Building Products Industry in UAE

A Hot Tip about Building Products and Construction in the United Arab Emirates

Posted on: 23 Dec 2009

Overview

The construction industry is one of the most active sectors of the UAE economy. The construction and tourism industries are the two major sectors of the local economy that will continue to generate high demand for building products. The level of construction activity in the country largely influences the UAE import market of building products. Local market demand for building products is growing rapidly as public and private sectors are offering tenders for the construction of diversified commercial, residential, and institutional buildings. Projects include construction of new high-rise commercial/residential buildings, houses, hotels, beach resorts, hospitals, schools, roads, public parks, shopping malls, and a major airports expansion. The UAE building products industry continues to offer good export opportunities to U.S. suppliers. Local importers and distributors of building products indicated that U.S. manufacturers/suppliers have an excellent reputation for supplying quality-engineered products and foresee an increase in the U.S. market share. The primary reason for this expected growth is due to the satisfaction among end-users with the quality of U.S. building products.

 

Opportunities

The several projects announced by each of the emirates in the UAE, is expected to cause a ripple effect for the demand for building products. Proposed projects for the next five years, will cover residential, commercial and government projects and include expansion of Dubai and Abu Dhabi International Airports (US$6 billion), three Palm Islands (US$3 billion), Dubai Festival City (US$1.8 billion), Dubai Port Expansion programs (US$1.3 billion), Jumeirah Beach Residence (US$1.4 billion), Dubai Healthcare City (US$1.8 billion) Emaar Development Properties (US$7 billion), Dubai Metro Project (US$ 3.39 billion) and Bawadi (US$54.4 billion).

 

 

Read the full market research report


Posted: 23 December 2009

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