UAE Construction Market Size, Share & Forecast 2025

1. 2015-2015 UAE CONSTRUCTION MARKET MARKET FORECAST & OPPORTUNITIES www.techsciresearch.com MARKET INTELLIGENCE . CONSULTING

2. Scope of Report Product of Interest (POI): Construction UAE Construction market is expected to grow at a brisk rate during the forecast period on account of significant investments in infrastructure and housing development project. Moreover, Expo 2020 and government’s push for smart cities is positively influencing the construction market in UAE. In terms of industry type, market can be segregated into industrial, commercial, infrastructural and residential. Market Segmentation INDUSTRY TYPE UAE CONSTRUCTION MARKET UAE CONSTRUCTION MARKET Year Range Industrial Commercial Infrastructural Residential • • Review Period • • 2015 – 2018 Base Year REGIONS 2019 Dubai • Estimated Year Abu Dhabi • 2020 Sharjah • Rest of UAE • Forecast Period 2021 – 2025 2

3. Ta b l e o f C o n te n t s Table of Contents S. No. Contents Page No. 1. Product Overview 2. Research Methodology 3. Analyst View 4. UAE Constructions Market Outlook 4.1. Market Size & Forecast 4.1.1. By Value 4.2. Market Share & Forecast 4.2.1. By Industry Type (Industrial, Commercial, Infrastructure and Residential) 4.2.2. By Company 4.2.3. By Region 4.3. Market Attractiveness Index 5. UAE Industrial Construction Market Outlook 5.1. Market Size & Forecast 5.1.1. By Value 5.2. Market Share & Forecast 5.2.1. By Region 6. UAE Infrastructure Construction Market Outlook 6.1. Market Size & Forecast 6.1.1. By Value 6.2. Market Share & Forecast 6.2.1. By Region 7. UAE Industrial Construction Market Outlook 7.1. Market Size & Forecast 3

4. Ta b l e o f C o n te n t s Table of Contents S. No. Contents Page No. 7.1.1. By Value 7.2. Market Share & Forecast 7.2.1. By Region 8. UAE Residential Construction Market Outlook 8.1. Market Size & Forecast 8.1.1. By Value 8.2. Market Share & Forecast 8.2.1. By Region 9. Pricing Analysis 10. Market Dynamics 10.1. Drivers 10.2. Challenges 11. Market Trends & Developments 12. Policy & Regulatory Landscape 13. UAE Economic Profile 14. Competitive Landscape(Leading Companies) 15. Strategic Recommendations 16. About us & Disclaimers 4

5. RESEARCH METHODOLOGY

6. Research Methodology Market Profiling Data Analysis Data Data Developing List of Respondents Formulating Questionnaire Collection Validation In-depth secondary research was conducted to determine top players in UAE Construction market, overall market size and segmental market size. The data was scrutinized using MS-Excel, statistical tools and internal proprietary database to obtain qualitative and quantitative insights about UAE Construction market. Data obtained as a result of primary and secondary research was validated through rigorous triangulation. TechSci conducted interviews with industry experts and industry players for data collection and verification. In order to conduct industry experts’ interviews, TechSci formulated a detailed discussion guide. List of industry players and industry specialists was developed. Primary Research Desk Research Company Analysis Actionable Insights ✓ ✓ Recent Developments Market Changing Aspects/Dynamics Government Policies Final Conclusion ✓ ✓ Data Filter & Analysis Business Solution Market Participants Key Strengths Research & Intelligence Data Collection ✓ Identifying Key Opinion Leaders Questionnaire Design In-depth Interviews ✓ ✓ ✓ ✓ Primary Research Secondary Research Paid Sources LinkedIn TechSci Internal Database Company Websites Company Annual Reports White Paper Study Financial Reports Investor Presentations Regulatory Body Associations, etc. Factiva Hoovers ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ 6

7. Research Methodology Baseline Methodology Our dedicated team of industry experts has monitored and analyzed various aspects of UAE Construction market. The team has analyzed the outlook of various segments of this market, while considering the major influencing factors such as significant investments in infrastructure and housing development project and speculated a positive outlook during the next five years. The study includes market forecasting, which would enable our clients to take better decisions while planning their strategy to achieve sustainability in UAE Construction market. Methodology Followed for Calculation of Market Size: Market Size by Value: Market size, in terms of value, for the year 2019 was calculated based on information collected through exhaustive • secondary research and primary surveys, with various key opinion leaders/stakeholders, such as construction companies, distributors, suppliers, industry experts, and other industry participants. The team interviewed more than 20 construction suppliers, 20 construction distributors/dealers, 20 industry experts and other value chain • stakeholders in UAE construction market to obtain the overall market size for 2015-2019, which was validated by the Delphi technique. Taking standard deviation into consideration, the market size was averaged out, to arrive at the market size data for 2015-2019. 7

8. Research Methodology Respondents were asked about the current and future market growth rates, market shares by industry type and by each region. Removing the • outlier responses, the geometric mean of growth estimates and supplier wise revenue shares generated across various segments were considered, to arrive at the final revenue shares. Revenue shares generated across various segments were further triangulated from other stakeholders depending upon the type of Construction. Methodology Followed for Calculation of Market Shares: Market shares by industry type, by region and by company were calculated based on the responses received through primary surveys with industry experts, in which the respondents were asked about the market shares, trends and recent development in the UAE Construction market. The final shares were calculated by taking the geometric mean of the responses gathered from key opinion leaders after eliminating the outliers. Methodology Followed for Forecasting: TechSci Research performed periodical checks on data collected through the surveys with logic checks and analyzed the survey results in • SPSS/Tableau Software. Data triangulation techniques were applied to fill the gaps and to present a more meaningful picture of the market. To forecast UAE Construction • market, TechSci Research used various forecast techniques such as: Moving Average ✓ Time Series Analysis ✓ Regression Analysis ✓ Econometric and Judgmental Analysis ✓ 8

9. Research Methodology TechSci Research used its own forecast tool, which is based on the growth of various allied industries in respective regions. TechSci Research also used the impact analysis during short, medium and long- term period to estimate the demand and to reach accurate market numbers. It should be noted that the figures compiled are only for the organized market including market share data. Partial List of Companies Interviewed Key Secondary Sources AE Arma-Electropanc World Bank ▪ ▪ Consolidated Contractors Group TechSci Research Proprietary Database & Knowledge ▪ ▪ Bechtel Repository ▪ Fluor Corp Company Annual Reports ▪ ▪ Arabtec Construction LLC Industry Reports ▪ ▪ Al Futtaim Carillion General Authority of Statistics ▪ ▪ ACC Arabian Construction Company News Dailies ▪ ▪ Joannou & Paraskevaides Overseas Limited Credible Paid Databases ▪ ▪ Freyssinet Gulf LLC BP Statistics ▪ ▪ 9

10. Industry Brief According to TechSci Research report, “UAE Construction Market, By Industry Type, By Region, Competition, Forecast & Opportunities, 2025”, construction market in UAE is expected to grow at brisk rate during the forecast period on account of growing use of innovative technologies to make the construction safer & efficient and increasing investment for the development of infrastructure. Ongoing infrastructural projects in the country due to Expo 2020 is driving the construction market as the event is predicted to substantially boost the tourism of the country. Also, government of the country is showing active interest in diversifying the economy and reduce dependency on oil which will attract investors, propelling the growth of the construction market in the country. UAE construction market can be segmented based on industry type and region. Based on the industry type, market can be segregated into industrial, commercial, infrastructural and residential. Infrastructural industry type is forecast to account for significant share on the back of government’s focus on smart cities. Furthermore, massive public investment in infrastructure is projected to spur growth of the segment through 2025. Other initiatives by the government like Ministry of Education Strategic Plan 2017-21, Education 2020 Strategy, Dubai Tourism Strategy and Sheikh Zayed Housing Programme are catalyzing the growth in other industries. AE Arma-Electropanc, Consolidated Contractors Group, Bechtel, Fluor Corp, Arabtec Construction LLC, Al Futtaim Carillion, ACC Arabian Construction Company, Joannou & Paraskevaides Overseas Limited, Freyssinet Gulf LLC, among others are the leading players operating in the UAE construction market. “Dubai is expected to account for the largest share in terms of region in the UAE construction market on account of projects such as Dubai South, Dubailand, among others and development of smart cities. Additionally, the government of the country plans to transform Dubai into world’s smart city in the next five years. Rewarded private and public contracts for the development of new hotels & commercial building and initiatives for Dubai’s new transportation are positively impacting the construction market.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm. 10

11. Sample Data - Snapshot UAE Construction Market Size, By Value, 2015–2025F (USD Million) 15.00 14.00 13.00 12.00 11.00 10.00 9.00 8.00 7.00 6.00 5.00 CAGR BY VALUE XX% CAGR BY VALUE YY% 2015 2019 2020E 2025F UAE Construction Market Share, By Company, By Volume, 2019 58% 15% 100% 10% 8% 5% 4% Total Company 1 Company 2 Company 3 Company 4 Company 5 Others UAE Construction Market Share, By Industry Type, By Value, 2015–2025F 2025F 25% 25% 25.00% 25.00% 25% 25% 25.00% 25.00% 2023F 25% 25% 25.00% 25.00% 25% 25% 25.00% 25.00% 2021F 25% 25% 25.00% 25.00% 25% 25% 25.00% 25.00% 2019 25% 25% 25.00% 25.00% 25% 25% 25.00% 25.00% 2017 25% 25% 25.00% 25.00% 25% 25% 25.00% 25.00% 2015 25% 25% Commercial 25.00% 25.00% Industrial Infrastructure Residential 11

12. Report Ordering Report Name: UAE CONSTRUCTION MARKET MARKET FORECAST & OPPORTUNITIES 2015-2015 Report Price License Type Price Electronic Access - Single User License $4450 Electronic Access - Multi-User License $5450 Custom Research License $8450 To View Sample OR Purchase Report 12

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