The rewards on offer in the UAE's construction sector are significant - especially in the run - up to the Expo 2020 event in Dubai. Dubai will be the outperforming market, although we expect growth will remain healthy across the UAE , even with low oil prices . Government investment will be r obust in infrastructure sectors, while the biggest risk stems from private investment in Abu Dhabi , which will be adversely affected by lower oil prices.
Forecasts and Major Developments
Lower oil prices pose little threat to the UAE's construction industry outlook overall - we forecast real growth in 2016 of 6.6% in real terms y-o-y.
Abu Dhabi has the largest infrastructure investment programme in the UAE, but will also be the market most exposed to the fall in oil prices, given its economy's reliance on the sector. Dubai and the Northern Emirates' fiscal position, which relies much less on oil revenue, will be buoyed by our expectation for growth in the non-hydrocarbons sectors of the economy.
Full Report Details at
- http://www.fastmr.com/prod/1109792_united_arab_emirates.aspx?afid=301
The residential and non-residential building outlook remains positive as measures to cool the market take effect. Numerous measures have been undertaken, such as rent caps and requirements of about 50% payment before property transfers occur, to prevent speculative buyers from overheating the residential market. Additionally, tax increases for Indian buyers should cool demand in the market.
The United Arab Emirates Infrastructure Report features BMI Research's market assessment and forecasts covering public procurement and spending on all major infrastructure and construction projects, including transportation and logistics by land, sea and air; power plants and utilities, and commercial construction and property development. The report analyses the impact of regulatory changes and the macroeconomic outlook and features competitive intelligence on contractors and suppliers.
BMI's United Arab Emirates Infrastructure Report provides industry professionals and strategists, sector analysts, investors, trade associations and regulatory bodies with independent forecasts and competitive intelligence on the Emirati infrastructure and construction industry.
Key Benefits
* Benchmark BMI's independent infrastructure industry forecasts for United Arab Emirates to test other views - a key input for successful budgetary and planning in the Emirati infrastructure market.
* Target business opportunities and risks in the Emirati infrastructure sector through our reviews of latest industry trends, regulatory changes and major deals, projects and investments in United Arab Emirates.
* Assess the activities, strategy and market position of your competitors, partners and clients via our Company Profiles (inc. SWOTs, KPIs and latest activity).
Coverage
BMI Industry View
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You may also be interested in these related reports:
- Infrastructure Construction in the United Arab Emirates to 2018: Market Forecast
- United States Infrastructure Report Q1 2016
- United Arab Emirates Infrastructure Report Q4 2015
- Construction in the United Arab Emirates to 2018: Market Forecast
- United Kingdom Infrastructure Report Q1 2016
United Arab Emirates Infrastructure Report Q1 2016 - New Report Available
Company: Fast Market Research, Inc.
Contact Name: Bill Thompson
Contact Email: press@fastmr.com
Contact Phone: 1-413-485-7001
Contact Name: Bill Thompson
Contact Email: press@fastmr.com
Contact Phone: 1-413-485-7001