Construction And Building Materials
ValuStrat team of specialized experts service the construction and building material industry to provide invaluable detailed understanding of the industry. Our professional expertise and technical know-how to tackle even the most complex valuation and strategy assignments differentiates ValuStrat from the rest.
The construction and building materials sector is one of region’s biggest industries. The sector is very important for the UAE economy and particularly to Dubai. The sector in the UAE employs more than 500 thousand people, of which Dubai contributes with around 30 per cent.
The construction and building materials industry is large, complex and diverse and covers a wide range of business interests and activities, united by their common usage and development of land. It is comprised of clients including house-builders and commercial property developers who determine what should be built and where; designers who decide on the detail of what should be built; materials and components suppliers who extract and/or manufacture materials and components and contractors who carry out the building.
‘Building Green’ is a global trend which is quickly becoming an industrial norm in the GCC. According to a recent research report from Navigant Research, the worldwide market for green construction materials will grow from $116 billion in 2013 to greater than $254 billion in 2020. The benefits of green building – energy savings and techniques have become more accepted, where more and more construction projects across the region and globally want a green building certification and this has created a new demand for traditional materials and methods to reduce the impact on the environment.
Another growth area is concrete production from recycled materials, such as ash from power furnaces. Wood from proven, sustainable forests is another area that is set to boom, as are water-efficient plumbing fixtures and energy-efficient lighting fixtures, both of which were expected to see double-digit growth every year to 2013, according to a green building materials report by market analysts the Freedonia Group.
The construction sector in the GCC is poised for a rebound, with $286 billion (Dh1 trillion) in projects set to be awarded between 2012 and 2016, according to a new research report.