According to an Emirates Development Bank (EDB) July 2022 press release, the bank, in partnership with Future Factory, has launched a new initiative to provide free consultancy services to SMEs in the UAE operating in the manufacturing, advanced technology, infrastructure, healthcare, and food security sectors.
Emirates Development Bank (EDB) is supporting the UAE’s post-COVID-19 economic recovery and acceleration efforts with a new AED 100 million facility for SMEs.
The Abu Dhabi Exports Office (ADEX) has released further credit funding for the Economic Community of West African States (ECOWAS) Bank for Investment and Development (EBID).
ABiQ outlines the benefits of business intelligence for SMEs in the UAE. SMEs can easily obtain hard-to-find verified contact details, including phone numbers and email addresses. Businesses can identify industry trends early. This helps them stay ahead of their competitors.
The UAE construction industry accounts for 70% of all ongoing infrastructure projects listed in the ABiQ database, as of May 2022. The UAE construction industry is estimated to be worth $90 billion USD.
The top 5 projects in the UAE are intriguing and inspiring projects. The UAE has a number of active mega projects covering several sectors. Over the last two decades, the UAE has led the way on mega construction projects globally. While most of those megaprojects are now complete, there are still several world-class projects in development.
The Etihad Rail project was launched in June 2009. The Etihad Rail project is currently around 70% complete. The Etihad Rail System is set to link the principal centres of population and industry of the United Arab Emirates (UAE).
In terms of market growth, the UAE is the world’s largest construction market making it one of the fastest-growing regions in the world. The UAE construction market is expected to reach a value of USD 40 billion by 2030.
ABiQ tracks oil and gas projects across the UAE. As per the project tracking platform ABiQ, there are over $70 billion of active Oil and Gas projects in the UAE. ABiQ estimates that the UAE will spend $8.5 billion in 2022 on various Oil and Gas projects that are currently under construction.
The development and construction of the phase of Etihad railways falls under the initiative of the UAE Railways Program. Get in touch to track transport projects.
The Middle East oil and gas projects have seen a tremendous spike in growth due to large-scale investments. Within 2021-2025, the Middle East will witness a total of 615 oil and gas projects.
The UAE have more than $300 billion of active mega projects covering several sectors. The top 5 projects span transport, retail, leisure, power and petrochemical projects.
The United Arab Emirates is investing more than $4 billion in active water projects. There are currently just over $3 billion under construction with the balance still in the ore-execution phase.
Rapid growing populations in a desert region mean water is an extremely scarce commodity. Saudi Arabia and the United Arab Emirates are investing in water processing capacity with more than $24 billion of active water projects.
The United Arab Emirates has more than $46 billion of active power Projects. ABiQ estimates the UAE will spend more than $3.8 billion during 2021, making it the largest spender on power projects in the Middle East and Africa.
The Kingdom of Saudi Arabia and the United Arab Emirates have combined more than $206 billion of active power Projects. ABiQ estimates these markets will spend more than $4.8 billion during 2021 on power projects.
The United Arab Emirates have more than $50 billion of active Oil and Gas projects at the moment. Negative oil prices during the COVID-19 pandemic forced a strategic re-evaluation of national development priorities.
ABiQ has expanded its research scope and will be tracking business opportunities in both UAE and Saudi Arabia.
At the end of 2019, Saudi Arabia and the United Arab Emirates had close to 400 million barrels of proven oil reserves, or 23 per cent of the global total. There are more than $400 billion of active construction projects in Saudi Arabia and the United Arab Emirates.
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