Value of active transport projects in UAE exceeds $87bn in H1 2017
Active transport projects in the UAE number 481 in the first half of 2017, spread across road, rail, aviation and marine, and rise to a value of more than $87.6bn
The number of active transport projects in the UAE hit 481 in the first half of 2017, and rose to a value of more than $87.6bn, according to data revealed by construction intelligence service, BNC Network.
Included in this total are 364 roads projects worth $36.5bn, a total of 39 rail projects worth $33.9bn, and 78 aviation and marine projects worth the remaining $18.2bn.
Broken down by project progress, 218 projects worth $20bn are under construction, 92 projects worth $29.7bn are in the pipeline, and 110 projects worth $32.7bn are on hold, while a further 61 projects, worth $5.2bn, are in the concept or design phase.
Remarking on the data, Avin Gidwani, CEO at BNC Network, said: “With Expo 2020 nearing, the UAE government is fast-tracking all important road and rail projects to ensure smooth transportation of goods and traffic ahead of the event.
“Completion of all the transport projects is crucial to the success of the Expo 2020 project, and will support the country’s bids for more such global events in future.”
As per the report, while numerically the transport sector constitutes just 4% of active projects in the UAE, it accounts for 11% of the total estimated value of projects across all sectors in the country.
The four largest transport projects, worth a combined estimated value of $274.6m, entered the construction phase in June 2017.
“As we move forward, we expect more road and infrastructure projects to be brought under construction for them to be completed on time by mid-2020,” Gidwani said.
“Infrastructure and connectivity has always remained the unique selling points of Dubai and the UAE and the government will complete the pending projects in time.”
BNC Network is a project intelligence provider in the MENA region, and tracks 25,324 live construction projects, with a value exceeding $7.2tn.