By Parag Deulgaonkar www.emirates247.com
The estimated value of six mega projects in the UAE’s infrastructure construction sector is over Dh202.25 billion ($55.11bn), according to a new report.
With a targeted completion date of 2030, Dubai Metro by Dubai Roads and Transport Authority (RTA) is by far the biggest project to be undertaken in the country at the cost of $14.35 billion, Alpen Capital said in its June 2015 ‘GCC Construction Report’.
Second on the list is Emirates Roads master plan by Dubai RTA, which is valued at $12bn and slated for completion in 2016 followed by Etihad Railway network by Etihad Rail at an estimated cost of $11bn and a completion date of 2018.
Fourth on the list is the Airport Expansion Project by Dubai Airport Authority with an estimated value of $7.8bn (completion 2018) followed by Abu Dhabi Metro by Musanada with a projected value of $7bn (completion 2020) and Abu Dhabi Airport Expansion Midfield Terminal Complex by Abu Dhabi Airport Company valued at $2.96 billion (completion 2017).
The report says the UAE’s infrastructure construction sector is seeing the recommencement of several major development projects that were stalled during the 2008 economic downturn. More info