The latest BNC UAE Construction Analysis report, which was published in November 2017, estimated active construction projects at $ 818.2 billion (3 trillion dirhams). This represents 33 % of the total value and 52 % of all construction activities in the Gulf Cooperation Council states as a whole. All active construction projects in the Gulf Cooperation Council countries region come out to $ 2.43 trillion (8.91 trillion dirhams).
Construction projects in the United Arab Emirates combined 11,755 helped demand the title as the second largest construction market in the Middle East and North Africa.
With statistics such as that it is not surprising that the United Arab Emirates is classified as the most attractive country in the Middle East and North Africa to conduct works with it. The World Bank's "Ease of Practice" tool assesses the attractiveness of global economies for investors, businessmen and B2B companies. On the global level, the United Arab Emirates was ranked 26 (2017), a great leap from its place in Al -Baqa 34 (2016).
The short -term construction sector analysis in the United Arab Emirates
The Emirati construction sector, especially in Dubai, will be the main driver for non -oil commodity growth. With preparations for the Expo 2020 event, many new infrastructure projects take place. Some building infrastructure projects in the United Arab Emirates include metro expansions, roads and bridges. According to the BNC report, there are about 533 facilities projects (93.6 billion US dollars), 655 industrial projects (87.4 billion US dollars), 493 transport projects (87.4 billion US dollars) and 92 oil and gas projects ($ 68.2 billion) during the movement . However, urban development in the construction project of 9,972 ($ 537 billion) came in the United Arab Emirates.
The Emirati construction sector as a whole is expected to grow at an average rate of 6 % between 2017-2020 before slowing down to about 4.6 % between 2021-2026, according to the body mass index research. Many of the current United Arab Emirates construction projects aim to keep pace with the requirements of the exhibition 2020, which explains the reason for the low growth rate after that year. The value of projects allocated to this event is estimated at about 3 billion US dollars. Other UAE construction projects are also in LeU, as the world's largest development in Dubai Kreik Port, which is estimated at 4 to 5 billion dollars.