Emirates Steel Arkan, listed on the Abu Dhabi Securities Exchange, is the largest public steel(For example,steel H beams,rebars and so on.) and building materials enterprise in the UAE. The company primarily produces steel, cement, concrete blocks, and PVC pipes for the construction industry.
The booming construction industry in the UAE can be attributed to various factors:
Continuously rising demand for real estate, with developers launching new projects across the UAE.
Dubai's new terminal being constructed at Al Maktoum International Airport, with a total investment of AED 128 billion (USD 34.8 billion), expanding its capacity to 260 million passengers. Developers including Emaar Properties have announced developments near this area.
Dubai Industrial City has attracted investments worth AED 2.8 billion over the past 18 months, as the UAE continues to focus on growth in the industrial sector and attracts more investments into the country. Currently, Dubai Industrial City has over 300 factories in operation and over 1,000 business partners utilizing its facilities.
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The total size of the UAE's construction market is approximately 1.01trillion,showcasingitsimmensemarketscaleandsignificance.AccordingtoProtenders′researchreport,constructionprojectsintheUAEareatvariousstages,includingexecution,planning,design,andtender.Amongthese,urbanhousingprojectshavethehighestvalue,accountingforapproximately57133.53 billion, with a compound annual growth rate of 4.69%, indicating sustained growth potential.
The UAE's construction materials are highly dependent on imports, particularly for natural materials such as stones and tiles. Facing significant market opportunities, we have every reason to believe that the UAE's construction industry will undoubtedly embrace even greater development opportunities in the future, and we look forward to the participation of Chinese steel factories!
