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Market Research Report

Construction in United Arab Emirates (UAE) - Key Trends and Opportunities to 2024

Published by GlobalData Product code 969019
Published Content info 47 Pages
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Construction in United Arab Emirates (UAE) - Key Trends and Opportunities to 2024
Published: October 14, 2020 Content info: 47 Pages
Description

On the back of an already struggling market and the COVID-19 outbreak, coupled with low oil prices, GlobalData is expecting construction output in the UAE to contract by 4.8% in 2020, but a rebound of 3.1% in 2021. New project opportunities are expected to be minimal in the coming quarters, as the government is consolidating its widening fiscal debt, and COVID-19-related force majeure and the change in law notices are being issued by all parties. However, industry players are pushing ahead to solve issues that became entrenched in the construction sector in order to recover quickly, by speeding up the use of new technologies such as BIM, drones, and virtual reality to eliminate waste from their processes. The recent approval of a new Dubai Building Code is also a positive development; the new code outlines a revised set of construction rules and standards and seeks to reduce construction costs by streamlining building rules. Collaborative working between banks and governments with their clients to ensure that there is enough liquidity, mitigate the default risk, and reduce the likelihood of disputes remain on the top of government's agenda amid construction industry's struggle. The UAE announced in August that it will deliver a three-stage 'flexible package' of measures to strengthen the economy, including steps to support the labor market and support investment.

The pandemic will certainly be a severe impediment to growth, and could lead to investment priorities for sectors over others, but over the medium to longer-term, government investment will remain focused on upgrading physical infrastructure and reforming the financing and regulatory environment. Infrastructure projects are a key part of the UAE's economic expansion, as not only the Emirate but the GCC region still has huge infrastructure needs as it seeks to build efficient transport and logistics networks as well as reliable supplies of clean energy. However, the government's economic and fiscal policies will continue to be partly guided by global oil price movements, as the emirate of Abu Dhabi, which funds a major share of federal spending, is still heavily reliant on oil revenue.

GlobalData's Construction in the UAE - Key Trends and Opportunities to 2024 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 (2015-2019) and forecast (2020-2024) 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 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
Product Code: GDCN0559MR

Table of Contents

Table of Contents

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 COVID-19 Status

4.Construction Outlook

  • 4.1 All Construction
  • 4.2 Commercial Construction
  • 4.3 Industrial Construction
  • 4.4 Infrastructure Construction
  • 4.5 Energy and Utilities Construction
  • 4.6 Institutional Construction
  • 4.7 Residential Construction

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 GlobalData Construction

List of Tables

List of Tables

  • Table 1: Construction Industry Key Data
  • Table 2: UAE, Key Economic Indicators
  • Table 3: UAE, Commercial Construction Output by Project Type (Real % Change), 2015-2024
  • Table 4: UAE, Top Commercial Construction Projects by Value
  • Table 5: UAE, Industrial Construction Output by Project Type (Real % Change), 2015-2024
  • Table 6: UAE, Top Industrial Construction Projects by Value
  • Table 7: UAE, Infrastructure Construction Output by Project Type (Real % Change), 2015-2024
  • Table 8: UAE, Top Infrastructure Construction Projects by Value
  • Table 9: UAE, Energy and Utilities Construction Output by Project Type (Real % Change), 2015-2024
  • Table 10: UAE, Top Energy and Utilities Construction Projects by Value
  • Table 11: UAE, Institutional Construction Output by Project Type (Real % Change), 2015-2024
  • Table 12: UAE, Top Institutional Construction Projects by Value
  • Table 13: UAE, Residential Construction Output by Project Type (Real % Change), 2015-2024
  • Table 14: UAE, Top Residential Construction Projects by Value
  • Table 15: UAE, Key Contractors
  • Table 16: UAE, Key Consultants
  • Table 17: UAE, Construction Output Value (Real, US$ Million)
  • Table 18: UAE, Construction Output Value (Nominal, AED Million)
  • Table 19: GlobalData Construction Market Definitions

List of Figures

List of Figures

  • Figure 1: Middle East and Africa, Construction Output (Real % Change), 2020
  • Figure 2: UAE, Construction Projects Pipeline by Sector (US$ Billion)
  • Figure 3: UAE, COVID-19 Confirmed Cases
  • Figure 4: UAE, Construction Output Value (Real, US$ Billion, 2017 Prices and Exchange Rate), 2015-2024
  • Figure 5: UAE, Construction Output Value, by Sector (Real, US$ Million), 2015-2024
  • Figure 6: UAE, Construction Projects Momentum Index
  • Figure 7: UAE, Commercial Construction Output by Project Type (Real, US$ Million), 2015-2024
  • Figure 8: UAE, Commercial Construction Projects Pipeline, Value by Stage (US$ Million)
  • Figure 9: UAE, Industrial Construction Output by Project Type (Real, US$ Million), 2015-2024
  • Figure 10: UAE, Industrial Construction Projects Pipeline, Value by Stage (US$ Million)
  • Figure 11: UAE, Infrastructure Construction Output by Project Type (Real, US$ Million), 2015-2024
  • Figure 12: UAE, Infrastructure Construction Projects Pipeline, Value by Stage (US$ Million)
  • Figure 13: UAE, Energy and Utilities Construction Output by Project Type (Real, US$ Million), 2015-2024
  • Figure 14: UAE, Energy and Utilities Construction Projects Pipeline, Value by Stage (US$ Million)
  • Figure 15: UAE, Institutional Construction Output by Project Type (Real, US$ Million), 2015-2024
  • Figure 16: UAE, Institutional Construction Projects Pipeline, Value by Stage (US$ Million)
  • Figure 17: UAE, Residential Construction Output by Project Type (Real, US$ Million), 2015-2024
  • Figure 18: UAE, Residential Construction Projects Pipeline, Value by Stage (US$ Million)
  • Figure 19: UAE, Headquarters of Key Contractors (% of Total Project Pipeline)
  • Figure 20: UAE, Headquarters of Key Consultants (% of Total Project Pipeline)
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