United Arab Emirates (UAE) Construction Market Overview
The United Arab Emirates (UAE) construction market continues to witness robust growth, driven by ambitious infrastructure projects, rapid urbanization, and the government’s focus on diversifying the economy. As one of the leading market research and consulting firms, GlobalData unveils comprehensive insights into the UAE construction market, highlighting key trends, growth opportunities, and market dynamics.
Market Size (2022) | $86.7 billion |
AAGR (2024-2027) | >3% |
Forecast Period | 2023-2027 |
Historical Period | 2018-2022 |
Key Sectors | Commercial Construction, Industrial Construction, Infrastructure Construction, Energy and Utilities Construction, Institutional Construction, and Residential Construction |
Leading Contractors | BIC Contracting LLC, Investment Corporation of Dubai, Acciona SA, Al Shafar General Contracting LLC, National Marine Dredging Co, Ghantoot Group, Saif Bin Darwish Co LLC, National Petroleum Construction Co, Jan De Nul Group, and Ackermans & Van Haaren NV |
Leading Consultants | Parsons Corp, SNC-Lavalin Group Inc, Dar Al-Handasah Consultants Shair and Partners Holdings Ltd, Arcadis NV, WS Atkins Ltd, KEO plc, AECOM, Khatib & Alami Holding, Mott MacDonald Group Ltd, and TechnipFMC Plc |
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Key UAE Construction Market Insights
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UAE Construction Market Outlook and Future Prospects
GlobalData’s comprehensive analysis predicted that the UAE construction market size was valued at $86.7 billion in 2022 and projects a positive outlook for the UAE construction market, with an AAGR of more than 3% during 2024-2027. The market is expected to witness sustained growth driven by continued infrastructure development, increasing urbanization, and the UAE’s commitment to becoming a global business and tourism hub.
To delve deeper into the findings and gain access to the complete market report, industry stakeholders, including investors, contractors, suppliers, and policymakers, are encouraged to contact GlobalData for detailed insights and tailored advisory services.
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UAE Construction Market Scope
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