Construction in the UAE - Key Trends and Opportunities to 2017:Latest Industry Size Research Report @ http://www.researchmoz.us/construction-in-the-uae-key-trends-and-opportunities-to-2017-report.html
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.
Construction in the UAE - Key Trends and Opportunities to 2017:Latest Industry Size Research Report
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
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Construction in the UAE - Key Trends and Opportunities to 2017
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Construction in the UAE - Key Trends and Opportunities to 2017