Renewable Energy and Water Projects Transform U.A.E. Civil Construction Industry

According to the latest market research study published by P&S Intelligence, the United Arab Emirates (U.A.E.) civil construction market is poised for substantial growth, with projected revenues increasing from an estimated USD 43.4 billion in 2024 to USD 60.0 billion by 2030, reflecting a compound annual growth rate (CAGR) of 5.6%.

This growth is driven by several factors, including rapid urbanization, economic diversification efforts, and a burgeoning population. The U.A.E.'s focus on reducing carbon emissions by 70% through the expansion of renewable energy sources, as outlined in the U.A.E. Energy Strategy 2050, further propels the demand for sustainable infrastructure projects.

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Key Insights

Transportation Infrastructure Dominance: Transportation infrastructure is expected to hold the largest market share, accounting for 55% in 2024, and is also the fastest-growing category with a projected CAGR of 7% by 2030. This surge is attributed to significant investments in projects such as the USD 11 billion Etihad Rail, the USD 5.9 billion hyperloop project between Dubai and Abu Dhabi, and the USD 2.7 billion Sheikh Zayed double-deck road project.

New Construction Leading the Charge: The new construction segment is anticipated to dominate, holding a 70% market share in 2024, and is projected to grow at a CAGR of 6.5% by 2030. This is driven by an expanding population and a strategic emphasis on economic diversification, leading to numerous upcoming projects such as the Hail and Gasha Sour Gas Development and Mohammed Bin Rashid City.

Government as the Primary End User: The government sector is the largest end user, with an 80% market share in 2024, and is expected to grow at a CAGR of 8% by 2030. This underscores the government's commitment to infrastructure development as a cornerstone of economic diversification efforts.

Dubai at the Forefront: Geographically, Dubai is set to hold the largest market share, at 45% in 2024, and is projected to experience the fastest revenue growth, with a CAGR of 6% during the forecast period. This is due to its dense population, ongoing megaprojects, and growing tourism industry.

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Focus on Energy Efficiency: The U.A.E. is prioritizing energy efficiency in its civil construction projects. Notably, the Mohammed Bin Rashid Al Maktoum Solar Park, with a production capacity of 5,000 MW and an investment of USD 13.61 billion, aims to reduce up to 6.5 million tons of carbon emissions annually upon its expected completion in 2030.

Addressing Water Scarcity: Given the arid desert climate, water scarcity is a significant concern in the U.A.E. Initiatives such as seawater desalination and the construction of water reservoirs, including the Aquifer Storage and Recovery (ASR) project by the Dubai Electricity and Water Authority (Dewa), are underway. The ASR project, expected to be completed by 2025, will have one of the largest storage capacities in the region, with 6,000 million imperial gallons of water stored.

Fragmented Market Landscape: The U.A.E. civil construction market is highly fragmented, with both international and domestic players contributing to a competitive environment.

This diversity fosters innovation and offers consumers a wide range of expertise and competitive pricing. The shift toward renewable energy has heightened the demand for sustainable and advanced alternatives, increasing market complexity and competition.

Key Industry Players: Prominent companies in the U.A.E. civil construction market include Arabtec Holding PJSC, Consolidated Contractors Company (CCC), ALEC Engineering and Contracting LLC, Al-Futtaim Group, Bam International Abu Dhabi, Khansaheb Civil Engineering, Al Naboodah Construction Group, ETA Engineering Pvt Ltd., Al Jaber Group LLC, Wade Adams Contracting LLC, Nurol Construction and Trading Co. Inc., and Ghantoot Group.

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