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Construction Projects in the UAE - Information on the Latest and Greatest Middle Eastern Construction Projects

Construction projects in the UAE

Information on the Latest and Greatest Middle Eastern Construction Projects

The UAE has experienced both growth and declines over the past five years. Despite the recent global setbacks, Dubai still has over US$400Bn worth of active and ongoing projects. With the continuity of construction projects in Dubai, despite global circumstances, the UAE has proven its dedication to improving its economy and eventually bouncing back into full operation.

Where growth on Global Domestic Products (GDPs) declined in 2018, it showed an increase of 0.49% in 2019. In 2020, however, the UAE faced a severe decline to -6.6%. This, however, has proven temporary as the UAE is expected to make a notable comeback in the coming years, with projections indicating a 3.1% GDP growth rate in 2021, and a 3.6% growth rate for non-oil growth GDPs by the end of 2021.

A federal budget cut of 5.3% from Dirhams 61.35Bn to Dirhams 58.113Bn (US$15.8Bn) has not impacted UAE determination or ambition for growth. As of 2021, the UAE government will continue its efforts to implement major projects while also focusing on social development.

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New Construction Projects in the UAE

new projects announced in the UAE FOR 2021, some of which include

Masaar in Sharjah

Masaar
in
Sharjah

Yas Living in North Yas (NOYA), Abu Dhabi

Yas Living in North
Yas (NOYA),
Abu Dhabi

Water Treatment & Transmission Facility in Mirfa

Water Treatment
& Transmission Facility
in Mirfa

Waste to Energy Plant in Al Dhafra

Waste to
Energy Plant in
Al Dhafra

Binghatti Mirage in JVC

Binghatti
Mirage in
JVC

new projects announced in the Abu Dhabi FOR 2021, some of which include

Yas Living in North Yas, Abu Dhabi

Yas Living
in North Yas,
Abu Dhabi

Mirfa-2 (M2) Independent Reverse Osmosis Water Project

Mirfa-2 (M2) Independent
Reverse Osmosis
Water Project

Waste to Energy Plant in Al Dhafra

Waste to
Energy Plant in
Al Dhafra

Diva Towers at Yas Bay, Abu Dhabi

Diva Towers
at Yas Bay,
Abu Dhabi

Khalifa Port Silos Grain Storage and Processing Plant

Khalifa Port
Silos Grain Storage and
Processing Plant

From all the anticipated developments mentioned above, it’s evident that construction projects in UAE predict prosperity across multiple industries, also positively influencing the UAEs global standing in 2021 and for the years to come.

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Industries Affiliated with Middle Eastern Construction Projects

There are multiple industries launching new projects in Abu Dhabi and other UAE regions. Some notable sectors include:

SECTOR

Economic Updates: UAE & Dubai Projects

  • The economy has passed the recovery phase and is in 'high readiness' for the future, according to the Minister of Economy Abdulla bin Touq.

  • According to the World Bank, accommodative monetary policy, fiscal stimulus and a rebound in domestic demand will lead to a return of moderate inflation.

  • The merged unit, called Dubai's Department of Economy and Tourism, will aim to increase "the added value of the industrial sector, expand foreign trade and attract 25 million tourists by 2025.

  • The Expo has proven to be a catalyst for growth of the emirate's economy, which is set to expand at a faster pace in 2022, as Dubai continues to take steps to develop its digital economy and boost the start-up ecosystem.

  • The UAE cabinet approved the country's federal budget for five years from 2022- 2026, with total expenditures of US$ 79 billion during a Cabinet meeting at UAE pavilion at Expo.

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Economic Updates: UAE & Dubai Projects

Projects in United Arab Emirates(UAE)

Ventures ONSITE’s database of ongoing projects in the UAE offers relevant insights about construction projects. Our digital library includes significant facts and information that will help individuals and businesses determine the status of a specific project, the people behind these developments, the date of completion, etc.

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Frequently Asked Questions (FAQ)

Q.

How many construction projects are there is UAE?

A.

There are over 6000 active construction projects in UAE, this number is dynamic as our team of researchers update and add new projects every day.

Q.

What construction projects are there in the UAE?

A.

UAE has a very active construction market with UAE construction projects ranging from small to medium to mega projects in size and value. Some of the major projects include Mohammed Bin Rashid (MBR) City, Dubai Creek Harbour, Redevelopment of Mina Zayed Port, Hail & Ghasha Sour Gas Development, Etihad Rail, Dubai Wholesale City, Deira Islands, Borouge 4 Complex Expansion, Mohammed Bin Rashid Al Maktoum Solar Park to name a few.

Q.

How to get a list of UAE construction projects in uae?

A.

You can subscribe to www.venturesonsite.com which will give you list and all other details of ongoing, planned as well as completed construction projects in UAE.

Q.

Who are some of the key clients in the Construction Sector in UAE ?

A.

Some of the key clients or projects owners in UAE include Abu Dhabi National Oil Company (ADNOC), Aldar Properties, Emaar Properties, RTA, DEWA, Nakheel Corporation, Dubai Holding, Musanada, Azizi Investments etc.

Q.

What are the top construction companies in the UAE ?

A.

UAE has a long list of active and major contractors and UAE construction companies, some names include China State Construction Engineering Corporation, BIC Contracting, ASGC, Samsung C&T, National Petroleum Construction Company (NPCC), ALEC, BESIX, Trojan General Contracting etc. to name a few.