Research and Markets: United Arab Emirates (UAE) Construction Industry May 2012

DUBLIN–(BUSINESS WIRE)–

Research and Markets (http://www.researchandmarkets.com/research/wnvngj/united_arab_emirat)
has announced the addition of the “United
Arab Emirates (UAE) Construction Industry May 2012″ report to
their offering.

After winning accolades as one of the world’s most eventful construction
industries and witnessing a successful property boom up to 2009, the
United Arab Emirates (UAE) witnessed a sharp tumble triggered by a debt
mounting from leading construction companies which had invested heavily
in building construction projects amid the boom and were unable to meet
financial commitments. Dubai led the downfall in the markets with
property prices and rents crashing as much as 60 percent in 2010,
followed by a hasty bailout by Abu Dhabi, the richest of the Emirates. A
year later, as Dubai begins to recover on a fragile path of restarting
projects shelved by it and restructuring to attract investments afresh,
Abu Dhabi which had embarked on an equally ambitious plan under its
Vision 2030 and looked like it will outpace Dubai on the global map, has
also met a stumbling block. Raising debt has caused the Emirate to
tighten its purse strings and relook construction projects with a finer
eye on the budget and spending, resulting in delays and cancellations on
a large scale in government backed projects across the Emirate.

UAE’s construction sector appears set to return to near-full capacity,
with the government announcing it is reactivating a number of major
development projects and stepping up spending on social infrastructure
development. In the first quarter of 2012, the Abu Dhabi and Dubai
governments unveiled its revised construction programme, putting a
number of formerly stalled projects on the top of its investment agenda,
a move that will revive the spirits of the UAE’s construction sector.

The UAE Government is determined to step up its economy through
diversification and investment programs. Its rapidly growing, and fast
urbanizing, young population constantly fuel demand across the real
estate, infrastructure and utilities segments of the market. While being
the region’s hub for tourism activities, the country also attracts large
tourism revenues further fuelling demand in the tourism and leisure
segments. The construction industry of UAE witnessed construction
contract awards to the tune of US$ 28,844 million in 2011, which is
expected to increase to US$ 32,841 million by 2012 and US$ 37,983 in
2013.

The UAE Construction Industry Overview – May 2012 is a study by Ventures
Middle East based on its vast experience of the GCC construction market
and its extensive projects database across the countries of the Middle
East and North Africa (MENA) region. It provides a strategic insight
into the various political, economic, social, technical, legislative and
environmental factors impacting this promising market. Besides an
analysis into the market drivers and restraints culminating in a
probability impact matrix of the occurrence of these drivers and
restraints on the construction market, the study also provides key
statistics of the construction contract awards across the various
sectors of the UAE construction market namely, buildings, oil and gas,
power and water, industrial and infrastructure.

Key statistics also include market size and forecasts of UAE
construction contract awards in the key segments of construction market
of United Arab Emirates. The study also provides description of the
sector-wise ongoing construction projects in addition to the proposed
new projects thereby serving as a wealth of information for all key
stakeholders of construction sector vying to enter this market.

Key Topics Covered:

Executive Summary

Chapter 1. Strategic Overview of UAE Construction industry 2012

Chapter 2. UAE Oil and Gas Sector Overview

Chapter 3. The UAE Power and Water Desalination Sector Overview

Chapter 4. UAE Building Construction Sector Overview

Chapter 5. UAE Industrial Sector Overview

Chapter 6. UAE Infrastructure Sector Overview

Chapter 7. Future Outlook for the UAE Construction Industry

Methodology

Code of Ethics

List of Tables and Figures

For more information visit http://www.researchandmarkets.com/research/wnvngj/united_arab_emirat

Article source: http://finance.yahoo.com/news/research-markets-united-arab-emirates-111100468.html

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