UAE infrastructure projects to hit $89.93bn by 2026

By Andrew Woods
The value of infrastructure projects in the UAE is expected to reach $89.93 billion by 2026 according to a report by BMI Research. The UAE is forecast...

The value of infrastructure projects in the UAE is expected to reach $89.93 billion by 2026 according to a report by BMI Research.

The UAE is forecast to rank nineteenth among the biggest construction markets in the world, which would account for 13.8% of the country’s gross domestic product (GDP) in the same year.

See also: 

The huge investments pumped into the UAE transportation, energy, and tourism sectors in both Dubai and Abu Dhabi will boost growth in the coming decade, the UK-based research firm added.

In May, this year, UAE was named among the world's top locations in which to invest in infrastructure according to data published in by Bank of America Merrill Lynch.

The UAE ranked third behind Singapore while Saudi Arabia was prominent in 15th place. Dubai has made massive investments in infrastructure projects related to the international trade fair with Expo-related projects hitting $42.5 billion as of March 2018.

 

 

Share
Share

Featured Articles

Masdar works with African countries on renewable projects

Agreements with Angola, Uganda and Zambia will see development of renewable energy projects with a combined capacity of up to 5GW

Select Group awards US$816.7m in construction contracts

Contracts awarded cover more than 10 million square feet of development and are for development projects launched over the last year

Saipem awarded $1.2bn contracts for Guyana and Egypt project

Italian multinational say new contracts will be for ExxonMobil Guyana and Petrobel

Saudi Arabia dominates MENA construction sector in 2022

Facilities Management

WeBuild-led consortium signs €1.26bn Italian highway contrac

Construction Projects

Shaariq.com signs MoU with Pakistan’s JK&S Developers

Digital Construction