The UAE is one of the largest and fastest growing economies in the Middle East. The country has witnessed massive investments in the construction industry from both public and private enterprises during the past few years. It outpaced Saudi Arabia and became the largest construction market in the GCC region in 2008. The UAE accounted for around 20% of total Arab construction industry in 2008. Despite the sluggish growth in 2009 amidst the global financial distress, the UAE construction industry managed to record strong growth during 2007-2009 and contributed approx. 8% to the country’s GDP in 2009.
According to our new research report “UAE Construction Industry Outlook to 2012”, the UAE construction industry is expected to grow at a CAGR of around 7% during 2010-2013. Rapid economic development is the major factor driving construction activities and infrastructure development in the UAE. The country has drawn investments from around the world. Most of the investments are mainly focused on the development of infrastructure for hospitality, retail, real estate, and healthcare industry. Moreover, the government efforts to diversify its economy from oil-based to other industries will boost infrastructure investments in future.
Despite the global economic slowdown, the UAE will continue to develop several projects in tourism, housing, industrial & commercial facilities, education & healthcare amenities, transportation, communications, utilities, and ports & airports.
The report has analyzed all emerging trends including the important drivers and key challenges confronted by the industry. It has also identified the possible growth areas for expansion and presents a broad overview of competitive landscape in the UAE infrastructure industry. The report presents a complete and coherent analysis of the performance of the UAE construction industry.
In addition, the report presents the industry forecast based on correlation of past drivers, challenges, and opportunities for expansion. In this way, the report presents an unbiased market picture that will prove decisive for clients.
