Report Description

The construction industry in Middle East and Africa was largely affected due to the prolonged suspension of economic activities to contain the spread of the coronavirus outbreak. The onset of the coronavirus and subsequent decline in the oil prices had a negative impact on the construction sector. Although construction activities were affected, the work continued but with reduced productivity while keeping social distancing norms in mind. However, the sector showed some recovery in the last three to four quarters with various upcoming construction projects across the region.

Government-backed mega-infrastructure projects to drive the overall construction industry in Egypt

The funding from the Egyptian Government has driven the recovery in the construction sector over the last four to six quarters in the country. With the Government continuing to roll out new infrastructure projects, ConsTrack360 expects the sector to record robust growth from the short to medium-term perspective.

One of the key infrastructure projects currently undertaken by the Egyptian Government is the development of the New Administrative Capital. The new city consisting of a presidential palace, new parliament building, opera house, and spacious parks, among other things, is forecasted to cost around US$45 billion. Notably, the Government has been touting the new city as the solution to the overpopulation problem in Cairo, which houses more than 20 million people.

Apart from moving the administrative buildings out of Cairo, the New Administrative Capital is also expected to create much-needed housing in the country. The Government has also announced massive infrastructure projects in other cities, including El Alamein, Mansoura, and Aswan.

Moreover, the growing demand for infrastructure from the rising economy and population, especially in terms of transportation and energy, is expected to lead the momentum in the construction sector in Egypt from the short to medium-term perspective. ConsTrack360 expects the adoption of public-private partnership financing frameworks to further drive the momentum in the Egyptian construction sector from the short to medium-term perspective.

Low lending rates and improving business conditions are boosting the growth in the residential construction industry in the UAE

In 2020, the residential construction market was hit by the global pandemic as job losses because of Covid-19 forced nearly 10% of the expat population to leave, resulting in an increase in vacancies last year. In Dubai, residential sales prices declined by more than 7%, whereas the number stood at 2.1% in Abu Dhabi in 2020.

However, the low lending rates and improving business conditions in 2021 have helped the country in reviving the demand for housing units. Some of the construction firms, such as Aldar Properties, have recorded strong growth in Q2 2021. The company recorded US$1.36 billion in sales in 2021, supported by new launches. Emaar Properties, one of the largest property developers in Dubai, also saw its sales surge to a record high of US$2.65 billion in Q2 2021.

Notably, the growth in the residential construction sector has been assisted by the high national vaccination rate, improving mobility trends, company ownership rules, and government reforms. All of these, paired with more flexible residency visas, have also supported the sector growth in the country. ConsTrack360 expects the trend to continue from the short to medium-term perspective, which will subsequently assist the overall growth of the construction industry in the UAE.

Urban development projects leading the growth in the construction industry in Saudi Arabia

As of December 2021, there are more than 5,000 construction projects ongoing in the country at a total value of more than US$800 billion. Moreover, the urban construction sector in Saudi Arabia is the largest contributor to the growth of the industry. The sector has more than 3,000 active projects valued at nearly US$380 billion.

The urban sector is followed by the utility sector which is the second-largest contributor with more than 700 projects. This is followed by the transportation sector with nearly 500 construction projects. Notably, some of the major urban construction projects in the country include the King Abdullah Security Compounds (Phase 5) and the Grand Mosque (Holy Haram Mosque expansion).

With the population in the country estimated to be around 18 to 20 million by 2030, the need for infrastructure construction development will keep on growing, which will subsequently assist the growth of the industry from the short to medium-term perspective in Saudi Arabia.

This report from ConsTrack360 provides data and trend analyses on the middle eastern and African construction industry, with over 100 KPIs. This is a data-centric report and it provides trend analyses with over 1,500+ charts and 1,200+ tables. It details market size & forecast, emerging trends, market opportunities, and investment risks in over 40 segments in residential, commercial, industrial, institutional, and infrastructure construction sectors.

It provides a comprehensive understanding of construction industry sectors in both value and volume (both by activity and units) terms. The report focuses on combining industry dynamics with macro-economic scenario and changing consumer behavior to offer a 360-degree view of the opportunities and risks.

This title from ConsTrack360 is a bundled offering, comprising 10 country reports.

Country Report 1 - Turkey Construction Industry Databook Series
Country Report 2 - United Arab Emirates Construction Industry Databook Series
Country Report 3 - Saudi Arabia Construction Industry Databook Series
Country Report 4 - Egypt Construction Industry Databook Series
Country Report 5 - Nigeria Construction Industry Databook Series
Country Report 6 - Qatar Construction Industry Databook Series
Country Report 7 - South Africa Construction Industry Databook Series
Country Report 8 - Oman Construction Industry Databook Series
Country Report 9 - Tanzania Construction Industry Databook Series
Country Report 10 - Kenya Construction Industry Databook Series


Scope

Each country report covers the following:

  • Market Data and Insights: This report provides market size and forecast across 40+ construction segments for a period of 10 years from 2016-2025. KPIs covered include the following:
  • Market size by value
  • Market size by volume of construction
  • Number of units
  • Residential Building Construction Coverage: 10-year market size & forecast in value and volume (area and units) terms by
  • Housing type (multi family, single family)
  • Key cities (Tier – 1, Tier – 2, Tier – 3 segmentation)
  • Price point / income level (luxury, mid-tier, affordable)
  • Construction stage (new construction, re-development & maintenance)
  • Residential Green Building Construction Coverage: 10-year market size & forecast in value and volume (area and units) terms by
  • Green building by Housing type (multi family, single family)
  • Green building by Key cities (Tier – 1, Tier – 2, Tier – 3 segmentation)
  • Green building by Price point / income level (luxury, mid-tier, affordable)
  • Commercial Building Construction Coverage: 10-year market size & forecast in value and volume (area and units) terms by
  • Office (further broken down by Grade A, Grade B, and Grade C)
  • Retail (further broken down by Grade A, Grade B, and Grade C)
  • Hospitality (further broken down by Grade A, Grade B, and Grade C)
  • Restaurant (further broken down by Grade A, Grade B, and Grade C)
  • Entertainment
  • Sports facility
  • Construction stage (new construction, re-development & maintenance)
  • Commercial Green Building Construction Coverage: 10-year market size & forecast in value and volume (area and units) terms by
  • Office green building construction
  • Retail green building construction
  • Hospitality green building construction
  • Restaurant green building construction
  • Entertainment green building construction
  • Sports facility green building construction
  • Other commercial green building construction
  • Industrial Green Building Construction Coverage: 10-year market size & forecast in value and volume (area and units)
  • Institutional Building Construction Coverage: 10-year market size & forecast in value and volume (area and units) terms by
  • Healthcare construction
  • Educational construction
  • Public sector
  • Construction stage (new construction, re-development & maintenance)
  • Institutional Green Building Construction Coverage: 10-year market size & forecast in value and volume (area and units) terms by
  • Healthcare green building construction
  • Educational green building construction
  • Infrastructure Construction Sectors: 10- year market size & forecast in value terms by
  • Marine and inland water infrastructure
  • Utility system construction (oil and gas infrastructure, communication infrastructure, power infrastructure, water and sewer infrastructure)
  • Transportation infrastructure (highway, street and bridge construction, railway construction, airport construction, and tunnel construction)
  • Construction stage (new construction, re-development & maintenance)
  • Green Infrastructure Construction: 10- year market size & forecast in value terms




Reasons To Buy

  • In-depth Understanding of Construction Market Dynamics: Understand market opportunity, industry dynamics, key trends and drivers across 40+ market segments and sub-segments of Middle East and Africa building and infrastructure construction industry.
  • Volume and Value Data: Get detailed understanding of the market both from value and volume (both by activity and units) perspective for historical as well as forecast period
  • Develop Market Specific Strategies: Identify growth segments and target specific opportunities to formulate your strategy; assess market specific key trends, drivers and risks in construction industry.
  • City Level Insights: Get city level trend analyses by tier-1, tier-2, and tier-3 cities.