The United Arab Emirates Construction Industry: 2022 Overview

Jun 3, 2022 | Announcements, Home Page, Middle East, Snippets, United Arab Emirates

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 construction sector plays a key role in the United Arab Emirates (UAE). The UAE construction industry directly supports much of the UAE economic growth. 

The UAE construction industry

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 UAE construction industry breakdown

The UAE construction industry is diverse, and flourishing. Particularly, oil and gas projects account for 14% of the total UAE construction sector. Notably too, transportation projects make up 9% of the total construction sector across the UAE. Energy and power projects account for 6% of the total construction sector across the UAE. 

The UAE construction industry financiers

The UAE construction sector has an estimated value of $90 billion USD. The primary UAE construction industry financiers include:

  • Ajman Bank P.J.S.C is the leading financier within the UAE construction industry. Ajman Bank P.J.S.C holds a 58 percent share of the UAE ongoing projects, as listed on the ABiQ business intelligence platform, or nearly 3/5. 
  • Abu Dhabi Islamic Bank P.J.S.C holds a 12 percent share of the UAE ongoing projects, as listed on the ABiQ business intelligence platform.
  • Commercial Bank of Dubai P.J.S.C holds a 10 percent share of the UAE ongoing projects, as listed on the ABiQ business intelligence platform.
  • Emirates NBD Bank P.J.S.C holds a 10 percent share of the UAE ongoing projects, as listed on the ABiQ business intelligence platform. 
  • United Arab Bank P.J.S.C (10%) holds a 10 percent share of the UAE ongoing projects, as listed on the ABiQ business intelligence platform.

UAE construction projects

Some of these ongoing construction projects across the UAE include: 

  • Deira Islands Mall: Deira Islands Mall is valued at $1.1 billion USD. The Deira Islands Mall project is 94 percent completed. The Deira Islands Mall project involves the construction of a three-storey mall of 957,437 square metres.
  • Jubail Island: The Jubail Island project is $1.3 billion USD. The Jubail Island project is estimated to be 26 percent complete. The Jubail Island project involves the construction of houses located between Saadiyat and Yas islands to accommodate up to 6,000 residents.
  • Aljaba: Aljaba is valued at $6.5 billion USD. Aljaba is a mixed use development and is 39% complete. Aljaba includes homes for 70,000 residents, 500,000 square metres of office space, 4 hotels, and commercial space.

The above information is extracted from the ABiQ business intelligence platform. The ABiQ business intelligence platform is available to registered member companies. You can access a light version of this platform free of charge or book a demo here

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