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Energy and Utilities Infrastructure Construction in the UAE to 2019: Market Forecast 1 Ken Research Private Limited
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Scope of the Report Overview of the energy and utilities infrastructure construction industry in the United Arab Emirates. Historic and forecast market value for the energy and utilities infrastructure construction industry by construction output and value-add methods for the period 2010 through to 2019. Historic and forecast market value by construction activity (new construction, repair and maintenance, refurbishment and demolition) across the energy and utilities infrastructure construction industry for the period 2010 through to 2019. Report allows you to plan future business decisions using the forecast figures given for the market. Ken Research Private Limited2
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Overview of the Construction Industry in UAE 1990s Expansion started in construction industry Contributed 9.0% to the GDP 2005 Tremendous increase in industry output, peaked at AED 62.4 billion. Since then, output has always been above AED 40.0 billion per year 2014 Owing to its strong performance, the UAE is investor’s priority market in the Middle East With total investments of AED143.0 billion (USD 39.0 billion) in 2014, the construction sector saw a growth of 5.5%, compared to 2013 In 2014, the UAE project awards totaled nearly USD 86.0 billion 3 Ken Research Private Limited
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Energy and Utility Construction Industry: Infrastructural Developments 4 Clean energy, water availability and productivity, reduction of carbon emissions and energy intensity are the top priority under vision 2021 Adoption of strict water budget and new measures to minimize water use for irrigation and also development of methods to utilized used water for irrigation Implementation of civil nuclear energy programme, by Emirates Nuclear Energy Corporation Given its abundant sunshine, it is very cost effective to produce Solar energy in the UAE. Recently, chain of developments has been witnessed in this sector. Desalination capacity has been increased tremendously Ken Research Private Limited
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Steps Taken By The Government Implementation of mandatory sustainability codes which is targeted to reduce average water and energy consumption Irrigation methods that aim to reduce water consumption by 40 %. Increasing local production of fruits and vegetables using protected agriculture that conserves water and electricity. The government aims to generate 7% of the country’s total electricity needs through renewable sources by 2020 Increasing the share of renewable energy in terms of total energy consumption and encouraging investment in renewable energy infrastructure to drive growth 5 Ken Research Private Limited
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KEY DRIVERS 6 Large-scale investments in infrastructure developmentNation’s hosting of the 2020 World ExpoCountry’s strong economic growthStrategic locationLarge consumer base Ken Research Private Limited
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STRENGTHS Oil-rich country Political stability International business and investment from overseas Growing non-oil sector Tax free environment WEAKNESSES Inflation growth Currency value instability (AED peg to USD) Oil production spending increase, government saving decrease Shortage of skilled manpower Disparities between Emirates OPPORTUNITIES Progress toward diversification into service sectors such as high-tech, logistics, ports, tourism, financial services, health, education and media Global increase in oil consumption and oil price rise Private sector-led economic expansion promotion THREATS Conflicts in the GCC region and worsening security Downside risks from the global economy Worsening international financial market conditions Competition from other emergent markets in the Middle East and worldwide SWOT ANALYSIS OF UAE Construction Industry 7 Ken Research Private Limited
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For more information on coverage, click on the following link: https://www.kenresearch.com/manufacturing-and- construction/infrastructure/energy-utilities-infrastructure/29572-97.html Contact: Ken Research Ankur Gupta, Head Marketing & Communications query@kenresearch.com +91-124-4230204 8 Ken Research Private Limited
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