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Published: Feb, 2017 | Pages:
76 | Publisher: Timetric
Industry: Construction | Report Format: Electronic (PDF)
Summary Timetric’s 'Construction in the UAE, Key Trends and Opportunities to 2021' 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 construction activity • Analysis of equipment, material and service costs for each project type in 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 • Profiles of the leading operators in the UAE construction industry • Data highlights of the largest construction projects in the UAE Synopsis In real terms, the UAE construction industry posted positive growth during the review period (2012–2016). Construction activity experienced a slight slowdown during 2015, owing to the impact of low oil prices. In addition, economic slowdown in China weighed on the UAE’s economic performance. Despite modest economic growth, the country’s construction industry registered positive growth during the review period, driven by the government’s investments in transport, residential and commercial infrastructure projects. The industry is expected to expand over the forecast period (2017–2021), driven by positive developments in regional economic conditions and subsequent improvements in investor confidence. Moreover, the government’s various large-scale investments in transport and commercial infrastructure projects on the back of the upcoming ‘World Expo 2020’ will be a major driver for the industry’s growth over the forecast period. The industry’s output value in real terms increased at a compound annual growth rate (CAGR) of 4.38% during the review period, and is expected to post a CAGR of 4.68% over the forecast period The government’s plans to diversify from an oil-dependent economy, while focusing on growth in non-oil sectors, are expected to drive investment in the construction industry over the forecast period. Scope This report provides a comprehensive analysis of the construction industry in the UAE. It provides: • Historical (2012-2016) and forecast (2017-2021) valuations of the construction industry in the UAE using construction output and value-add methods • Segmentation by sector (commercial, industrial, infrastructure, energy and utilities, 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 • Detailed profiles of the leading construction companies in the UAE Reasons To Buy • Identify and evaluate market opportunities using Timetric's 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 strategy using Timetric's critical and actionable insight. • Assess business risks, including cost, regulatory and competitive pressures. • Evaluate competitive risk and success factors. Key Highlights •In a bid to represent Dubai as a global hub for renewable energy, in November 2015 the government launched the Dubai Clean Energy Strategy 2050. Under this strategy, the government announced its plans to invest AED100.0 billion (US$27.2 billion) in a green fund so as to encourage investments in renewable energy projects. •On account of hosting the ‘World Expo’ in 2020, the Dubai government is making significant investments to develop Expo-related infrastructure. Accordingly, in 2015, the government announced its plans to invest over AED32.0 billion (US$8.7 billion) to construct the Expo site on a 4.3 million m2 area, as well as other related infrastructural facilities in the Dubai South district. •In September 2016, Dubai Holding launched the Jumeirah Central project, which involves the development of a new city district across 4.4 million m2 of gross floor area in Dubai. With a total investment of AED73.0 billion (US$19.9 billion) the project includes the construction of over 278 buildings, consisting of 11,000 housing units, retail units spread across an 845,417.6 m2 area, office facilities across a 743,224.3 m2 area and 7,200 hotel rooms. •Chemaweyaat, the National Chemicals Company of Abu Dhabi, is developing a large-scale project called the Tacaamol-Al Gharbia Chemical Industrial City in Taweelah, Al Gharbia. This project involves a total investment of AED73.5 billion (US$20.0 billion), and is expected to be implemented in three phases. •According to the World Economic Forum’s Global Competitiveness Report 2016–2017, the UAE ranks fourth out of 138 countries, in terms of the quality of overall infrastructure. Moreover, the country retained its leading position secured in the previous year, in terms of the quality of road, air and port transport infrastructure.
Table of Content 1 Executive Summary 2 Industry Outlook 2.1 Commercial Construction 2.2 Industrial Construction 2.3 Infrastructure Construction 2.4 Energy and Utilities Construction 2.5 Institutional Construction 2.6 Residential Construction 3 Key Issues and Developments 4 Market Data Analysis 4.1 Construction Output and Value Add 4.1.1 Construction output by project type 4.1.2 Construction output by cost type 4.1.3 Construction output by activity type 4.1.4 Construction value add by project type 4.2 Commercial Construction 4.2.1 Commercial construction output by project type 4.2.2 Commercial construction output by cost type 4.2.3 Commercial construction output by activity type 4.2.4 Commercial construction value add by project type 4.3 Industrial Construction 4.3.1 Industrial construction output by project type 4.3.2 Industrial construction output by cost type 4.3.3 Industrial construction output by activity type 4.3.4 Industrial construction value add by project type 4.4 Infrastructure Construction 4.4.1 Infrastructure construction output by project type 4.4.2 Infrastructure construction output by cost type 4.4.3 Infrastructure construction output by activity type 4.4.4 Infrastructure construction value add by project type 4.5 Energy and Utilities Construction 4.5.1 Energy and utilities construction output by project type 4.5.2 Energy and utilities construction output by cost type 4.5.3 Energy and utilities construction output by activity type 4.5.4 Energy and utilities construction value add by project type 4.6 Institutional Construction 4.6.1 Institutional construction output by project type 4.6.2 Institutional construction output by cost type 4.6.3 Institutional construction output by activity type 4.6.4 Institutional construction value add by project type 4.7 Residential Construction 4.7.1 Residential construction output by project type 4.7.2 Residential construction output by cost type 4.7.3 Residential construction output by activity type 4.7.4 Residential construction value add by project type 5 Company Profile: Arabtec Holding 5.1 Arabtec Holding – Company Overview 5.2 Arabtec Holding – Business Description 5.3 Arabtec Holding – Main Products and Services 5.4 Arabtec Holding – History 5.5 Arabtec Holding – Company Information 5.5.1 Arabtec Holding – key competitors 5.5.2 Arabtec Holding – key employees 6 Company Profile: Habtoor Leighton Group 6.1 Habtoor Leighton Group – Company Overview 6.2 Habtoor Leighton Group – Business Description 6.3 Habtoor Leighton Group – Main Services 6.4 Habtoor Leighton Group – History 6.5 Habtoor Leighton Group – Company Information 6.5.1 Habtoor Leighton Group – key competitors 6.5.2 Habtoor Leighton Group – key employees 7 Company Profile: Manazel Real Estate PJSC 7.1 Manazel Real Estate PJSC – Company Overview 7.2 Manazel Real Estate PJSC – Main Services 7.3 Manazel Real Estate PJSC – History 7.4 Manazel Real Estate PJSC – Company Information 7.4.1 Manazel Real Estate PJSC – key competitors 7.4.2 Manazel Real Estate PJSC – key employees 8 Company Profile: Dubai Holding Commercial Operations Group LLC 8.1 Dubai Holding Commercial Operations Group LLC – Company Overview 8.2 Dubai Holding Commercial Operations Group LLC – Main Services 8.3 Dubai Holding Commercial Operations Group LLC – History 8.4 Dubai Holding Commercial Operations Group LLC – Company Information 8.4.1 Dubai Holding Commercial Operations Group LLC – key competitors 8.4.2 Dubai Holding Commercial Operations Group LLC – key employees 9 Company Profile: Petrofac Emirates LLC 9.1 Petrofac Emirates LLC – Company Overview 9.2 Petrofac Emirates LLC – Main Services 9.3 Petrofac Emirates LLC – History 9.4 Petrofac Emirates LLC – Company Information 9.4.1 Petrofac Emirates LLC – key competitors 9.4.2 Petrofac Emirates LLC – key employees 10 Appendix 10.1 What is this Report About? 10.2 Definitions 10.3 Methodology 10.4 Contact Timetric 10.5 About Timetric 10.6 Timetric’s Services 10.7 Disclaimer
List of Tables Table 1: UAE Construction Output by Project Type (AED Million), 2012–2016 Table 2: UAE Construction Output by Project Type (AED Million), 2016–2021 Table 3: UAE Construction Output by Cost Type (AED Million), 2012–2016 Table 4: UAE Construction Output by Cost Type (AED Million), 2016–2021 Table 5: UAE Construction Output by Activity (AED Million), 2012–2016 Table 6: UAE Construction Output by Activity Type (AED Million), 2016–2021 Table 7: UAE Construction Value Add by Project Type (AED Million), 2012–2016 Table 8: UAE Construction Value Add by Project Type (AED Million), 2016–2021 Table 9: UAE Commercial Construction Output by Project Type (AED Million), 2012–2016 Table 10: UAE Commercial Construction Output by Project Type (AED Million), 2016–2021 Table 11: UAE Commercial Construction Output by Cost Type (AED Million), 2012–2016 Table 12: UAE Commercial Construction Output by Cost Type (AED Million), 2016–2021 Table 13: UAE Commercial Construction Output by Activity (AED Million), 2012–2016 Table 14: UAE Commercial Construction Output by Activity Type (AED Million), 2016–2021 Table 15: UAE Commercial Construction Value Add by Project Type (AED Million), 2012–2016 Table 16: UAE Commercial Construction Value Add by Project Type (AED Million), 2016–2021 Table 17: UAE Industrial Construction Output by Project Type (AED Million), 2012–2016 Table 18: UAE Industrial Construction Output by Project Type (AED Million), 2016–2021 Table 19: UAE Industrial Construction Output by Cost Type (AED Million), 2012–2016 Table 20: UAE Industrial Construction Output by Cost Type (AED Million), 2016–2021 Table 21: UAE Industrial Construction Output by Activity (AED Million), 2012–2016 Table 22: UAE Industrial Construction Output by Activity Type (AED Million), 2016–2021 Table 23: UAE Industrial Construction Value Add by Project Type (AED Million), 2012–2016 Table 24: UAE Industrial Construction Value Add by Project Type (AED Million), 2016–2021 Table 25: UAE Infrastructure Construction Output by Project Type (AED Million), 2012–2016 Table 26: UAE Infrastructure Construction Output by Project Type (AED Million), 2016–2021 Table 27: UAE Infrastructure Construction Output by Cost Type (AED Million), 2012–2016 Table 28: UAE Infrastructure Construction Output by Cost Type (AED Million), 2016–2021 Table 29: UAE Infrastructure Construction Output by Activity (AED Million), 2012–2016 Table 30: UAE Infrastructure Construction Output by Activity Type (AED Million), 2016–2021 Table 31: UAE Infrastructure Construction Value Add by Project Type (AED Million), 2012–2016 Table 32: UAE Infrastructure Construction Value Add by Project Type (AED Million), 2016–2021 Table 33: UAE Energy and Utilities Construction Output by Project Type (AED Million), 2012–2016 Table 34: UAE Energy and Utilities Construction Output by Project Type (AED Million), 2016–2021 Table 35: UAE Energy and Utilities Construction Output by Cost Type (AED Million), 2012–2016 Table 36: UAE Energy and Utilities Construction Output by Cost Type (AED Million), 2016–2021 Table 37: UAE Energy and Utilities Construction Output by Activity (AED Million), 2012–2016 Table 38: UAE Energy and Utilities Construction Output by Activity Type (AED Million), 2016–2021 Table 39: UAE Energy and Utilities Construction Value Add by Project Type (AED Million), 2012–2016 Table 40: UAE Energy and Utilities Construction Value Add by Project Type (AED Million), 2016–2021 Table 41: UAE Institutional Construction Output by Project Type (AED Million), 2012–2016 Table 42: UAE Institutional Construction Output by Project Type (AED Million), 2016–2021 Table 43: UAE Institutional Construction Output by Cost Type (AED Million), 2012–2016 Table 44: UAE Institutional Construction Output by Cost Type (AED Million), 2016–2021 Table 45: UAE Institutional Construction Output by Activity (AED Million), 2012–2016 Table 46: UAE Institutional Construction Output by Activity Type (AED Million), 2016–2021 Table 47: UAE Institutional Construction Value Add by Project Type (AED Million), 2012–2016 Table 48: UAE Institutional Construction Value Add by Project Type (AED Million), 2016–2021 Table 49: UAE Residential Construction Output by Project Type (AED Million), 2012–2016 Table 50: UAE Residential Construction Output by Project Type (AED Million), 2016–2021 Table 51: UAE Residential Construction Output by Cost Type (AED Million), 2012–2016 Table 52: UAE Residential Construction Output by Cost Type (AED Million), 2016–2021 Table 53: UAE Residential Construction Output by Activity (AED Million), 2012–2016 Table 54: UAE Residential Construction Output by Activity Type (AED Million), 2016–2021 Table 55: UAE Residential Construction Value Add by Project Type (AED Million), 2012–2016 Table 56: UAE Residential Construction Value Add by Project Type (AED Million), 2016–2021 Table 57: Arabtec Holding, Key Facts Table 58: Arabtec Holding, Main Products and Services Table 59: Arabtec Holding, History Table 60: Arabtec Holding, Key Employees Table 61: Habtoor Leighton Group, Key Facts Table 62: Habtoor Leighton Group, Main Services Table 63: Habtoor Leighton Group, History Table 64: Habtoor Leighton Group, Key Employees Table 65: Manazel Real Estate PJSC, Key Facts Table 66: Manazel Real Estate PJSC, Main Services Table 67: Manazel Real Estate PJSC, History Table 68: Manazel Real Estate PJSC, Key Employees Table 69: Dubai Holding Commercial Operations Group LLC, Key Facts Table 70: Dubai Holding Commercial Operations Group LLC, Main Services Table 71: Dubai Holding Commercial Operations Group LLC, History Table 72: Dubai Holding Commercial Operations Group LLC, Key Employees Table 73: Petrofac Emirates LLC, Key Facts Table 74: Petrofac Emirates LLC, Main Services Table 75: Petrofac Emirates LLC, History Table 76: Petrofac Emirates LLC, Key Employees Table 77: Timetric Construction Market Definitions List of Figures Figure 1: UAE Construction Output (Real US$ 2010, Million), 2012–2021 Figure 2: Growth Matrix for Construction Output in the UAE (US$ Million), 2012–2021 Figure 3: UAE Construction Output by Project Type (AED Million), 2012–2021 Figure 4: UAE Construction Output by Cost Type (AED Million), 2012–2021 Figure 5: UAE Construction Output by Activity Type (AED Million), 2012–2021 Figure 6: UAE Construction Value Add by Project Type (AED Million), 2012–2021 Figure 7: UAE Commercial Construction Output by Project Type (AED Million), 2012–2021 Figure 8: UAE Commercial Construction Output by Cost Type (AED Million), 2012–2021 Figure 9: UAE Commercial Construction Output by Activity Type (AED Million), 2012–2021 Figure 10: UAE Commercial Construction Value Add by Project Type (AED Million), 2012–2021 Figure 11: UAE Industrial Construction Output by Project Type (AED Million), 2012–2021 Figure 12: UAE Industrial Construction Output by Cost Type (AED Million), 2012–2021 Figure 13: UAE Industrial Construction Output by Activity Type (AED Million), 2012–2021 Figure 14: UAE Industrial Construction Value Add by Project Type (AED Million), 2012–2021 Figure 15: UAE Infrastructure Construction Output by Project Type (AED Million), 2012–2021 Figure 16: UAE Infrastructure Construction Output by Cost Type (AED Million), 2012–2021 Figure 17: UAE Infrastructure Construction Output by Activity Type (AED Million), 2012–2021 Figure 18: UAE Infrastructure Construction Value Add by Project Type (AED Million), 2012–2021 Figure 19: UAE Energy and Utilities Construction Output by Project Type (AED Million), 2012–2021 Figure 20: UAE Energy and Utilities Construction Output by Cost Type (AED Million), 2012–2021 Figure 21: UAE Energy and Utilities Construction Output by Activity Type (AED Million), 2012–2021 Figure 22: UAE Energy and Utilities Construction Value Add by Project Type (AED Million), 2012–2021 Figure 23: UAE Institutional Construction Output by Project Type (AED Million), 2012–2021 Figure 24: UAE Institutional Construction Output by Cost Type (AED Million), 2012–2021 Figure 25: UAE Institutional Construction Output by Activity Type (AED Million), 2012–2021 Figure 26: UAE Institutional Construction Value Add by Project Type (AED Million), 2012–2021 Figure 27: UAE Residential Construction Output by Project Type (AED Million), 2012–2021 Figure 28: UAE Residential Construction Output by Cost Type (AED Million), 2012–2021 Figure 29: UAE Residential Construction Output by Activity Type (AED Million), 2012–2021 Figure 30: UAE Residential Construction Value Add by Project Type (AED Million), 2012–2021
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