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

Bechtel Launches Carbon-Free Nuclear Power Plant

Bechtel partners with TerraPower and GE Hitachi technology, to build the ground-breaking carbon free nuclear power plant in Wyoming.

Major Construction Companies Invest in Modular Construction

Modular building is growing worldwide as major construction companies get on board, including Bouygues, Skanska and Katerra.

Construction Industry Demands new Financing Model

Major contractors like Balfour Beatty and Morgan Sindall are calling for a new financing model in the construction industry, to improve private investment.

German Construction Industry Crisis 'Worst in Generation'

Construction Projects

Wincanton: Construction 'can Learn From Retail Supply Chain'

Digital Construction

McKinsey: Tech can Help Construction Address Staffing Issue

Technology & AI