Abu Dhabi’s central location within the GCC makes it the ideal location
for The Arabian
Construction Week. Good connectivity to the entire Middle East, North
Africa and Asia will ensure that even more buyers and decision makers
attend the event. Abu Dhabi has embarked upon an amazing 2030 growth and
development plan making the city the ideal location for The Arabian
Construction Week. The city of Abu Dhabi and the United Arab Emirates
will be using The Arabian Construction Week as a major sourcing
platform.
According to new research the UAE construction industry is expected to
grow at a CAGR of around 20% during 2010-2013. Rapid economic
development is the major factor driving construction activities and
infrastructure development in the UAE.
The Arabian Construction Week 2011 is proving to be a perfect platform
for companies to display a full range of green building solutions as
well as innovative engineering products and services to thousands of
buyers from across the Middle East and neighboring regions. The 2011
exhibition and summits will occupy over 20,000sqm of exhibition space
and host of 500 exhibiting companies at the Abu Dhabi National
Exhibition Centre.
The UAE Leads the US$3.1 Trillion Middle East property Market when it
comes to projects, accounting for 42% of the total project value.Major projects in Abu Dhabi currently include:
Khalifa City – US$40 Billion. Government Buildings and embassies
Yas Island – US$39 Billion. Tourism, residential and retail.
Saadiyat Island – US$28 Billion. Tourism, residential, cultural and
retail.
Burooj Properties – US$24. Billion Tourism, residential, commercial and
retail.
Masdar City – US$22 Billion. A Zero Carbon and zero waste city.
Al Raha Beach Complex – US$19 Billion. Tourism and residential.
Capital Trading – US$10 Billion. Commercial.
Al Reem Island – US$8 Billion. Tourism and residential.
Shaikh Mohammed Bin Zayed City – US$ 6.5 Billion. Residential,
entertainment and
commercial.
Abu Dhabi Rail Project – US$3 Billion
MGM Grand Project – US$3 Billion. Tourism and leisure.
Building Materials City – US$3 Billion. Commercial residential and
retail.
Capital Centre – US$2.4 Billion. Abu Dhabi Exhibition Centre,
commercial, business
tourism, retail and marina.
Alghadeer - US $4 billion 6000 homes built across six villages
residential and retail
Khalifa Port and Industrial Zone - US $5 billion commercial, industrial
Mafraq - Ghweifat International Highway - US $2.7 billion
infrastructure.
Taweelah Aluminium Smelter - US $10 billion industrial Latest Figures on Expenditure GCC
UAE
2674 current and future projects
$1.01 trillion project budget
$855.67 billion still remains to be spent
Kuwait
214 current and future projects
$165.55 billion project budget
$116.28 billion still remains to be spent.
Saudi Arabia
998 current and future projects
$442.32 billion project budget
$420.99 billion still remains to be spent
Oman
153 current and future projects
$44.83 billion project budget
$42.42 billion still remains to be spent.
Qatar
198 current and future projects
$50.54 billion project budget
$44.17 billion still remains to be spent
Bahrain
316 current and future projects
$49.29 billion project budget
$45.46 billion still remains to be spent
Regional Markets Worth nearly US$500 Billion - within the wider Middle
East, North Africa and Caspian & Black Sea States:
Lebanon, Jordan & Syria – US$110 Billion
Egypt – US$90 Billion
Iraq – US$70 Billion
Libya – US$60 Billion
Other Northern African Countries – US$80 Billion
Caspian & Black Sea States – US$70 Billion
