Projects worth $800bn under way in the UAE |
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Despite caution over future projects, $800 billion (Dh2.9 trillion) of projects are currently under construction in the UAE, according to a survey by Proleads, the research partner of The Big 5.
Though the analysis covers all industries, civil construction developments continue to dominate projects under way topped by Jumeirah Gardens, Dubailand, Palm Deira, Yas Island, and White Bay Umm Al Quwain.
Proleads is currently tracking in excess of 5,200 individual projects worth in excess of $4trn across the Middle East.
Its database lists more than 980 projects under some level of construction across all industries in the UAE.
"It is important to say that the $800bn of projects in this survey are all under construction," said Bernard Walsh, Managing Director of The Big 5 organisers dmg world media Dubai. "Despite caution over future projects, it emphasises yet again that the huge projects under way in the UAE are increasingly at levels unmatched in other parts of the world as the economic slowdown affects markets worldwide."
The survey also ranked the top five owners, contractors, managers, financiers and architects involved in projects in the UAE.
It includes companies from the UAE, Belgium, the Netherlands, the United States, the United Kingdom, India and Australia among the top ranked in terms of the value of projects with which they are associated.
The tables are based on analysis of the active construction projects currently under way in the UAE across the oil and gas, petrochemical, civil construction and, power, water and industrial sectors and contained within the database of Proleads.
"As the region's biggest event for the building and construction industry we are delighted to unveil the biggest companies across the most crucial areas of project development," said Walsh.
In the tables, Dubai's NakheelNakheel
tops the big Project owners list; Jan de Nul, a Belgian dredging company is the number one contractor; US companies led by Hill International dominate project managers list; Abu Dhabi Commercial BankAbu Dhabi Commercial Bank is the leader in terms of project financiers; and Crema Bahramis Giordano, an Australian firm tops project architects with a development in the tiny emirate of Umm Al Quwain.Meanwhile, local companies have affirmed their commitment to the event to address their niche markets or capture new business.
Anchor Allied's said its participation at the annual trade show comes at a time when the company is looking to expand its market presence and consolidate its leadership position in the region.
Anchor Allied is a subsidiary of M'Sharie and one of the largest manufacturer of adhesive tapes and specialty adhesives in the Middle East.
"Having set itself a revenue target of Dh 250 million within the next three years, Anchor Allied has been looking to strengthen its operations and increase its regional footprint," said Hussain Nalwala, Executive Director of Anchor Allied.
"Ensuring a strong presence at The Big 5 Show will enable us to explore new investment opportunities and pursue strategic alliances. Through our participation at the show, we are primarily seeking to increase awareness in the local and export markets as well as among the contracting community about the technical superiority and usable strengths of our products."
Again, to capitalise on the rising demand for steel structures, Emirates Building Systems (EBS)Emirates Building Systems (EBS)
, a subsidiary of Dubai Investments Industries and a regional leading company in the construction of high-rise steel buildings, announced yesterday that it will showcase its services and a wide array of products including hot rolled steel structures for multi-storied buildings and high-rise towers at the event. Fouad Arwadi, General Manager Sales of Emirates Building Systems, said: "We expect our participation at this year's show to be particularly successful, as the exhibition comes at a time when demand for steel structures is on the rise across the region as a result of a shift in favor of steel structural frames amongst the real estate community. We look forward to establishing new relationships and reinforcing our market presence by capitalising on the opportunities offered by The Big 5 show."
In order to cater to the increased demand for steel structures in the Gulf region, EBSEBS
had recently completed the expansion of its factory in the UAE to take the company's annual production capacity to over 75,000 metric tonnes. EBSEBS has also set up additional fabrication facilities in the GCC and the Subcontinent.DuPontDuPont
also confirmed that it will showcase innoaive products at the event."These advanced concepts and materials are of particular interest to Middle East and Gulf where construction and real estate development continue to progress and evolve at a rapid and highly-competitive pace," said Andrew Holdsworth, Director Middle East.
"These materials extend the superior benefits that open new opportunities for architects and designers, and a refreshing experience for consumers in the Middle East and Gulf," said Tony Azzam, Business Manager, Building Innovations and Construction Industry Leader for Turkey, Middle East, Africa and Pakistan.
"The Middle East and Gulf market is gearing up to meet the residential, health, educational and recreational needs of its rapidly growing population. We are currently working on multiple innovative projects to enable customers reach new heights in architecture and construction of homes, healthcare, skyscrapers, airports, industrial buildings and offices."
Meanwhile Mammut Building SystemsMammut Building Systems
FZC (MBSMBS), one of the region's largest manufacturers of pre-engineered steel buildings (PEBs), has announced that it will showcase part of a new range of products at exhibition. MBSMBS is a subsidiary of Emaar Industries and Investments (EII)."This is a perfect opportunity for MBSMBS
to demonstrate our product range to the many visitors that will come to The Big 5. We have grown rapidly since our inception in 1997 and the services and products we offer have differentiated us from the competition," said Bob Webster, Managing Director at MBSMBS. The company will introduce a new long span purlin G-2 (second generation). Unlike conventional purlins that have a maximum span of about eight metres, the new G-2 purlin can extend up to 12 metres or more.
It will also showcase a number of new products as well as some of its existing services.
The Big 5 show, the biggest fair for the construction industry and associated suppliers in the Gulf, opens today and will run until Friday.
Exhibition space has been completely sold out with the event taking up the entire space of the Dubai International Exhibition and Convention Centre.
By Sona Nambiar
© Emirates Business 24/7 2008
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