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Construction in the UAE - Key Trends and Opportunities to 2017:Latest Industry Size Research Report

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The UAE construction industry increased in value at a CAGR of 0.49% during the review period. This growth was supported by public investments in infrastructure, commercial and industrial construction. The construction industry’s growth rate is expected to remain positive over the forecast period, as a result of increased government expenditure on developing infrastructure and industrial construction in the country. The construction industry’s output in the UAE is expected to record a CAGR of 4.67% in nominal terms over the forecast period.

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  • 1. Construction in the UAE - Key Trends and Opportunities to 2017 Synopsis This 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 type of construction activity Analysis of equipment, material and service costs across each project type within the UAE Critical insight into the impact of industry trends and issues, and the risks and opportunities they present to participants in the UAE construction industry Assessment of the competitive forces facing the construction industry in the UAE, and profiles of the leading operators Data highlights of the largest construction projects in the UAE. Executive summary The UAE construction industry increased in value at a CAGR of 0.49% during the review period. This growth was supported by public investments in infrastructure, commercial and industrial construction. The construction industry’s growth rate is expected to remain positive over the forecast period, as a result of increased government expenditure on developing infrastructure and industrial construction in the country. The construction industry’s output in the UAE is expected to record a CAGR of 4.67% in nominal terms over the forecast period. Scope This report provides a comprehensive analysis of the construction industry in the UAE. It provides: Historical (2008-2012) and forecast (2013-2017) valuations of the construction industry in the UAE using construction output and value-add methods Segmentation by sector (commercial, industrial, infrastructure, institutional and residential) and by project type Breakdown of values within each project type, by type of activity (new construction, repair and maintenance, refurbishment and demolition) and by type of cost (materials, equipment and services) Analysis of key construction industry issues, including regulation, cost management, funding and pricing Assessment of the competitive environment using Porter’s Five Forces analysis Detailed profiles of the leading construction companies in the UAE. Reasons to buy Identify and evaluate market opportunities using our 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 business strategies using Timetric's critical and actionable insight Assess business risks, including cost, regulatory and competitive pressures Evaluate competitive risk and success factors Key highlights The UAE is one of the fastest-growing economies, and the third-largest construction industry in the Middle East. The construction industry in the UAE is the third-largest industry after oil and trade. More than 6,000 construction companies operate in the country, with most construction activities taking place in Abu Dhabi and Dubai. According to the Dubai Chamber of Commerce and Industry, the construction industry is expected to contribute 11.1% to the UAE’s GDP in 2015, as compared to 10.3% in 2011. Public sector investments in energy, communications and transport infrastructure are expected to be the key drivers for growth in the industry over the forecast period. Private sector investments are likely to remain subdued in 2013, due to low consumer and business confidence. According to the IMF, in 2011, the UAE topped the list in terms of project value in the Gulf Cooperation Council (GCC) region with a 51.1% share, followed by Saudi Arabia with 35%, Qatar with 8.9%, Oman with 3.2%, and Kuwait with 1.8%. The UAE accounted for total value of AED1,171.7 billion (US$319.1 billion) of projects in the industry. The UAE has major construction projects in residential and infrastructure markets. The most prominent projects are the expansion of Dubai international airport, and the redevelopment of Abu Dhabi international airport. According to the IMF, the population in the country is anticipated to increase from 5.4 million in 2010 to 6 million by 2015, in line with the increase in the expatriate population. Expatriates account for 80% of the total population in the UAE, emerging as the major key driver for growth in the demand for residential and commercial buildings in the country. The residential and commercial markets in the UAE’s construction industry recorded an increase in the number of units, but, over the forecast period, it will gain momentum with strong economic growth, increasing disposable incomes and a rising population. The UAE is a popular destination for business and leisure. The commercial construction industry has been flourishing, as a number of high-profile projects have either been announced or are underway. In May 2013, Meeras began the construction of its Bluewaters Island in Dubai, at an estimated value of AED5.9 billion (US$1.6 billion). Construction is set to be completed in the first quarter of 2018. The UAE’s retail sector is a strong component of the country’s commercial industry. According to AT Kearney’s 2012 Global Retail Development Index, which ranks the 30 best-performing developing countries in terms of retail expansion, the UAE emerged as the fifth-strongest market. In November 2013, the Bureau of International Expositions (BIE) announced Dubai as the host city for the world’s Trade Expo 2020. UAE’s construction industry will record quick growth as a result, driven by increased spending on infrastructure. A number of key projects have recently been announced. In February 2013, Arabtec announced that it had won a AED1 billion (US$272 million) contract from the National Investment Corporation to construct a 39-story tower in Abu Dhabi. The hotel will include 563 rooms and 249 apartments, with construction set to be completed in 2016. In November 2013, Arabtec was awarded a AED1.8 billion (US$490 million) contract to build a 77-story, 369m tower in Dubai. Construction is underway and is set to be completed in 2017. In December 2013, Flora Hospitality announced plans to construct four new properties in Dubai, to a value of AED750 million (US$204 million), during 2014 –2016. table Of Contents 1 Executive Summary 2 Market Overview 2.1 The Domestic Economy 2.2 Key Trends And Issues 2.3 Key Construction Indicators 2.4 Benchmarking By Market Size And Growth 2.5 Price Dynamics 2.5.1 Salaries 2.5.2 Equipment 2.5.3 Materials Construction in the UAE - Key Trends and Opportunities to 2017
  • 2. 2.5.4 Energy 2.6 Porter’s Five Forces Analysis 2.6.1 Bargaining Power Of Suppliers – Medium To High 2.6.2 Bargaining Power Of Buyers – Medium To High 2.6.3 Barriers To Entry – Low 2.6.4 Intensity Of Rivalry – Medium To High 2.6.5 Threat Of Substitution – High 2.7 Demographic Profile 3 Commercial Construction 3.1 Performance Outlook 3.2 Key Trends And Issues 3.3 Data And Project Highlights 4 Industrial Construction 4.1 Performance Outlook 4.2 Key Trends And Issues 4.3 Data And Project Highlights 5 Infrastructure Construction 5.1 Performance Outlook 5.2 Key Trends And Issues 5.3 Data And Project Highlights 6 Institutional Construction 6.1 Performance Outlook 6.2 Key Trends And Issues 6.3 Data And Project Highlights 7 Residential Construction 7.1 Performance Outlook 7.2 Key Trends And Issues 7.3 Data And Project Highlights 8 Company Profile: Arabtec Holding Pjsc 8.1 Arabtec Holding Pjsc – Company Overview 8.2 Arabtec Holding Pjsc – Business Description 8.3 Arabtec Holding Pjsc – Main Services 8.4 Arabtec Holding Pjsc – History 8.5 Arabtec Holding Pjsc – Company Information 8.5.1 Arabtec Holding Pjsc – Key Competitors 8.5.2 Arabtec Holding Pjsc – Key Employees 9 Company Profile: Union Properties Pjsc 9.1 Union Properties Pjsc – Company Overview 9.2 Union Properties Pjsc – Business Description 9.3 Union Properties Pjsc – Main Services 9.4 Union Properties Pjsc – History 9.5 Union Properties Pjsc – Company Information 9.5.1 Union Properties Pjsc – Key Competitors 9.5.2 Union Properties Pjsc – Key Employees 10 Company Profile: Drake & Scull International Pjsc 10.1 Drake & Scull International Pjsc – Company Overview 10.2 Drake & Scull International Pjsc – Business Description 10.3 Drake & Scull International Pjsc – Main Services 10.4 Drake & Scull International Pjsc – History 10.5 Drake & Scull International Pjsc – Company Information 10.5.1 Drake & Scull International Pjsc – Key Competitors 10.5.2 Drake & Scull International Pjsc – Key Employees Construction in the UAE - Key Trends and Opportunities to 2017
  • 3. 11 Company Profile: National Petroleum Construction Company 11.1 National Petroleum Construction Company – Company Overview 11.2 National Petroleum Construction Company – Business Description 11.3 National Petroleum Construction Company – Main Products And Services 11.4 National Petroleum Construction Company – History 11.5 National Petroleum Construction Company – Company Information 11.5.1 National Petroleum Construction Company – Key Competitors 11.5.2 National Petroleum Construction Company – Key Employees 12 Company Profile: Emirates Roads Contracting Llc 12.1 Emirates Roads Contracting Llc – Company Overview 12.2 Emirates Roads Contracting Llc – Main Services 12.3 Emirates Roads Contracting Llc – Company Information 12.3.1 Emirates Roads Contracting Llc – Key Competitors 12.3.2 Emirates Roads Contracting Llc – Key Employees 13 Market Data Analysis 13.1 Construction Output And Value Add 13.1.1 Construction Output By Project Type 13.1.2 Construction Output By Cost Type 13.1.3 Construction Output By Activity Type 13.1.4 Construction Value Add By Project Type 13.2 Commercial Construction 13.2.1 Commercial Construction Output By Project Type 13.2.2 Commercial Construction Output By Cost Type 13.2.3 Commercial Construction Output By Activity Type 13.2.4 Commercial Construction Value Add By Project Type 13.3 Industrial Construction 13.3.1 Industrial Construction Output By Project Type 13.3.2 Industrial Construction Output By Cost Type 13.3.3 Industrial Construction Output By Activity Type 13.3.4 Industrial Construction Value Add By Project Type 13.4 Infrastructure Construction 13.4.1 Infrastructure Construction Output By Project Type 13.4.2 Infrastructure Construction Output By Cost Type 13.4.3 Infrastructure Construction Output By Activity Type 13.4.4 Infrastructure Construction Value Add By Project Type 13.5 Institutional Construction 13.5.1 Institutional Construction Output By Project Type 13.5.2 Institutional Construction Output By Cost Type 13.5.3 Institutional Construction Output By Activity Type 13.5.4 Institutional Construction Value Add By Project Type 13.6 Residential Construction 13.6.1 Residential Construction Output By Project Type 13.6.2 Residential Construction Output By Cost Type 13.6.3 Residential Construction Output By Activity Type 13.6.4 Residential Construction Value Add By Project Type 14 Appendix 14.1 What Is This Report About? 14.2 Definitions 14.3 Summary Methodology 14.4 Methodology 14.5 Contact Timetric 14.6 About Timetric 14.7 Timetric’s Services 14.8 Disclaimer ResearchMoz(http://www.researchmoz.us/) is the one stop online destination to find and buy market research reports & Industry Analysis. We fulfill all your research needs spanning across industry verticals with our huge collection of market research reports. We provide our services to all sizes of organizations and across all industry verticals and markets. Our Research Coordinators have in-depth knowledge of reports as well as publishers and will assist you in making an informed decision by giving you unbiased and deep insights on which reports will satisfy your needs at the best price. Construction in the UAE - Key Trends and Opportunities to 2017
  • 4. Contact: M/s Sheela, 90 State Street, Suite 700, Albany NY - 12207 United States Tel: +1-518-618-1030 USA - Canada Toll Free 866-997-4948 Email: sales@researchmoz.us Website: http://www.researchmoz.us/ Construction in the UAE - Key Trends and Opportunities to 2017