UAE Construction Market to Witness Significant Growth During Forecast Period
Increasing spending on
large-scale infrastructure development and housing projects to drive UAE construction
market through 2025
According
to TechSci Research report, “UAE
Construction Market, By Industry Type, By Region, Competition, Forecast
& Opportunities, 2025”, construction market in UAE is expected to grow at brisk
rate during the forecast period on account of growing use of innovative
technologies to make the construction safer & efficient and increasing
investment for the development of infrastructure.
Ongoing infrastructural projects in the country due to
Expo 2020 is driving the construction market as the event is predicted to substantially
boost the tourism of the country. Also, government of the country is showing
active interest in diversifying the economy and reduce dependency on oil which
will attract investors, propelling the growth of the construction market in the
country.
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Tables and Figures spread through Pages and an in-depth TOC on "UAE Construction
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UAE construction
market can be segmented based on industry type and region. Based on the industry
type, market can be segregated into industrial, commercial, infrastructural and
residential. Infrastructural industry type is forecast to account for significant
share on the back of government’s focus on smart cities. Furthermore, massive
public investment in infrastructure is projected to spur growth of the segment
through 2025. Other initiatives by the government like Ministry of Education
Strategic Plan 2017-21, Education 2020 Strategy, Dubai Tourism Strategy and
Sheikh Zayed Housing Programme are catalyzing the growth in other industries.
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AE
Arma-Electropanc, Consolidated Contractors Group, Bechtel, Fluor Corp, Arabtec
Construction LLC, Al Futtaim Carillion, ACC Arabian Construction Company, Joannou
& Paraskevaides Overseas Limited, Freyssinet Gulf LLC, among others are the
leading players operating in the UAE construction market.
“Dubai
is expected to account for the largest share in terms of region in the UAE
construction market on account of projects such as Dubai South, Dubailand,
among others and development of smart cities. Additionally, the government of
the country plans to transform Dubai into world’s smart city in the next five
years. Rewarded private and public contracts for the development of new hotels
& commercial building and initiatives for Dubai’s new transportation are
positively impacting the construction market.”, said Mr. Karan Chechi, Research
Director with TechSci Research, a research based global management consulting
firm.
“UAE Construction Market, By Industry Type, By
Region, Competition, Forecast & Opportunities, 2025” has evaluated the future growth potential of UAE construction
market and provides statistics & information on market size, structure and
future market growth. The report intends to provide cutting-edge market
intelligence and help decision makers take sound investment decision. Besides,
the report also identifies and analyzes the emerging trends along with
essential drivers, challenges and opportunities in the UAE construction market.
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