MIDDLE EAST Ӏ REGIONAL REPORT


The UAE approved a AED71.5


billion ($19.5 billion) federal budget for FY 2024-25, an 11.6% increase YoY. This includes: a budget of AED10.9 billion ($3 billion) for education and a budget of AED5.7 billion ($1.6 billion) for healthcare. Mega residential and leisure


projects are also big business in the UAE. Key residential and leisure


projects include Al-Tay Hills in Sharjah, which has an estimated spend of around AED3.5 billion ($953 million). The project claims it will ‘transform visionary real estate inspired by land, culture,


and sustainable best practices into iconic spaces that shape extraordinary lifestyles’ and will include 1,100 villas, malls, and green paths. There’s also Azizi Venice, a


residential development by Azizi Developments in Dubai South. AED30 billion ($8.2 billion) has been slated for this project. And a JW Marriott Resort by Wow Resorts which will see around AED4.8 billion ($1.3 billion) of spending to create a total of 524 apartments. Azizi Developments is also


investing AED60 billion ($16.3 billion) in building 50 luxury


JAPANESE DENZAI GROUP OPENS DENZAI ARABIA


Japanese heavy lift and move company Denzai has opened Denzai Arabia located in Jubail, Kingdom of Saudi Arabia. The company was established to deliver integrated construction and transportation services in


Saudi Arabia and the Middle East, including port transportation and installations at project sites. Denzai Arabia has also established a joint venture with Fawaz Ali Alshammari Co. for


transportation (FTE Logistics). Fawaz Ali Alshammari is a Saudi-owned company with more than 25 years of experience in heavy lifting in the region, to better provide services in KSA and neighbouring countries. "Saudi Arabia is aiming to break free from its oil dependent economy by fostering the creation of new industries, large-scale infrastructure development currently underway,” said Kohki Uemura, president and CEO at Denzai. “Among these efforts the development of wind power generation is considered one of the most important projects. Denzai plans to leverage the expertise it has developed in wind power plant construction to contribute to Saudi Arabia's promotion of decarbonisation and carbon neutrality.”


hotels in Dubai by 2030. Clean energy and industrial


diversification are also making their presence felt on the construction landscape. Under the Dubai Net Zero Strategy 2050, Masdar (also known as the Abu Dhabi Future Energy Company), an Emirati state-owned renewable energy company which claims to be one of the world's largest renewable energy investors, will develop an AED22 billion ($6 billion) solar + BESS system (5,200MW PV and 19 GWh BESS).


Global chemicals and transition


fuels company Ta’ziz awarded Samsung E&A an AED6.2 billion ($1.7 billion) contract for the UAE’s first methanol plant. When it comes to transport


and sewerage infrastructure there’s the Dubai Metro Blue Line project. Around AED20.2 billion ($5.5 billion) will be spent on the transport link which will span 30km and include 14 stations. The Dubai Strategic Sewerage


Tunnels (DSST) project will involve an estimated AED80.8 billion ($22 billion) of spend. It is is among one of the largest planned infrastructure investments. Key roads, including Oud Metha and Al-Asayel Streets, are also being expanded thanks to a slated spend of around AED598.6 million / $163 million. Annual growth is projected at


4% from 2026 to 2029, bolstered by tourism, logistics, and economic zone development.


The opening ceremony of Denzai Arabia in Jubail.


EGYPT Overall Egypt is showing strong recovery despite external challenges. The country's construction industry is expected to grow by 6.5% in 2025, rebounding from macroeconomic volatility, currency devaluation, and regional geopolitical tensions.


18 CRANES TODAY


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