(MENAFNEditorial)
We are maintaining our bullish forecasts for the UAE's construction sector for 201 5 with our view premised on a recovery in the vitally important residential and non-residential sectors as well as an increasingly buoyant infrastructure project pipeline . Some investors remain cautious especially given the pace of house price increases over 2014 in Dubai although at present we do not believe there to be a risk of overheating in the market.
Factors Driving Construction Industry Growth
* Numerous measures have been undertaken such as rent caps and requirements of around 50% payment before property transfers hands in order to prevent speculative buyers from overheating the residential market. Additionally tax increases for Indian buyers should cool demand in the market.
* We continue to see increasing opportunities in the hospitality and tourism sectors. Tourism and tourism-related projects has provided a welcome source of value for the construction industry over recent troubled years in the residential sector. We expect this to continue throughout 2014 and beyond as the UAE most notably Dubai and Abu Dhabi positions itself as a global business and tourism.
* Large-scale mass transit projects are under way across the UAE with the first sections of the Abu Dhabi metro and light-rail network waiting to be awarded and the extension of Dubai's metro expected to enter construction in 2014. The second phase of the USD11bn Etihad Railway Network - also part of the USD100bn GCC Railway Network - has entered the tendering phase.
* Although the nuclear power project in Abu Dhabi has been plagued by project delays and cost inflation the second reactor is now under construction and plans build a third and fourth reactor have been granted approval.
* There is USD180bn worth of projects under construction in the UAE according to our Key Projects Database which supports our forecasts for accelerating growth within the construction industry. While the...
Full Report Details at
- http://www.fastmr.com/prod/977470_united_arab_emirates_infrastructure_report_q2.aspx?afid=101
The United Arab Emirates Infrastructure Report features BMI Research's market assessment and forecasts covering public procurement and spending on all major infrastructure and construction projects including transportation and logistics by land sea and air; power plants and utilities and commercial construction and property development. The report analyses the impact of regulatory changes and the macroeconomic outlook and features competitive intelligence on contractors and suppliers.
BMI's United Arab Emirates Infrastructure Report provides industry professionals and strategists sector analysts investors trade associations and regulatory bodies with independent forecasts and competitive intelligence on the Emirati infrastructure and construction industry.
Key Benefits
* Benchmark BMI's independent infrastructure industry forecasts for United Arab Emirates to test other views - a key input for successful budgetary and planning in the Emirati infrastructure market.
* Target business opportunities and risks in the Emirati infrastructure sector through our reviews of latest industry trends regulatory changes and major deals projects and investments in United Arab Emirates.
* Assess the activities strategy and market position of your competitors partners and clients via our Company Profiles (inc. SWOTs KPIs and latest activity).
Coverage
BMI Industry View
Summary of BMI’s key industry forecasts views and trend analysis covering infrastructure and construction regulatory changes major investments and projects and significant national and multinational company developments. These are broken down into construction (social commercial and residential) transport (roads railways ports airports etc) and energy & utilities (powerplants pipelines and so on).
Industry SWOT Analysis
Analysis of the major strengths weaknesses opportunities and threats within the infrastructure and construction sectors and within the broader political economic and business environment.
BMI Industry Forecasts
Historic data series (up to 2012) and forecasts to end-2024 for all key industry indicators supported by explicit assumptions plus analysis of key developments in the market and risks to the main forecasts. Indicators include:
Construction: Industry value (USDbn); contribution to GDP (%); total capital investment (USDbn); real growth (%).
Construction industry real growth forecasts (%) and industry value (USDbn) forecasts for industry sectors are split into Residential and Non-residential and Infrastructure sectors. Where the data is available for particular countries the infrastructure is further broken down into indicators for the transport subsectors of roads railways airports and ports and the energy and utilities sub-sectors of power plants and transmission grids oil & gas pipelines and water infrastructure. This dataset is unique to the market.
The reports also include analysis of latest projects across the infrastructure sectors (transport utilities commercial construction).
BMI’s Infrastructure Risk Reward Index
BMI’s Risk Reward Index provides investors (construction companies suppliers and partners) looking for opportunities in the region with a clear country-comparative assessment of a market’s risks and potential rewards. Each of the country markets are scored using a sophisticated model that includes more than 40 industry economic and demographic data points. These provide indices of highest to lowest appeal to investors with each position explained.
Market Overview
An assessment of the competitive landscape and key challenges to entering the market. Details of the largest companies active in the sector across the sub-segments of the industry including the key financial figures from some of the largest players in the sector.
Company Profiles*
About Fast Market Research
Fast Market Research is a leading distributor of market research and business information. Representing the world's top research publishers and analysts we provide quick and easy access to the best competitive intelligence available. Our unbiased expert staff is always available to help you find the right research to fit your requirements and your budget.
For more information about these or related research reports please visit our website at http://www.fastmr.com or call us at 1.800.844.8156 (1.413.485.7001 Int'l)
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.