U.A.E. Construction Equipment Market Size

U.A.E. Construction Equipment Market Future Prospects

The U.A.E. construction equipment market will generate an estimated revenue of USD 209.2 million in 2024, which is expected to witness a CAGR of 3.6% during 2024–2030, to reach USD 258.2 million by 2030. This is due to the growing investment in infrastructure, rising population with the migration of people from around the world, rampant urbanization, enhancing the position of the country as a key financial, entertainment, tourist, and cultural hub of the world, and the increasing requirement for advanced technologies as sustainable alternatives.

Additionally, the government's initiatives to diversify the economy through large investments in massive projects, such as the Dubai Metro, Palm Jumeirah, Al Maktoum International Airport, U.A.E. Rail Network, and Dubai Harbour project, are expanding this market. The Abu Dhabi executive council has approved a budget of approximately USD 18 billion for 144 infrastructure projects, of which USD 16 billion is for housing and public facilities.