Dubai

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    Dubai

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CONSTRUCTION PROJECTS IN THE UAE

Despite the recent turbulence in global markets, The UAE continues to exemplify resilience and dedication. With over US$500 billion worth of active and ongoing construction projects still underway despite external pressures, it's clear that Dubai is determined to maintain its economic progression for years to come - resulting ultimately in a welcome bounce back into full operation.

Steady growth is forecasted for the construction sector in the UAE over 2023-2026, with a predicted CAGR of more than 3%. It's anticipated that total contracts awarded will reach an estimated US$ 24.2 billion next year, and building projects are set to be at their peak worth $10.3bn; followed by those from oil and gas (US$ 5.25bn) and power and water ($4¬064mn).

UAE PROJECT
INDUSTRY IN A SNAPSHOT

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2.5+ Trillion USD

Worth of Projects

31,000+

Projects tracked

31,000+

Construction Companies tracked

28+ Billion USD

Awarded Contracts last year

 

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ross taylor

joined: April 10, 2023
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