UAE infrastructure projects to hit $90bln by 2026

The UAE is forecast to rank 19th among the world's biggest construction markets

  
Image used for illustrative purpose Laborers work at a construction area in Dubai.

Image used for illustrative purpose Laborers work at a construction area in Dubai.

REUTERS/Ahmed Jadallah
Dubai – Mubasher: The value of infrastructure projects in the UAE is expected to reach AED 330.25 billion ($89.93 billion) by 2026, which would account for 13.8% of the country’s gross domestic product (GDP) in the same year, according to a report by BMI Research.

The UAE is forecast to rank nineteenth among the biggest construction markets in the world, the UK-based research firm added.

The huge investments pumped into the UAE transportation, energy, and tourism sectors in both Dubai and Abu Dhabi will boost growth in the coming decade, the report found.

Source: Mubasher

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