Construction Market in the United Arab Emirates (UAE): Key Trends and Opportunities to 2025 (Q2 2021)

The latest research on “Construction Market in the United Arab Emirates (UAE) - Key Trends and Opportunities to 2025 (Q2 2021) Report 2021” offered by HTF MI provides a comprehensive investigation into the geographical landscape, industry size along with the revenue estimation of the business. Additionally, the report also highlights the challenges impeding market growth and expansion strategies employed by leading companies in the “Market”.

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Construction Market in the United Arab Emirates (UAE) Summary:
The UAE’s construction sector declined by an estimated 4.8% in real terms in 2020, due to the Coronavirus (COVID-19) outbreak and low global oil demand. HTF maintains its expectation that the construction industry will rebound in 2021, and record growth of 3.1%. The postponement of Expo 2020 increasingly looks like a boon that will allow Dubai to ride a wave of post-COVID-19 enthusiasm for new business opportunities in the short term. Thereafter, the industry is expected to expand at an annual average of 3.8% between 2022 and 2025. The approval of a new Dubai Building Code in October 2020 is a positive development; the new code outlines a revised set of construction rules and standards and seeks to reduce construction costs by streamlining building rules.

As part of its economic support program, in July 2020 the government announced a new package worth AED1.5 billion (US$408 million), including the cancellation of certain fines imposed by the government and the customs department, tax reimbursements to hotels and restaurants, and providing various banking facilities to individuals and corporates. In October 2020, the government announced an additional AED500 million (US$136.1 million) of a stimulus package to support the local economy, and then a further AED315 million (US$85.8 million) in early January 2021.

PESTLE Analysis of Construction Market in the United Arab Emirates (UAE) - Key Trends and Opportunities to 2025 (Q2 2021) Market
• Political (Political policy and stability as well as trade, fiscal and taxation
policies)
• Economical (Interest rates, employment or unemployment rates, raw material
costs and foreign exchange rates)
• Social (Changing family demographics, education levels, cultural trends,
attitude changes and changes in lifestyles)
• Technological (Changes in digital or mobile technology, automation, research
and development)
• Legal (Employment legislation, consumer law, health and safety, international
as well as trade regulation and restrictions)
• Environmental (Climate, recycling procedures, carbon footprint, waste
disposal and sustainability)

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The market share (by revenue) for the public players will be based on the information available in the public domain, and for the private players, such information will be provided on best effort basis, which will entirely be based on primary interviews and latest developments of the companies

Construction Market in the United Arab Emirates (UAE) - Key Trends and Opportunities to 2025 (Q2 2021) detailed market analysis, information and insights into the UAE construction industry, including,
- The UAE construction industry's growth prospects by market, project type and construction activity
- Critical insight into the impact of industry trends and issues, as well as an analysis of key risks and opportunities in the UAE construction industry
- Analysis of the mega-project pipeline, focusing on development stages and participants, in addition to listings of major projects in the pipeline.

Construction Market in the United Arab Emirates (UAE) Scope:
This report provides a comprehensive analysis of the construction industry in the UAE. It provides -
- Historical (2016-2020) and forecast (2021-2025) valuations of the construction industry in the UAE, featuring details of key growth drivers.
- Segmentation by sector (commercial, industrial, infrastructure, energy and utilities, institutional and residential) and by sub-sector
- Analysis of the mega-project pipeline, including breakdowns by development stage across all sectors, and projected spending on projects in the existing pipeline.
- Listings of major projects, in addition to details of leading contractors and consultants

Check Complete Report Details of market @ https://www.htfmarketreport.com/reports/3299196-construction-in-the-united-arab-emirates

Reasons to Buy
- Identify and evaluate market opportunities using GlobalData's standardized valuation and forecasting methodologies.
- Assess market growth potential at a micro-level with over 600 time-series data forecasts.
- Understand the latest industry and market trends.
- Formulate and validate strategy using GlobalData's critical and actionable insight.
- Assess business risks, including cost, regulatory and competitive pressures.
- Evaluate competitive risk and success factors.

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