construction in the uae key trends and …construction in the uae – key trends and opportunities...

Construction in the UAE – Key Trends and

Opportunities to 2018

Report Code: CN0223MR

Published: November 2014

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Construction in the UAE – Key Trends and Opportunities to 2018 Page 1

© Timetric. This product is licensed and is not to be photocopied Published: November 2014

Summary

This report is the result of extensive market and company research covering the UAE construction

industry. It provides detailed analysis of both review and forecast construction industry values, at both

market and category levels, and also offers project profile analyses.

‘Construction in the UAE – Key Trends and Opportunities to 2018’ provides a top-level overview and

detailed market, category and company-specific insights into the operating environment for

construction contractors. It is an essential tool for companies active across the UAE construction value

chain, and for new competitors considering entering the industry.

Synopsis

This report provides detailed market analysis, information and insights into UAE construction industry

including:

UAE construction industry's growth prospects by market, project type and type of construction

activity

Analysis of equipment, material and service costs across each project type within the UAE

Critical insight into the impact of industry trends and issues, and the risks and opportunities they

present to participants in the UAE construction industry

Analyzing the profiles of the leading operators in the UAE construction industry.

Data highlights of the largest construction projects in the UAE

Reasons to Buy

Identify and evaluate market opportunities using our standardized valuation and forecasting

methodologies

Assess market growth potential at a micro-level with over 600 time-series data forecasts

Understand the latest industry and market trends

Formulate and validate business strategies using Timetric's critical and actionable insight

Assess business risks, including cost, regulatory and competitive pressures

Evaluate competitive risk and success factors

EXECUTIVE SUMMARY



1 EXECUTIVE SUMMARY

The value of the UAE construction industry increased at a compound annual growth rate (CAGR) of

XX.XX% during the review period (2009–2013), to value AEDXX.XX billion (US$XX.XX billion) in

2013. The outlook for the industry is favorable due to the government’s focus on infrastructure and

commercial construction relating to World Expo 2020. The country’s rising population, itself mainly a

product of increases in the expatriate population and employment opportunities, increases the

demand for residential property. With a number of upcoming large-scale construction projects in the

pipeline, the construction industry’s output is expected to record a CAGR of XX.XX% over the forecast

period (2014−2018), to reach a value of AEDXX.XX billion (US$XX.XX billion) by 2018.

Figure 1: Growth Matrix for Construction Output in the UAE (%), 2009–2018

Note: Bubble size represents market output value in US$ million

Source: Timetric analysis © Timetric

0%

2%

4%

6%

8%

10%

12%

14%

0% 1% 2% 3% 4% 5% 6%

CA

GR

2013–2018

CAGR 2009–2013

Residential Infrastructure Commercial Industrial Institutional

MARKET DATA ANALYSIS



2 MARKET DATA ANALYSIS

2.1 Construction Output and Value Add

2.1.1 Construction output by project type

Table 1: UAE Construction Output by Project Type (AED Million), 2009–2013

Project Type 2009 2010 2011 2012 2013 2013 (US$ Million)

Residential construction

Infrastructure construction

Commercial construction

Industrial construction

Institutional construction


Table 2: UAE Construction Output by Project Type (AED Million), 2013–2018

Project Type 2013 2014 2015 2016 2017 2018







Figure 2: UAE Construction Output by Project Type (AED Million), 2009–2018


0

100,000

200,000

300,000

400,000

500,000

600,000

2009 2010 2011 2012 2013 2014 2015 2016 2017 2018

Co

nstr

ucti

on O

utp

ut

(AE

D M

illio

n)





2.1.2 Construction output by cost type

Table 3: UAE Construction Output by Cost Type (AED Million), 2009–2013

Cost Type 2009 2010 2011 2012 2013 2013 (US$ Million)

Materials

Construction services

Equipment

Total


Table 4: UAE Construction Output by Cost Type (AED Million), 2013–2018

Cost Type 2013 2014 2015 2016 2017 2018

Materials

Construction services

Equipment

Total


Figure 3: UAE Construction Output by Cost Type (AED Million), 2009–2018


0

100,000

200,000

300,000

400,000

500,000

600,000

2009 2010 2011 2012 2013 2014 2015 2016 2017 2018

Co

nstr

ucti

on O

utp

ut

(AE

D M

illio

n)

Materials Construction Services Equipment




2.1.3 Construction output by activity type

Table 5: UAE Construction Output by Activity Type (AED Million), 2009–2013

Activity Type 2009 2010 2011 2012 2013 2013 (US$ Million)

New construction

Repair and maintenance

Refurbishment

Demolition


Table 6: UAE Construction Output by Activity Type (AED Million), 2013–2018

Activity Type 2013 2014 2015 2016 2017 2018

New construction

Repair and maintenance

Refurbishment

Demolition


Figure 4: UAE Construction Output by Activity Type (AED Million), 2009–2018


0

100,000

200,000

300,000

400,000

500,000

600,000

2009 2010 2011 2012 2013 2014 2015 2016 2017 2018

Co

nstr

ucti

on O

utp

ut

(AE

D M

illio

n)

New Construction Repair and Maintenance Refurbishment Demolition




2.1.4 Construction value add by project type

Table 7: UAE Construction Value Add by Project Type (AED Million), 2009–2013

Project Type 2009 2010 2011 2012 2013 2013 (US$ Million)







Table 8: UAE Construction Value Add by Project Type (AED Million), 2013–2018

Project Type 2013 2014 2015 2016 2017 2018







Figure 5: UAE Construction Value Add by Project Type (AED Million), 2009–2018


0

50,000

100,000

150,000

200,000

250,000

2009 2010 2011 2012 2013 2014 2015 2016 2017 2018

Co

nstr

ucti

on V

alu

e A

dd

(A

ED

Millio

n)


APPENDIX



Summary Methodology

All Timetric reports are rigorously sourced and created according to a comprehensive, four-stage

methodology:

1) Market Study

A) Standardization

Market definitions are specified using recognized industry classifications. The same definition is

used for every country.

Annual average currency exchange rates are collected for the latest complete year. These are then

applied across both historical and forecast data to remove exchange rate fluctuations.

B) Internal audit

Review of in-house databases to gather existing data:

o Historic market databases and reports

o Company database

o Construction magazine portfolio

o Construction projects database

C) Trend monitoring and primary research

Review of the latest construction company and project trends

Biannual surveys using expert panels compiled from across the construction value chain:

o Construction contractors

o Equipment and material manufacturers and suppliers

o Architects and designers

o Project owners and financiers

o Project advisors

2) Research

A) Sources

Collection of the latest market-specific data from a wide variety of respected industry sources:

o Government statistics

o Industry associations

o Company filings

o Broker reports

o International organizations

B) Expert opinion

Collation of opinion taken from Timetric journalist interviews of leading industry figures

Analysis of third-party opinion and forecasts:

o Broker reports

o Industry associations

o Construction media

o Official government sources

APPENDIX



C) Data consolidation and verification

Consolidation of data and opinion to create historical datasets

Creation of models to benchmark data across sectors and geographies

3) Analysis

A) Market forecasts

Feed of forecast data into market models:

o Macroeconomic indicators

o Industry-specific drivers

Analysis of the Timetric Construction Projects Database to identify trends by sector:

o Latest project announcements

o Financing shortfalls

o Project cancelations and postponements

B) Report writing

Analysis of market data

Discussion of company and industry trends and issues

Integration of survey results

Annual review of financial deal and construction project trends

4) Quality Control

A) Templates

Detailed process manuals

Standardized report templates and accompanying style guides

Complex forecasting tools used to ensure that forecast methodologies are applied consistently

Quality-control checklists

B) Quality control

Competitor review

Senior-level quality control

Randomized spot checks on data integrity

Benchmark checks across databases

Market data cross-checked for consistency, with accumulated data from:

o Timetric Construction Projects Database

o Company filings

APPENDIX



Methodology

Timetric’s dedicated research and analysis teams consist of experienced professionals, with an

industry background in marketing, market research, consulting and advanced statistical expertise.

Timetric adheres to the Codes of Practice of the Market Research Society (www.mrs.org.uk) and the

Society of Competitive Intelligence Professionals (www.scip.org).

All Timetric databases are continuously updated and revised.

Related Reports

Construction in Bahrain – Key Trends and Opportunities to 2018

Construction in Oman – Key Trends and Opportunities to 2018

Construction in Saudi Arabia – Key Trends and Opportunities to 2017

Construction in Kuwait – Key Trends and Opportunities to 2017

Construction in Qatar – Key Trends and Opportunities to 2017

http://www.scip.org/

TABLE OF CONTENTS



TABLE OF CONTENTS

1 Executive Summary ................................................................................................ 1

2 Market Overview ..................................................................................................... 9

2.1 Key Trends and Issues ........................................................................................................................... 9

2.2 Benchmarking by Market Size and Growth ........................................................................................... 10

3 Commercial Construction ...................................................................................... 11

3.1 Performance Outlook ............................................................................................................................ 11

3.2 Key Trends and Issues ......................................................................................................................... 11

3.3 Data and Project Highlights ................................................................................................................... 13

4 Industrial Construction ........................................................................................... 14




5 Infrastructure Construction .................................................................................... 17




6 Institutional Construction ....................................................................................... 20




7 Residential Construction ....................................................................................... 22




8 Company Profile: Arabtec Holding PJSC ............................................................... 24

8.1 Arabtec Holding PJSC – Company Overview ........................................................................................ 24

8.2 Arabtec Holding PJSC – Business Description...................................................................................... 25

8.3 Arabtec Holding PJSC – Main Services ................................................................................................ 26

8.4 Arabtec Holding PJSC – History ........................................................................................................... 26

8.5 Arabtec Holding PJSC – Company Information ..................................................................................... 28

8.5.1 Arabtec Holding PJSC – key competitors ........................................................................................................ 28

8.5.2 Arabtec Holding PJSC – key employees ......................................................................................................... 28

9 Company Profile: Union Properties PJSC ............................................................. 29

9.1 Union Properties PJSC – Company Overview....................................................................................... 29

9.2 Union Properties PJSC – Business Description .................................................................................... 30

9.3 Union Properties PJSC – Main Services ............................................................................................... 31

9.4 Union Properties PJSC – History .......................................................................................................... 31

TABLE OF CONTENTS



9.5 Union Properties PJSC – Company Information .................................................................................... 32

9.5.1 Union Properties PJSC – key competitors ....................................................................................................... 32

9.5.2 Union Properties PJSC – key employees ........................................................................................................ 32

10 Company Profile: Lindenberg-Emirates LLC ......................................................... 33

10.1 Lindenberg-Emirates LLC – Company Overview ................................................................................... 33

10.2 Lindenberg-Emirates LLC – Main Services ........................................................................................... 33

10.3 Lindenberg-Emirates LLC – Company Information ................................................................................ 34

10.3.1 Lindenberg-Emirates LLC – key competitors ................................................................................................... 34

10.3.2 Lindenberg-Emirates LLC – key employee ...................................................................................................... 34

11 Company Profile: National Petroleum Construction Company ............................... 35

11.1 National Petroleum Construction Company – Company Overview ........................................................ 35

11.2 National Petroleum Construction Company – Main Products and Services ........................................... 36

11.3 National Petroleum Construction Company – History ............................................................................ 36

11.4 National Petroleum Construction Company – Company Information ..................................................... 37

11.4.1 National Petroleum Construction Company – key competitors ........................................................................ 37

11.4.2 National Petroleum Construction Company – key employees ......................................................................... 37

12 Company Profile: Emirates Roads Contracting Co. LLC. ....................................... 38

12.1 Emirates Roads Contracting Co. LLC. – Company Overview ................................................................ 38

12.2 Emirates Roads Contracting Co. LLC. – Main Services ........................................................................ 38

12.3 Emirates Roads Contracting Co. LLC. – Company Information ............................................................. 39

12.3.1 Emirates Roads Contracting Co. LLC. – key competitors ................................................................................ 39

12.3.2 Emirates Roads Contracting Co. LLC. – key employee ................................................................................... 39

13 Market Data Analysis ............................................................................................. 40

13.1 Construction Output and Value Add ...................................................................................................... 40

13.1.1 Construction output by project type .................................................................................................................. 40

13.1.2 Construction output by cost type ...................................................................................................................... 41

13.1.3 Construction output by activity type.................................................................................................................. 42

13.1.4 Construction value add by project type ............................................................................................................ 43

13.2 Commercial Construction ...................................................................................................................... 44

13.2.1 Commercial construction output by project type .............................................................................................. 44

13.2.2 Commercial construction output by cost type .................................................................................................. 45

13.2.3 Commercial construction output by activity type .............................................................................................. 46

13.2.4 Commercial construction value add by project type ......................................................................................... 47

13.3 Industrial Construction .......................................................................................................................... 48

13.3.1 Industrial construction output by project type ................................................................................................... 48

13.3.2 Industrial construction output by cost type ....................................................................................................... 49

13.3.3 Industrial construction output by activity type ................................................................................................... 50

13.3.4 Industrial construction value add by project type ............................................................................................. 51

13.4 Infrastructure Construction .................................................................................................................... 52

13.4.1 Infrastructure construction output by project type ............................................................................................ 52

13.4.2 Infrastructure construction output by cost type ................................................................................................ 53

13.4.3 Infrastructure construction output by activity type ............................................................................................ 54

TABLE OF CONTENTS



13.4.4 Infrastructure construction value add by project type....................................................................................... 55

13.5 Institutional Construction ....................................................................................................................... 56

13.5.1 Institutional construction output by project type ............................................................................................... 56

13.5.2 Institutional construction output by cost type ................................................................................................... 57

13.5.3 Institutional construction output by activity type ............................................................................................... 58

13.5.4 Institutional construction value add by project type .......................................................................................... 59

13.6 Residential Construction ....................................................................................................................... 60

13.6.1 Residential construction output by project type ................................................................................................ 60

13.6.2 Residential construction output by cost type .................................................................................................... 61

13.6.3 Residential construction output by activity type ............................................................................................... 62

13.6.4 Residential construction value add by project type .......................................................................................... 63

14 Appendix ............................................................................................................... 64

14.1 What is this Report About?.................................................................................................................... 64

14.2 Definitions ............................................................................................................................................. 64

14.3 Summary Methodology ......................................................................................................................... 68

14.4 Methodology ......................................................................................................................................... 70

14.5 Contact Timetric .................................................................................................................................... 70

14.6 About Timetric ....................................................................................................................................... 70

14.7 Timetric’s Services ................................................................................................................................ 70

14.8 Disclaimer ............................................................................................................................................. 72

LIST OF TABLES



LIST OF TABLES

Table 1: Benchmarking with Other Major Construction Industries ........................................................................................................... 10 Table 2: Commercial Construction Project 1 – DWTC – Dubai Trade Center Jebel Ali – UAE ............................................................... 13 Table 3: Commercial Construction Project 2 – DSC – Dubai Sports City Development: Stadiums – Dubai ............................................ 13 Table 4: Commercial Construction Project 3 – LDC – Legends in Dubailand Mixed Use Development – Dubai .................................... 13 Table 5: Industrial Construction Project 1 – ESI – Integrated Steel Complex – Abu Dhabi ..................................................................... 16 Table 6: Industrial Construction Project 2 – TAKREER – Ruwais Carbon Black and Delayed Coker – Abu Dhabi ................................. 16 Table 7: Industrial Construction Project 3 – Mubadala – Taweelah Alumina Refinery – Abu Dhabi ........................................................ 16 Table 8: Infrastructure Construction Project 1 – RTA – Dubai Metro Extension – UAE ........................................................................... 18 Table 9: Infrastructure Construction Project 2 – ADPC – Khalifa Port and Industrial Zone – Abu Dhabi ................................................. 18 Table 10: Infrastructure Construction Project 3 – ADPC – Mina Zayed Port Redevelopment – Abu Dhabi............................................. 19 Table 11: Institutional Construction Project 1 – Musanada – Sheikh Khalifa Medical City – the UAE ..................................................... 21 Table 12: Institutional Construction Project 2 – ADEC – Historic School Facilities Program – Abu Dhabi .............................................. 21 Table 13: Institutional Construction Project 3 – TDIC – Guggenheim Museum – Abu Dhabi .................................................................. 21 Table 14: Residential Construction Project 1 – Meydan Group – Entisar Tower – Dubai ........................................................................ 23 Table 15: Residential Construction Project 2 – ADR – Ansam Residential Development – Abu Dhabi ................................................... 23 Table 16: Residential Construction Project 3 – Nakheel – Jumeirah Heights Development – Dubai ...................................................... 23 Table 17: Arabtec Holding PJSC, Key Facts ........................................................................................................................................... 24 Table 18: Arabtec Holding PJSC, Main Services .................................................................................................................................... 26 Table 19: Arabtec Holding PJSC, History ................................................................................................................................................ 26 Table 20: Arabtec Holding PJSC, Key Employees .................................................................................................................................. 28 Table 21: Union Properties PJSC, Key Facts .......................................................................................................................................... 29 Table 22: Union Properties PJSC, Main Services ................................................................................................................................... 31 Table 23: Union Properties PJSC, History ............................................................................................................................................... 31 Table 24: Union Properties PJSC, Key Employees ................................................................................................................................. 32 Table 25: Lindenberg-Emirates LLC, Key Facts ...................................................................................................................................... 33 Table 26: Lindenberg-Emirates LLC, Main Services ............................................................................................................................... 33 Table 27: Lindenberg-Emirates LLC, Key Employee ............................................................................................................................... 34 Table 28: National Petroleum Construction Company, Key Facts ........................................................................................................... 35 Table 29: National Petroleum Construction Company, Main Products and Services .............................................................................. 36 Table 30: National Petroleum Construction Company – History .............................................................................................................. 36 Table 31: National Petroleum Construction Company, Key Employees .................................................................................................. 37 Table 32: Emirates Roads Contracting Co. LLC., Key Facts ................................................................................................................... 38 Table 33: Emirates Roads Contracting Co. LLC., Main Services ............................................................................................................ 38 Table 34: Emirates Roads Contracting Co. LLC., Key Employee ............................................................................................................ 39 Table 35: UAE Construction Output by Project Type (AED Million), 2009–2013 ..................................................................................... 40 Table 36: UAE Construction Output by Project Type (AED Million), 2013–2018 ..................................................................................... 40 Table 37: UAE Construction Output by Cost Type (AED Million), 2009–2013 ......................................................................................... 41 Table 38: UAE Construction Output by Cost Type (AED Million), 2013–2018 ......................................................................................... 41 Table 39: UAE Construction Output by Activity Type (AED Million), 2009–2013 ..................................................................................... 42 Table 40: UAE Construction Output by Activity Type (AED Million), 2013–2018 ..................................................................................... 42 Table 41: UAE Construction Value Add by Project Type (AED Million), 2009–2013 ............................................................................... 43 Table 42: UAE Construction Value Add by Project Type (AED Million), 2013–2018 ............................................................................... 43 Table 43: UAE Commercial Construction Output by Project Type (AED Million), 2009–2013 ................................................................. 44 Table 44: UAE Commercial Construction Output by Project Type (AED Million), 2013–2018 ................................................................. 44 Table 45: UAE Commercial Construction Output by Cost Type (AED Million), 2009–2013..................................................................... 45 Table 46: UAE Commercial Construction Output by Cost Type (AED Million), 2013–2018..................................................................... 45 Table 47: UAE Commercial Construction Output by Activity Type (AED Million), 2009–2013................................................................. 46 Table 48: UAE Commercial Construction Output by Activity Type (AED Million), 2013–2018................................................................. 46 Table 49: UAE Commercial Construction Value Add by Project Type (AED Million), 2009–2013 ........................................................... 47 Table 50: UAE Commercial Construction Value Add by Project Type (AED Million), 2013–2018 ........................................................... 47 Table 51: UAE Industrial Construction Output by Project Type (AED Million), 2009–2013 ..................................................................... 48 Table 52: UAE Industrial Construction Output by Project Type (AED Million), 2013–2018 ..................................................................... 48 Table 53: UAE Industrial Construction Output by Cost Type (AED Million), 2009–2013 ......................................................................... 49 Table 54: UAE Industrial Construction Output by Cost Type (AED Million), 2013–2018 ......................................................................... 49 Table 55: UAE Industrial Construction Output by Activity Type (AED Million), 2009–2013 ..................................................................... 50 Table 56: UAE Industrial Construction Output by Activity Type (AED Million), 2013–2018 ..................................................................... 50 Table 57: UAE Industrial Construction Value Add by Project Type (AED Million), 2009–2013................................................................ 51 Table 58: UAE Industrial Construction Value Add by Project Type (AED Million), 2013–2018................................................................ 51

LIST OF TABLES



Table 59: UAE Infrastructure Construction Output by Project Type (AED Million), 2009–2013 ............................................................... 52 Table 60: UAE Infrastructure Construction Output by Project Type (AED Million), 2013–2018 ............................................................... 52 Table 61: UAE Infrastructure Construction Output by Cost Type (AED Million), 2009–2013 ................................................................... 53 Table 62: UAE Infrastructure Construction Output by Cost Type (AED Million), 2013–2018 ................................................................... 53 Table 63: UAE Infrastructure Construction Output by Activity Type (AED Million), 2009–2013 ............................................................... 54 Table 64: UAE Infrastructure Construction Output by Activity Type (AED Million), 2013–2018 ............................................................... 54 Table 65: UAE Infrastructure Construction Value Add by Project Type (AED Million), 2009–2013 ......................................................... 55 Table 66: UAE Infrastructure Construction Value Add by Project Type (AED Million), 2013–2018 ......................................................... 55 Table 67: UAE Institutional Construction Output by Project Type (AED Million), 2009–2013 .................................................................. 56 Table 68: UAE Institutional Construction Output by Project Type (AED Million), 2013–2018 .................................................................. 56 Table 69: UAE Institutional Construction Output by Cost Type (AED Million), 2009–2013...................................................................... 57 Table 70: UAE Institutional Construction Output by Cost Type (AED Million), 2013–2018...................................................................... 57 Table 71: UAE Institutional Construction Output by Activity Type (AED Million), 2009–2013 .................................................................. 58 Table 72: UAE Institutional Construction Output by Activity Type (AED Million), 2013–2018 .................................................................. 58 Table 73: UAE Institutional Construction Value Add by Project Type (AED Million), 2009–2013 ............................................................ 59 Table 74: UAE Institutional Construction Value Add by Project Type (AED Million), 2013–2018 ............................................................ 59 Table 75: UAE Residential Construction Output by Project Type (AED Million), 2009–2013 .................................................................. 60 Table 76: UAE Residential Construction Output by Project Type (AED Million), 2013–2018 .................................................................. 60 Table 77: UAE Residential Construction Output by Cost Type (AED Million), 2009–2013 ...................................................................... 61 Table 78: UAE Residential Construction Output by Cost Type (AED Million), 2013–2018 ...................................................................... 61 Table 79: UAE Residential Construction Output by Activity Type (AED Million), 2009–2013 .................................................................. 62 Table 80: UAE Residential Construction Output by Activity Type (AED Million), 2013–2018 .................................................................. 62 Table 81: UAE Residential Construction Value Add by Project Type (AED Million), 2009–2013 ............................................................ 63 Table 82: UAE Residential Construction Value Add by Project Type (AED Million), 2013–2018 ............................................................ 63 Table 83: Timetric Construction Market Definitions ................................................................................................................................. 65

LIST OF FIGURES



LIST OF FIGURES

Figure 1: Growth Matrix for Construction Output in UAE (%), 2009–2018................................................................................................. 2 Figure 2: Benchmarking with Other Major Construction Industries (%), 2009–2018 ............................................................................... 10 Figure 3: UAE Commercial Construction Output (US$ Million), 2009–2018 ............................................................................................ 13 Figure 4: UAE Industrial Construction Output (US$ Million), 2009–2018 ................................................................................................ 16 Figure 5: UAE Infrastructure Construction Output (US$ Million), 2009–2018 .......................................................................................... 18 Figure 6: UAE Institutional Construction Output (US$ Million), 2009–2018 ............................................................................................. 21 Figure 7: UAE Residential Construction Output (US$ Million), 2009–2018 ............................................................................................. 23 Figure 8: UAE Construction Output by Project Type (AED Million), 2009–2018 ...................................................................................... 40 Figure 9: UAE Construction Output by Cost Type (AED Million), 2009–2018 ......................................................................................... 41 Figure 10: UAE Construction Output by Activity Type (AED Million), 2009–2018 ................................................................................... 42 Figure 11: UAE Construction Value Add by Project Type (AED Million), 2009–2018 .............................................................................. 43 Figure 12: UAE Commercial Construction Output by Project Type (AED Million), 2009–2018................................................................ 44 Figure 13: UAE Commercial Construction Output by Cost Type (AED Million), 2009–2018 ................................................................... 45 Figure 14: UAE Commercial Construction Output by Activity Type (AED Million), 2009–2018 ............................................................... 46 Figure 15: UAE Commercial Construction Value Add by Project Type (AED Million), 2009–2018 .......................................................... 47 Figure 16: UAE Industrial Construction Output by Project Type (AED Million), 2009–2018 .................................................................... 48 Figure 17: UAE Industrial Construction Output by Cost Type (AED Million), 2009–2018 ........................................................................ 49 Figure 18: UAE Industrial Construction Output by Activity Type (AED Million), 2009–2018 .................................................................... 50 Figure 19: UAE Industrial Construction Value Add by Project Type (AED Million), 2009–2018 .............................................................. 51 Figure 20: UAE Infrastructure Construction Output by Project Type (AED Million), 2009–2018 .............................................................. 52 Figure 21: UAE Infrastructure Construction Output by Cost Type (AED Million), 2009–2018 ................................................................. 53 Figure 22: UAE Infrastructure Construction Output by Activity Type (AED Million), 2009–2018 ............................................................. 54 Figure 23: UAE Infrastructure Construction Value Add by Project Type (AED Million), 2009–2018 ........................................................ 55 Figure 24: UAE Institutional Construction Output by Project Type (AED Million), 2009–2018................................................................. 56 Figure 25: UAE Institutional Construction Output by Cost Type (AED Million), 2009–2018 .................................................................... 57 Figure 26: UAE Institutional Construction Output by Activity Type (AED Million), 2009–2018 ................................................................ 58 Figure 27: UAE Institutional Construction Value Add by Project Type (AED Million), 2009–2018 ........................................................... 59 Figure 28: UAE Residential Construction Output by Project Type (AED Million), 2009–2018 ................................................................. 60 Figure 29: UAE Residential Construction Output by Cost Type (AED Million), 2009–2018 ..................................................................... 61 Figure 30: UAE Residential Construction Output by Activity Type (AED Million), 2009–2018 ................................................................. 62 Figure 31: UAE Residential Construction Value Add by Project Type (AED Million), 2009–2018 ........................................................... 63

construction in the uae key trends and …construction in the uae – key trends and opportunities...

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