Construction Intelligence Center (CIC) is currently tracking airport-related construction projects in the Middle East and Africa with a total value of USD 222.3 billion. Of this, USD 95.7 billion is in the pre-execution stage and USD 92.8 billion is in the execution stage. Saudi Arabia leads with projects valued at USD 58.6 billion, followed by the UAE with a project value of USD 57.9 billion. In order of the projects’ values, the top ten countries are Saudi Arabia, the UAE, Qatar, Bahrain, Kuwait, Angola, Iraq, Iran, Ethiopia, and Kenya. The highest value project tracked by the CIC in the region is the USD 36.0 billion Al Maktoum International Airport in the UAE, followed by the USD 29.2 billion King Abdulaziz International Airport in Saudi Arabia.
The Middle East and Africa (MEA) region combine countries with affluent economies, and many small but fast-growing emerging markets. The trend of rising populations and incomes throughout the region is driving demand for air travel. In the countries of the Gulf Cooperation Council (GCC), there are particularly high levels of investment in upgrades to airport facilities. The largest and busiest airport in the Middle East is in Dubai, in the United Arab Emirates (UAE), with total passenger traffic reaching 88.2 million in 2017, edging closer to the world’s number one airport in Atlanta, Georgia with 103.9 million. Dubai is also the busiest global airport for international traffic ahead of London’s Heathrow. The Airports Council International (ACI) forecasts that the Middle East’s air passenger traffic will grow by 12.7% in the period of 2017-2040. Both the UAE and Saudi Arabia are in the top ten lists for passenger growth in the period of 2017-2040, with 6.2% and 5.7% respectively, behind Vietnam and India. The regional contribution to international passenger growth for Africa during 2017-2040 is the lowest of all the global regions, at 2.6%, hampered by low investment, mismanagement and poor safety records.
Key Highlights
– The total pipeline of projects is valued at USD 222.3 billion with USD 17.7 billion being spent in 2019 and USD 32.2 billion in 2020.
– The highest value of projects are at the pre-execution stage with a total value of USD 95.7 billion, followed by projects in execution with USD 92.8 billion.
– Projects that are in the planning stage total USD 20.8 billion, while those in the pre-planning stage have a value of USD 12.9 billion.
– Assuming all projects in the current pipeline proceed as planned; spending will reach USD 34.2 billion in 2021 and fall to USD 12.5 billion in 2023. The highest value of project completions will be in 2022, with a value of USD 52.5 billion.
– The top contractors in the region are Arabtec Construction LLC based in the UAE, and Kharafi National LLC based in Egypt. The top consulting engineers are Leslie Jones, based in London, and Meinhardt Group, based in Singapore.
Scope
– The report provides analysis based on CIC projects showing total project values for the Middle East and Africa and analysis by stage and funding for the top ten countries. The top 50 projects are listed for the region giving country, stage, the value of airport construction. Ranked listings of the key operators for the sector are also provided showing the leading contractors, consulting engineers and project owners. Country profiles are provided for the top 10 countries including Saudi Arabia, the UAE, and Qatar.
Reasons to buy
– Gain insight into the development of the airport construction sector.
– Assess all major projects by value, start date, scope and stage of development for the region and top 10 countries to support business development activities.
– Plan campaigns by country based on specific project opportunities and align resources to the most attractive markets.
To Know More, Click On The Link Below:-
Middle East and Africa Airport Construction Projects Market
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Project Insight – Airport Construction Projects: The Americas
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Ken Research
Ankur Gupta, Head Marketing & Communications
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