DUBLIN--(BUSINESS WIRE)--The "United Arab Emirates (UAE) Construction Market Size, Trends and Forecasts by Sector - Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis, 2022-2026" report has been added to ResearchAndMarkets.com's offering.
Construction industry in the United Arab Emirates (UAE) to expand by 3.8% in real terms this year, compared with an estimated growth of 4.4% in 2021.
The Expo 2020 event (October 1, 2021, to March 31, 2022) has provided a boost to the economy, while low base effects and pent-up demand helped to spur the industry's growth in 2021. Reflecting the 2020 downturn, however, the construction industry's output is expected to remain below 2019 levels until 2022. The publisher expects the construction industry to register an annual growth of 3.9% during the period of 2023-26.
Growth over the forecast period will be driven by the country's development agenda of strengthening industrial, transportation and energy infrastructures. The government announced plans in September last year to implement a series of developmental and economic projects aimed at accelerating the UAE's development and transforming it into a comprehensive hub in all sectors as part of the Project of the 50, with the goal of attracting AED550 billion ($149.8 billion) in foreign direct investment (FDI) over the next nine years.
In terms of railway development, the government announced the new AED50 billion ($13.6 billion) UAE Railway Programme in December 2021, which is an integrated strategy for the country's railway sector over the next several decades, with an estimated economic impact of AED200 billion ($54.5 billion). The UAE became the first country in the Gulf Cooperation Council (GCC) area to pledge to carbon neutrality, establishing a goal of achieving net-zero carbon emissions by 2050.
The government intends to invest AED600 billion ($163.4 billion) on renewable energy over the next three decades to meet this goal. The government's aim to raise solar PV capacity from 2.1GWp in 2020 to 8.5GWp in 2025 will also help the energy and utilities sector's output throughout the projection period.
Scope
- Historical (2017-2021) and forecast (2022-2026) 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
Key Topics Covered:
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
For more information about this report visit https://www.researchandmarkets.com/r/tzjp16
