UAE Construction Industry Set to Grow at 20% CAGR by 2013

According to our research report “UAE Construction Industry Outlook to 2012”, the UAE construction industry is expected to grow at a CAGR of around 20% during 2010-2013. Rapid economic development is the major factor driving construction activities and infrastructure developments in the UAE. The country has drawn investments from all around the world. We have found that the government has played a key role in the transformation of the economy. Government’s commitment and focus towards shifting its dependence from oil wealth to other sectors has attracted foreign investments in the country. This shift in the government’s approach has resulted in significant development of infrastructure and construction activities.

 

Our study shows that the UAE infrastructure industry has been experiencing massive increase in the number of projects from public, private and government organizations. Major projects are primarily targeted at the tourism, hospitality, healthcare, and retail sectors. In fact, growth in tourism and retail industries has prompted real estate developers, both foreign and local, to invest in the commercial projects. Our report provides a detail analysis on these verticals of industry with focus on investments and under construction projects. The report also provides a future outlook on them.

 

Our team of experts has found that majority of the infrastructure activities are concentrated in few selected emirates only. These emirates are projected to account for more than half of total infrastructure projects in comparison to the other four emirates. The number of new and ongoing large-scale projects are expected to drive the sector and witness robust growth in the coming years. Majority of new projects are in the services sector, including the expansion and refurbishment of the country’s airports and the construction of new hotels and commercial buildings.

 

The reporthas analyzed all the emerging trends including important drivers and key challenges confronted by the industry. It has also identified the possible growth areas for expansion and provides 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.

For more information visit: http://www.rncos.com/Report/IM183.htm