Market Research Reports, Inc. has announced the addition of “Construction in the UAE Key Trends and Opportunities to 2017” research report to their offering.
Lewes, DE -- (SBWIRE) -- 02/18/2014 -- The UAE construction industry increased in value at a CAGR of 0.49% during the review period. This growth was supported by public investments in infrastructure, commercial and industrial construction. The construction industry’s growth rate is expected to remain positive over the forecast period, as a result of increased government expenditure on developing infrastructure and industrial construction in the country. The construction industry’s output in the UAE is expected to record a CAGR of 4.67% in nominal terms over the forecast period .
This 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 type of construction activity
Analysis of equipment, material and service costs across each project type within the UAE
Critical insight into the impact of industry trends and issues, and the risks and opportunities they present to participants in the UAE construction industry
Assessment of the competitive forces facing the construction industry in the UAE, and profiles of the leading operators
Data highlights of the largest construction projects in the UAE.
Inquiry for more information visit: http://www.marketresearchreports.com/timetric/construction-uae-%E2%80%93-key-trends-and-opportunities-2017
This report provides a comprehensive analysis of the construction industry in the UAE. It provides:
- Historical (2008-2012) and forecast (2013-2017) valuations of the construction industry in the UAE using construction output and value-add methods
- Segmentation by sector (commercial, industrial, infrastructure, institutional and residential) and by project type
- Breakdown of values within each project type, by type of activity (new construction, repair and maintenance, refurbishment and demolition) and by type of cost (materials, equipment and services)
- Analysis of key construction industry issues, including regulation, cost management, funding and pricing
- Assessment of the competitive environment using Porter’s Five Forces analysis
- Detailed profiles of the leading construction companies in the UAE
Reasons To Buy
- Identify and evaluate market opportunities using our 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 business strategies using Timetric's critical and actionable insight
- Assess business risks, including cost, regulatory and competitive pressures
- Evaluate competitive risk and success factors
Browser reports related to United Arab Emirates at : http://www.marketresearchreports.com/countries/uae
The UAE is one of the fastest-growing economies, and the third-largest construction industry in the Middle East. The construction industry in the UAE is the third-largest industry after oil and trade. More than 6,000 construction companies operate in the country, with most construction activities taking place in Abu Dhabi and Dubai. According to the Dubai Chamber of Commerce and Industry, the construction industry is expected to contribute 11.1% to the UAE’s GDP in 2015, as compared to 10.3% in 2011. Public sector investments in energy, communications and transport infrastructure are expected to be the key drivers for growth in the industry over the forecast period. Private sector investments are likely to remain subdued in 2013, due to low consumer and business confidence.
According to the IMF, in 2011, the UAE topped the list in terms of project value in the Gulf Cooperation Council (GCC) region with a 51.1% share, followed by Saudi Arabia with 35%, Qatar with 8.9%, Oman with 3.2%, and Kuwait with 1.8%. The UAE accounted for total value of AED1,171.7 billion (US$319.1 billion) of projects in the industry. The UAE has major construction projects in residential and infrastructure markets. The most prominent projects are the expansion of Dubai international airport, and the redevelopment of Abu Dhabi international airport.
According to the IMF, the population in the country is anticipated to increase from 5.4 million in 2010 to 6 million by 2015, in line with the increase in the expatriate population. Expatriates account for 80% of the total population in the UAE, emerging as the major key driver for growth in the demand for residential and commercial buildings in the country. The residential and commercial markets in the UAE’s construction industry recorded an increase in the number of units, but, over the forecast period, it will gain momentum with strong economic growth, increasing disposable incomes and a rising population.
The UAE is a popular destination for business and leisure. The commercial construction industry has been flourishing, as a number of high-profile projects have either been announced or are underway. In May 2013, Meeras began the construction of its Bluewaters Island in Dubai, at an estimated value of AED5.9 billion (US$1.6 billion). Construction is set to be completed in the first quarter of 2018. The UAE’s retail sector is a strong component of the country’s commercial industry. According to AT Kearney’s 2012 Global Retail Development Index, which ranks the 30 best-performing developing countries in terms of retail expansion, the UAE emerged as the fifth-strongest market.
In November 2013, the Bureau of International Expositions (BIE) announced Dubai as the host city for the world’s Trade Expo 2020. UAE’s construction industry will record quick growth as a result, driven by increased spending on infrastructure.
A number of key projects have recently been announced. In February 2013, Arabtec announced that it had won a AED1 billion (US$272 million) contract from the National Investment Corporation to construct a 39-story tower in Abu Dhabi. The hotel will include 563 rooms and 249 apartments, with construction set to be completed in 2016. In November 2013, Arabtec was awarded a AED1.8 billion (US$490 million) contract to build a 77-story, 369m tower in Dubai. Construction is underway and is set to be completed in 2017. In December 2013, Flora Hospitality announced plans to construct four new properties in Dubai, to a value of AED750 million (US$204 million), during 2014 –2016.
Spanning over 80 pages, 84 tables and 35 figures “Construction in the UAE - Key Trends and Opportunities to 2017” report covering The Market Overview, Commercial Construction, Industrial Construction, Infrastructure Construction, Institutional Construction, Residential Construction, Company Profile: Arabtec Holding PJSC, Company Profile: Union Properties PJSC, Company Profile: Drake & Scull International PJSC, Company Profile: National Petroleum Construction Company, Company Profile: Emirates Roads Contracting LLC, Market Data Analysis, Appendix. The report covered 5 companies - Arabtec Holding PJSC, Union Properties PJSC, Drake & Scull International PJSC, National Petroleum Construction, Company (NPCC), Emirates Roads Contracting LLC (ERC).
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