Business Monitor International


United Arab Emirates Infrastructure Report

Published 19 January 2015

  • 109 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 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...

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
19
Table: Major Projects Table - Transport Infrastructure
24
Energy And Utilities Infrastructure - Outlook And Overview
31
Major Projects Table - Energy & Utilities
37
Table: Major Projects Table - Energy and Utilities Infrastructure
37
Residential/Non-Residential Building - Outlook And Overview
42
Major Projects Table - Residential/Non-Residential Construction And Social Infrastructure
50
Table: Major Projects Table - Residential/Non-Residential Construction
50
Industry Risk Reward Ratings
69
UAE - Infrastructure Risk/Reward Ratings
69
Rewards
69
Risks
70
Industry Risk Reward Ratings
70
Table: MENA Infrastructure Risk / Reward Ratings
75
Market Overview
77
Competitive Landscape
77
Table: UAE Construction Players - Key Financial Data (USDmn)
81
Company Profile
82
Arabtec Construction
82
Dutco Balfour Beatty Group
85
Habtoor Leighton Group
87
Drake & Scull International
89
Global Industry Overview
91
Global Infrastructure Overview
91
Methodology
97
Industry Forecast Methodology
97
Sector-Specific Methodology
98
Risk/Reward Rating Methodology
102
Sector-Specific Methodology
103
Table: Infrastructure Risk/Reward Rating Indicators
103
Table: Weighting Of Indicators
104

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 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*

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 company 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.

Sources

The Infrastructure reports draw on an extensive network of primary sources, such as multilateral organisations, government departments, industry associations, chambers and company reports.

*Company profiles are not available for every country. Those reports instead contain information on the current activities of prominent companies operating in the market.

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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