Summary
After recording a contraction of 10.4% in 2020, GlobalData expects the construction industry to rebound this year, growing by 4.4%, and then register an annual average growth of 3.9% between 2022 and 2025. The hosting of upcoming Expo 2020 (1 October 2021-31 March 2022) has provided some positive support to the industry, while low base effects and pent-up demand will help to generate positive growth when compared to levels of 2020.
Although a decline in contract awards presents downside risks in the short term, the long-term outlook is relatively promising, as the government continues with its infrastructure plans, given various government initiatives such as the Energy Strategy 2050, the Sheikh Zayed Housing Programme and the Dubai Tourism Strategy. Infrastructure projects are a key part of the UAE's economic expansion, as it seeks to build efficient transport and logistics networks, as well as reliable supplies of clean energy. Furthermore, Israel and the UAE have reached a historic deal to normalize ties, opening up investment opportunities - particularly related to the joint strategy to boost co-operation in the energy sector.
An investment of AED22 billion (US$6 billion) from the emirate’s Department of Culture and Tourism (DCT) will help to stimulate activity in the commercial sector, while with AED40 billion (US$11 billion), Etihad Rail, the national railway network developer and operator, is developing the Etihad Rail Network project to connect the seven emirates of the UAE by 2024. Furthermore, ADNOC (Abu Dhabi National Oil Company) plans to invest AED448 billion (US$122 billion) in capital expenditure in 2021-2025, in order to increase oil production capacity from four million barrels/day (b/d) in 2020 to five million b/d by 2030.
GlobalData’s Construction in the UAE - Key Trends and Opportunities to 2025 (Q3 2021) 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 (2016-2020) and forecast (2021-2025) 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.
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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
3.5 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
7.4 GlobalData Construction
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), 2016-2025
Table 4: The UAE, Top Commercial Construction Projects by Value
Table 5: The UAE, Industrial Construction Output by Project Type (Real % Change), 2016-2025
Table 6: The UAE, Top Industrial Construction Projects by Value
Table 7: The UAE, Infrastructure Construction Output by Project Type (Real % Change), 2016-2025
Table 8: The UAE, Top Infrastructure Construction Projects by Value
Table 9: The UAE, Energy and Utilities Construction Output by Project Type (Real % Change), 2016-2025
Table 10: The UAE, Top Energy and Utilities Construction Projects by Value
Table 11: The UAE, Institutional Construction Output by Project Type (Real % Change), 2016-2025
Table 12: The UAE, Top Institutional Construction Projects by Value
Table 13: The UAE, Residential Construction Output by Project Type (Real % Change), 2016-2025
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, US$ 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 Africa, Construction Output (Real % Change), 2020 and 2021
Figure 2: The UAE, Construction Projects Pipeline by Sector (US$ Billion)
Figure 3: The UAE, COVID-19 Confirmed Cases
Figure 4: The UAE, Risk Summary
Figure 5: The UAE, Risk Regional Comparison
Figure 6: The UAE, Construction Output Value (Real, US$ Billion, 2017 Prices and Exchange Rate), 2016-2025
Figure 7: The UAE, Construction Output Value, by Sector (Real, US$ Million), 2016-2025
Figure 8:The UAE, Total Bank Credit to Construction and Real Estate (AED Million)
Figure 9: The UAE, Construction Projects Momentum Index
Figure 10: Middle East and Africa, Construction Projects Momentum Index
Figure 11: The UAE, Commercial Construction Output by Project Type (Real, US$ Million), 2016-2025
Figure 12: The UAE, Commercial Construction Projects Pipeline, Value by Stage (US$ Million)
Figure 13: The UAE, Industrial Construction Output by Project Type (Real, US$ Million), 2016-2025
Figure 14: The UAE, Industrial Construction Projects Pipeline, Value by Stage (US$ Million)
Figure 15: The UAE, Infrastructure Construction Output by Project Type (Real, US$ Million), 2016-2025
Figure 16: The UAE, Infrastructure Construction Projects Pipeline, Value by Stage (US$ Million)
Figure 17: The UAE, Energy and Utilities Construction Output by Project Type (Real, US$ Million), 2016-2025
Figure 18: The UAE, Energy and Utilities Construction Projects Pipeline, Value by Stage (US$ Million)
Figure 19: The UAE, Institutional Construction Output by Project Type (Real, US$ Million), 2016-2025
Figure 20: The UAE, Institutional Construction Projects Pipeline, Value by Stage (US$ Million)
Figure 21: The UAE, Residential Construction Output by Project Type (Real, US$ Million), 2016-2025
Figure 22: The UAE, Residential Construction Projects Pipeline, Value by Stage (US$ Million)
Figure 23: The UAE, Headquarters of Key Contractors (% of Total Project Pipeline)
Figure 24: The UAE, Headquarters of Key Consultants (% of Total Project Pipeline)
