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.
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