Industrial Construction in the UAE to 2019: Market Forecast – openPR

  • The construction sector can be broadly classified into five categories: Commercial, Industrial, Infrastructure, Institutional and Residential.
  • The reasons for this growth can be attributed to various macroeconomic factors conducive to the construction sector.Key Macroeconomic Trends Driving Growth in UAE Industrial Construction SectorUAE is one of the most diversified economies in the Gulf region.
  • Looking at the Middle East, UAE can be seen as one of the fastest growing economy, with its construction industry ranked third among the construction industries of the Middle East countries.
  • The construction industry is third largest economic activity after oil and trade, in the UAE, including approximately 6000 companies with most of the construction activities taking place in Abu Dhabi and Dubai.
  • The industry’s output value in real terms is forecast to rise at a CAGR of 6.52% in the next five years period; up from 3.55% during the period 2010-2014.The promising future of the construction industry can be seen by observing its past trend.


London has most expensive construction costs in Europe, second in the world

  • The International Construction Costs Index published by Arcadis, analyses the relative costs of construction across 44 major cities, and also shows a crucial imbalance in London’s expensive construction market.
  • London is the most expensive city in Europe and the second most expensive city worldwide in which to build, according to an index from a global design and consultancy business.
  • At the other end the least expensive cities for construction are Taipei, Bangalore, Bangkok, Kula Lumpur, Ho Chi Min, Bucharest, Prague, Sarajevo, Sofia and Jakarta.
  • Overall the top city is New York, with Hong Kong in third place followed by Geneva and Macau.
  • Cost premiums in the top cities range from 40% to 60% in comparison with other European counterparts.


GCC Hosts Record High USD 3 Trillion in Construction Projects

  • Counting both ongoing and planned construction projects the GCC’s construction pipeline totals USD 2.8 trillion especially in mixed-use mega-developments airports and seaports and transportation infrastructure according to the recent report “GCC Powers of Construction 2015” by Deloitte.
  • At The Big 5 Tekla is showcasing its BIM software Tekla Structures 21 and Tekla Structural Designer along with Tekla BIMsight an open BIM viewer and Tekla Field 3D for viewing BIM models on smartphones and tablets.
  • (MENAFN Press) Tekla to Further Integrate with Trimble Delivering Global Best Practices in Construction Technology to Middle East

    Dubai United Arab Emirates: GCC contractors must adopt the latest construction software to ensure the swift delivery of nearly USD 3 trillion worth of construction projects industry experts declared today ahead of The Big 5 construction exhibition.

  • Advancing government BIM mandates further demonstrate the Middle East’s desire to be on par with global innovators in the construction field” said Paul Wallett Area Business Director Tekla Middle East.
  • From BIM to holographic technology to real estate management software we’ll deliver best practices in technology to help the Middle East’s architecture engineering and construction firms deliver on innovation agendas” added Paul Wallett.


The Big 5 opens today with thousands of certified products on display

  • Counting both ongoing and planned construction projects, the GCC’s construction pipeline totals $2.8 trillion, especially in mixed-use mega-developments, airports and seaports, and transportation infrastructure, according to the recent report by Deloitte.
  • “The Middle East is seeing nationwide transformation in construction innovation, with projects for mega-events such as World Expo 2020 in Dubai and 2022 FIFA World Cup Qatar stretching design boundaries.
  • The building and construction sector in Jebel Ali Free Zone (Jafza) has witnessed 74 per cent growth in the last five years growing from Dh10.7 billion in 2009 to Dh18.6 billion in 2014.
  • Advancing government BIM mandates further demonstrate the Middle East’s desire to be on par with global innovators in the construction field,” Paul Wallett, area business director, Tekla Middle East, said in a statement.
  • Among the top visiting countries to the event will be the UAE, Saudi Arabia, Iran, India, Oman, Qatar, Kuwait, Bahrain, Egypt and Pakistan.


Here comes the Bride: architect plans world’s tallest building in Basra

  • If built, the 230-storey, 1,152m tall “Bride Tower” would be located in Basra and would be made up of four buildings joined together.
  • An alien planted in the city, disconnected from the urban scale at ground level.

    “The Bride, on the other hand, will be conceived as a city itself both vertically but also horizontally from the ground.

  • The tallest building under construction is the 1km-high Kingdom Tower in Jeddah, Saudi Arabia.
  • However there is no fixed location for the building, and although Basra is relatively peaceful and prosperous, neither a construction schedule nor a price has been suggested.
  • The tallest building completed is the 830m Burj Khalifa in Dubai.


BIM is ‘wake up call’ for Qatar’s contractors

  • RELATED ARTICLES: Revealed: How BIM can help procurement managers | BIM for FM: A Bird’s Eye View | How is BIM transforming GCC project delivery?
  • With Qatar’s rising number of projects – from skyscrapers to stadiums – what can be done to further encourage BIM adoption in the country?
  • Contractors adopting BIM across the whole project delivery would enhance Qatar’s standing as an innovation hub, while driving the country’s competitiveness on a global scale.

  • But on a countrywide level, the adoption of BIM by contractors lags behind the region and the rest of the world.
  • With BIM, organisations can deliver projects on time, on budget, and with a goal towards sustainability.