Casting an eye over the Dubai market, Ventures ONSITE’s Projects Intelligence tracker says the approval of 2019’s $2.5 billion infrastructure budget will help the emirate meet its “expansion needs for the Expo 2020 and beyond.”
According to the analyst, $30 billion worth of contracts were awarded to contractors in 2018 as per Projects Intelligence tracker Ventures ONSITE. It also noted out of the total budgeted spend of $15.5 billion for 2019, 33% of expenditures are “allocated for housing, education and healthcare.”
In Dubais construction sector, new contractor awards will be driven by Expo 2020 related projects for 2019 and Ventures ONSITE has provided an update of some of the pavilion contracts expected to be awarded to contractors soon:
Pavilion Country | Pavilion Country |
Luxembourg Pavilion | Sweden Pavilion |
US Pavilion | France Pavilion |
Poland Pavilion | Pakistan Pavilion |
India Pavilion | Japan Pavilion |
Kuwait Pavilion | Oman Pavilion |
New Zealand Pavilion | Brazil Pavilion |
UK Pavilion | Austria Pavilion |
In addition to these and other expo related contracts, there were more projects which are scheduled to be awarded to contractors in 2019, said Ventures ONSITE.
Some the projects include the following:
Name | Client |
Dubai Creek Harbour – The Tower | Emaar Properties, Dubai Holding |
Hatta Pumped Storage Hydropower Plant (PSP) Project | Dubai Electricity and Water Authority (DEWA) |
Expansion of Al Maktoum International Airport at Dubai South – Phase 1 | Dubai Aviation Engineering Projects (DAEP) |
Dubai Harbour – Dubai Lighthouse Tower | Meraas Development |
Headquarters Office Building for DEWA in Al Jadaf (Al Sheraa or The Sail) | Dubai Electricity and Water Authority (DEWA) |