NewswireToday - /newswire/ -
Noida, Uttar Pradesh, India, 2010/09/10 - The tourism related construction projects in the UAE is anticipated to be around AED 858 Billion by 2018, says RNCOS in its latest research report.
According to our research report “UAE Construction Industry Outlook to 2012”, the UAE has one of the fastest growing tourism industries in the Middle East. With the expansion of tourism industry in the past few years, demand for infrastructure and tourism projects has spurred in the country. As a result, several new projects have been announced to tap the opportunity created by the growing demand for hotels and amusement and theme parks.
Our study has indicated that the UAE will account for nearly 86% of the total tourism-related projects investment in the region by 2018 and around AED 858 Billion worth of investments will be made by the end of this period. Further, the UAE is expected to invest more than 14 times the investments made by its immediate competitor, Oman, followed by Qatar, Bahrain, Saudi Arabia and Kuwait. Various national and international developers are launching large scale projects; thereby, driving the level of investments in infrastructure and construction activities.
Besides, we have conducted a detailed and in-depth analysis of the UAE construction industry. Our study reveals that various factors such as relaxed regulations, rising investments, economic reforms and liberalization and the emergence of UAE as a business hub in the Gulf have been driving the industry. Abu Dhabi is expected to be the centre of the construction boom in the UAE owing to highly underdeveloped and government support to boost investment in the construction sector. Several other factors propelling growth in the construction industry in the forecast period have been covered in the report.
Our report “UAE Construction Industry Outlook to 2012” provides an extensive research and in-depth analysis of the market drivers, industry restraints, investment opportunities and key challenges. Further, it has elaborated the future investments projects in the construction industry, with focus on segments such as tourism, hospitality, retail & healthcare. In addition, the report provides the future outlook of the industry. Our study of the competitive landscape of the industry will give an unbiased market picture that will prove decisive for clients.
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