UAE Construction Market Forecast Shows Robust Growth through 2027 with Focus on Sustainable and Infrastructure Developments – ResearchAndMarkets.com
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, 2023-2027” report has been added to ResearchAndMarkets.com’s offering.
The industry is projected to see a significant expansion, powered by a multitude of factors, such as increased oil revenues, the pursuit of net-zero carbon emissions, and flourishing property markets.
Market Analysis and Trends
The report comes at a time when the UAE construction market is gearing up for a series of ambitious changes. With a keen focus on diversification and sustainability, the nation is expected to experience real-term growth of 3.3% in 2023, followed by a further increase of 4% in 2024. Key drivers for this growth include major public and private investments earmarked for development projects across transportation, energy, housing, and an uptick in tourism activities.
Investment and Government Initiatives Fueling Growth
The federal budget announced for the years 2024-2026, amounting to a staggering AED192 billion ($52.3 billion), sets a solid foundation for economic expansion. Infrastructure, renewable energy, oil and gas, residential, industrial, and tourism projects are expected to benefit the most from this fiscal planning. Additionally, the long-term vision “We the UAE 2031” aims to double the GDP and markedly increase non-oil exports by the end of the next decade, thereby bolstering the industry further.
Comprehensive Insights into the Construction Industry
- Offering a historical overview and future forecast evaluation from 2018-2027.
- Segmenting the market by sectors such as industrial, commercial, infrastructure, residential, energy and utilities, and institutional.
- Presenting an in-depth analysis of the mega-project pipeline by developmental stages.
The insights provided in this report are critical for stakeholders looking to understand the impact of current trends, risks, and opportunities within the UAE construction industry.
Project Pipeline and Opportunity Assessment
Analysis of the mega-project pipeline highlights developments in all stages and the projected investment, providing an indispensable tool for firms aiming to engage with the market. The report outlines major projects underway and offers profiles of significant contractors and consultants, presenting an opportunity to assess competitive risks and pinpoint success factors.
Strategic Market Opportunities
Entities involved in the UAE construction sector or those contemplating entry can use this report to evaluate market opportunities using standard valuation and forecasting methods. With over 600 time-series data forecasts, the report allows for micro-level market growth assessment, providing the foundational knowledge to formulate and validate business strategies while considering competitive and regulatory pressures.
This rich resource of data and analytics positions itself as an authoritative guide for industry professionals, investors, and policymakers to navigate the complex landscape of the UAE’s construction industry and capitalize on emergent market opportunities up to 2027 and beyond.
For more information about this report visit https://www.researchandmarkets.com/r/1j67t2
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