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- 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.
- For example, in South Australia and Tasmania a number of energy infrastructure construction projects are going ahead.
- This solid performance is a consequence of high levels of investment in oil and gas and energy infrastructure projects.
- Notwithstanding the aforementioned power station, it’s largely a different story in the energy and utilities construction sector, however.
- However, it isn’t stalling altogether and there are still some ongoing construction projects, including in Queensland.
- Meanwhile, a project to develop the rail infrastructure in Melbourne is continuing with an upgrade of the Cranbourne-Pakenham rail corridor.
- NTE Energy, a power developer and energy services provider, announced today that its affiliate NTE Ohio, LLC (“NTE”), has successfully closed $645 million in project financing for construction and operation of its Middletown Energy Center.
- NTE Energy, through its affiliates, develops and acquires strategically located electric generation and transmission facilities within North America.
- Capital Dynamics’ CEI team holds extensive expertise in investing, financing, owning and operating conventional and clean energy businesses globally.
- NTE Energy, through its affiliates, is actively developing three projects located in West Texas, Southwest Ohio, and North Carolina as well as pursuing early-stage opportunities in several other locations.
- The team executes all aspects of project development, from initial market and site evaluations and permitting to financing, construction and operation.