Dubai, UAE – The UAE has witnessed 135 percent year-on-year (YoY) growth with AED 49.25 billion ($13.37 billion) project announcements in the second quarter compared to AED 21 billion ($5.71 billion) in the same quarter last year, according to the latest construction intelligence cited in BNC Projects Journal,
The surge in project awards is equally impressive, rising from AED 33.46 billion ($9.10 billion) to AED 49.22 billion ($13.36 billion), representing a YoY growth of 47 percent. These figures underscore the significant investments being made in the UAE’s infrastructure development, cementing its position as a global leader in construction.
Dubai, in particular, is at the forefront of this resurgence, with plans to undertake numerous sustainability projects and initiatives
“We are witnessing an exciting growth trajectory in the UAE’s construction sector,” Avin Gidwani, CEO of BNC Network said.. These remarkable figures reflect the unwavering resilience and determination of the industry, positioning the UAE as a global leader in construction once again.”