Now Available: United Arab Emirates Infrastructure Report Q1 2015
Fast Market Research recommends "United Arab Emirates Infrastructure Report Q1 2015" from Business Monitor International, now available
[USPRwire, Mon Jan 26 2015] 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...
The United Arab Emirates Infrastructure Report features Business Monitor International (BMI)'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.
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