UAE Construction industry to see 17% rise in contractor awards in 2014

Posted on 15th June 2014

The UAE construction industry is expected to witness contractor awards totaling to over  US$47Park Lane Tower in Business Bay-12-Jun-2014-Progress Billion in 2014. In 2013, the value of total contracts awarded to contractors was valued at over US$40 Billion, thus forecasting a growth of 17% in 2014. This includes contracts awarded in project sectors – Buildings, Industrial, Infrastructure and Energy.

National Petroleum Construction Co. (NPCC), Hyundai Engineering & Construction Co., Arabtec, Al Jaber Transport and General Contracting, Ghantoot Transport & General Contracting and Al Futtaim Carillion tops the list of contractors in terms of value of contracts awarded in 2014 till date.

Some of the major contracts already awarded in the UAE during 2014 from January till mid June includes the following:

NoProject NameIndustry
1Mirfa IWPPEnergy
2Lower Zakum Oil Lines ReplacementEnergy
3Mixed Use Development in Shams, Reem IslandBuildings
4The Address Residence Fountain ViewsBuildings
5Mafraq-Al Ghweifat International Highway - Section FourInfrastructure
6Mafraq-Al Ghweifat International Highway - Section ThreeInfrastructure
7Iris Mist at Dubai Maritime CityBuildings
8Akoya by Damac - Phase 1 Villas (446)Buildings
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