing, industrial, and tourism projects. In November 2022, the state-owned oil company Abu Dhabi National Oil Company (ADNOC) announced a plan to invest AED550.9 billion ($150 billion) in capital expenditure over the next five years. Moreover, to meet the rising global energy demand, the company has brought forward its target to produce five million barrels of crude oil per day, from 2030 to 2027. In another recent development, ADNOC reported in early January 2023 that it will invest AED55.1 billion ($15 billion) in its low-carbon projects by 2030. Among others, the investments will be made in renewable energy and carbon capture and storage (CCS) projects.

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 (2018-2022) and forecast (2023-2027) 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 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 critical and actionable insight.
- Assess business risks, including cost, regulatory and competitive pressures.
- Evaluate competitive risk and success factors.

Methodology

Our market research methodology is designed to provide the clients with comprehensive and accurate information on various industries and markets. It includes data collection, primary interviews, macro-economic factor analysis, country-level data analysis etc.

The data is gathered from a wide range of sources, including industry reports, government statistics, and company financials. This data is then analyzed and cross-referenced to ensure its accuracy and reliability. Next, primary interviews are conducted with industry experts and key stakeholders to gather their insights and perspectives on the market. This information is then combined with the data collected to provide a complete picture of the market. Macro-economic factor analysis is also carried out to understand the impact of external factors on the market. Finally, country-level data analysis is performed to understand the market dynamics in specific regions and countries.

Reportlinker's market research methodology is designed to provide clients with a clear understanding of the market, its trends, and its future potential.

Related Topics

• Construction
• Heavy Industry

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