Saudi Arabia overtook the UAE to become the GCCs biggest projects market in 2010. It remains to be seen whether it will be able to maintain its position in 2016: at the half point of the year it had awarded just $11.9bn of contracts compared with the UAEs $22.6bn.
The UAE currently has $155bn-worth of projects in execution. In terms of future spending, there are $629bn of projects planned or announced as of mid-2016.
In this latest MEED Insight research report, UAE Outlook 2016, we assess the outlook for the UAE projects market in 2016-2017 along with its history, policy, targets and key clients. It aims to highlight where the opportunities lie for those working in the UAE and the key drivers behind investment plans.
Through this comprehensive report you will:
- Gain an immediate insight on the UAE market and save time in your decision-making
- Access detailed historical and current analysis, combined with future project analysis
- Identify project opportunities and plan your future business development goals
- Access key data on current and future size of each sector
- Obtain proprietary client and contractor rankings
- Mitigate risk by identifying challenges in the UAE market
Between 2006 and 2015, the UAE awarded an estimated total of $507bn of projects, representing 35 per cent of the total contract awards in the GCC. By the mid-way point of 2016, Dubai had awarded more than $16bn-worth of contracts. Track major due for award in 2016-17 and position yourself effectively for future tenders.
Combining insightful, forward-looking analysis from MEEDs team of construction experts, backed up with all the latest projects market data, UAE Outlook 2016 provides an essential market assessment for anyone working or interested in working in the UAE.
Save time and investment on research and analysis. Gather exclusive data on the UAE market through this in-depth examination.
MEED Insight offers a series of premium market intelligence reports on a range of different sectors and industries. For a full series of our research reports, please click here