- Sep 02, 2024
UAE construction sector ‘to grow to $41bln in 2024
UAE’s construction sector, which has shown 23% growth in Activity Index and achieved $87 billion in project awards in 2023, is projected to grow from $41 billion in 2024 and to $50.40 billion by 2029, with a CAGR of 4.26%.
Despite global challenges, the sector is seeing significant growth, particularly in residential and mixed-use projects, accounting for $125 billion and $232 billion respectively, said 3DXB Group, a pioneering leader in 3D printing solutions for the construction industry.
3DXB Group is poised to capitalise on the UAE's resilient construction market, which remains firmly positive with a project pipeline valued at $590 billion.
