Wednesday 23 July 2014
UAE construction

UAE construction sector growth seen at 9.5pc

Construction growth in the UAE has been calculated as having a CAGR of 9.5 per cent from 2012-2016, with 2013 estimates indicating that the industry is worth approximately $41 billion, said an industry expert. “As the constr


UAE construction 'may see 20pc growth'

The UAE construction industry is expected to witness a compound annual growth rate (CAGR) of around 20 per cent from 2010 to 2013, a report said. Rapid economic development will continue to drive construction activities and infrastructure


Arkan launches $27.2m dry mortar project

UAE-based Arkan Building Material Company said it has started construction of the Dh100 million ($27.2 million) dry mortar plant at Al Mafraq in Abu Dhabi for the production of pre-mixed mortars. A leading provider of integrated building p


Turnaround in UAE’s construction sector seen

The UAE construction sector is witnessing a gradual turnaround, a fact that is evidenced by the steady improvement in the time taken by developers to settle outstanding contractor dues, said an expert. The improving contractor-payment scen


Major boost seen for UAE’s landscaping sector

The UAE construction sector, estimated to be worth around Dh2.63 trillion ($714.8 billion) with large infrastructure projects in the pipeline, is set to increase demand for garden and landscaping products, said an expert. “We estimate that


UAE construction deals' value plunges 85pc in Q4

The value of construction contracts awarded in the United Arab Emirates fell by 85 per cent in the fourth quarter compared to the same period last year, said a report. Contract awards worth $14.4 billion were made during the fourth quarter


UAE construction growth seen slowing to 13pc

Construction growth rates in the UAE are likely to fall to 15 per cent in 2009 from 20 per cent in 2008 due to global financial woes, an investment bank said in a report. Construction growth rates in the UAE federation, which includes Abu

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