With the economic recovery and continued growth in the investments, the UAE construction industry is expected to post a robust growth in coming years, according to a new study by RNCOS, an industry research firm based in India.

The report, titled “UAE Construction Industry Outlook to 2012', said the construction industry in the UAE will continue to witness massive investments from both public and private enterprises to exploit its untapped potential.

The report also shows that the country has emerged as the largest construction market in the GCC region.

Outpacing Saudi Arabia, the UAE has risen to the top spot in terms of infrastructure investment, said the report. At the end of 2008, the UAE accounted for around 20.3 per cent of total construction industry in the region followed by Saudi Arabia, Algeria and Egypt, it added.

According to the report, the construction industry managed to record astonishing double-digit growth despite the adverse economic conditions.

The report has also found that the construction industry contribution to the country’s GDP has substantially risen over the past couple of years.

With the government’s commitment to boost infrastructure and diversify its economy from oil-driven to other industrial sectors, the construction sector is expected to attract huge sum of investments. As per our estimation, the UAE construction industry is expected to grow at a CAGR of over 18 per cent during 2009-2013.

The report provides exhaustive information and detailed analysis of the fast growing construction industry in the UAE.

Our report categories the entire construction sector into four important segments - Tourism, Hospitality, Retail and Healthcare.

The report has analyzed all the segments in detail and identified the important players operating in the sector. The key players section talks about business profiling and strategies for business expansion of all leading players.

“UAE Construction Industry Outlook to 2012” analyses the emerging trends including important drivers and key challenges to help investors understand the market conditions.

The report has also identified the possible growth areas for expansion along with an overview of competitive landscape in the UAE infrastructure industry.

It contains details about the under construction projects in tourism, hospitality, and healthcare coupled with information of retail project investment.

The report presents forecast analysis for the industry based on past drivers, challenges, and opportunities for expansion. In this way, the report gives the unbiased market picture that will prove decisive for the clients.-TradeArabia News Service