CERCOUNTRYREPORT United Arab Emirates
Construction Investments and Fixed Investments in UAE Billions of Euros
Forecast (2016-2020)
Photo by Piotr Zarobkiewicz, own work [CC BY-SA 3.0,
https://commons.wikimedia.org/w/index. php?curid=7546509]
Source: Cresme Simco on different sources
due to the 2008 crisis have been resumed and are under construction. In December 2015, Dubai passed the 2016 budget approving a 12% increase in expenditure for infrastructure investments. According to two different studies conducted by Deutsche Bank and Global Investment House, Dubai will allocate approximately US $43 bn to infrastructure implementation ahead of the Expo, of which around $10 bn will be spent on developing and improving transport.
Ongoing projects include expansion
of the new Al Maktoum International Airport located in the Dubai South district, which will cover an area of more than 145 sq. km, and extension of the Dubai metro with the construction of the third line linking up to the Expo. Additionally, the national Etihad Rail project will provide the country with a high-speed passenger rail transport network and will carry freight from mining areas to ports of export. The new Midfield Terminal Complex (MtC) at the Abu Dhabi International Airport is due to be completed by the end of 2017. Numerous projects
are in the pipeline, including construction of the capital’s cultural district in the Saadiyat Island area, which will host a high concentration of top-level cultural institutions, and the Dubai Creek Harbour, which is expected to become one of the city’s most important tourism and residential locations with 9 residential districts, 22 hotels, a yacht club, a marina and the port.
Specifically, the 56.2 billion euros invested in construction in 2016 were divided up as follows: 29.7 billion euros invested in the non-residential
2017 maggio/giugno CER 47
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