Business Monitor International


United Arab Emirates Infrastructure Report

Published 24 July 2014

  • 80 pages
  • Instant access to your report online and PDF format through your account library
  • Includes 3 free updated quarterly reports
 
$1,295.00
United Arab Emirates Infrastructure Report

BMI View:   We are retaining our bullish forecasts for the UAE's construction sector for   2014 and indeed over the next five year period.   2013 saw the reactivation of numerous delayed projects and the awa rd of many new ventures , as well as Dubai being awarded the 2020 Expo.   Dubai's real estate market is raising alarm at the pace of recovery, although at present we view the risk of overheating as minimal.

Factors Driving Construction Industry Growth

  • Numerous measures are being 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.

  • Abu Dhabi's market seems to have bottomed out and indeed is showing signs that it is following Dubai's impressive recovery. Both infrastructure and residential and non-residential construction activity is expected to increase over the coming years.

  • We also note the risk of the 'funding cliff' within Dubai's financial sector is being addressed and we do not expect there to be a dramatic tightening of liquidity over the coming year.

  • 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 awaiting 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...

Table of Contents

BMI Industry View
7
SWOT
8
Infrastructure SWOT
8
Industry Forecast
10
Construction And Infrastructure Forecast Scenario
10
Table: Construction And Infrastructure Industry Data (United Arab Emirates 2012-2017)
10
Table: Construction And Infrastructure Industry Data (United Arab Emirates 2018-2023)
11
Transport Infrastructure - Outlook And Overview
17
Major Projects Table - Transport
22
Table: Major Projects Table - Transport Infrastructure
22
Energy And Utilities Infrastructure - Outlook And Overview
28
Major Projects Table - Energy & Utilities
34
Table: Major Projects Table - Energy and Utilities Infrastructure
34
Residential/Non-Residential Building - Outlook And Overview
39
Major Projects Table - Residential/Non-Residential Construction And Social Infrastructure
45
Table: Major Projects Table - Residential/Non-Residential Construction
45
Industry Risk Reward Ratings
62
UAE - Infrastructure Risk/Reward Ratings
62
Rewards
62
Risks
63
Middle East And North Africa - Infrastructure Risk/Reward Ratings
63
Table: MENA Infrastructure Risk / Reward Ratings
69
Market Overview
70
Competitive Landscape
70
Table: UAE Construction Players - Key Financial Data
71
Company Profile
72
Arabtec Construction
72
Dutco Balfour Beatty Group
75
Habtoor Leighton Group
77
Drake & Scull International
79
Global Infrastructure Overview
81
Middle East/North Africa Presents Strongest Investment Profile
81
Methodology
87
Industry Forecast Methodology
87
Sector-Specific Methodology
88
Risk/Reward Rating Methodology
92
Sector-Specific Methodology
93
Table: Infrastructure Risk/Reward Rating Indicators
93
Table: Weighting Of Indicators
94

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.

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 multinational and national company developments.

These are broken down into Construction (social, commercial and residential), Transport (roads, railways, ports, airports etc), and Energy & Utilities (powerplants, renewable projects, pipelines and so on).

Industry Trends

Analysis of latest projects across the infrastructure sector (covering the transport, utilities and commercial construction sub-sectors) - including:

Market Overview:Analysis of the key elements driving developments, including evaluations of current capacity and future requirements.

Building Materials Overview

The building materials overview provides industry trend analysis on the global and regional demands for building materials and the impact of this on the emerging and developed markets.

Business Environment Rankings

BMI's Infrastructure Business Environment Rankings provide a country-comparative Risk-Reward Rankings index aimed at investors (construction companies, suppliers and partners) in the regional infrastructure market.

The rankings methodology makes sophisticated use of over 40 industry, economic and demographic data point.

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 & Economic Forecasts

Historic data series (2008-2012) and forecasts to end-2018 for all key industry and economic indicators, supported by explicit assumptions, plus analysis of key risks to the main forecast. Indicators include:

Construction: Industry value (US$bn); contribution to GDP (%); employment (`000); real growth (%).

Infrastructure: Value (US$bn); contribution to construction industry (%); real growth (%) of transport infrastructure (broken down by railways, airports, roads and bridges, ports and harbours) and energy and utilities (broken down by power plants and transmission grids, oil and gas pipelines, and water infrastructure).

Economy: Economic growth (%); nominal GDP (US$bn); unemployment (%); interest rates (%); exchange rate (against US$).

Company Profiles

Examines the competitive positioning and short- to medium-term business strategies of key industry players. Strategy is examined within the context of BMI's industry forecasts, our macroeconomic views and our understanding of the wider competitive landscape to generate SWOT analyses. The latest financial and operating statistics and key company developments are also incorporated within the company profiles, enabling a full evaluation of recent company performance and future growth prospects.

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Testimonials

'An essential, multi-faceted research tool. BMI’s thorough understanding of the major market players enables an informed – and informative – review of the sector’s actual performance, together with useful insights into current industry issues, which are topped-off with detailed and invaluable forecasts of industry and macroeconomic trends.’

Senior Research Analyst, ABC International Bank plc