The Middle East construction industry has a pipeline valued at $3.9 trillion (AED 14.3 trillion), as reported by Build Well. Key markets driving this growth include Saudi Arabia, the UAE, Oman, Qatar, and Egypt. As of early 2024, the UAE’s construction project pipeline alone reached $590 billion (AED 2.16 trillion), constituting 15% of the region’s total, per Jones Lang LaSalle (JLL).
Residential projects in the region account for $125 billion (21%), while mixed-use developments represent $232 billion (39%). In the UAE, awarded projects surged to $87 billion in 2023, reflecting strong diversification and investment efforts. Notably, the GCC holds a $2.7 trillion projects pipeline, with Saudi Arabia leading at $1.5 trillion, according to MEED.
Raji Maalouf, CEO of Build Well, highlighted the firm’s expanded GCC presence to meet the demand for sustainable, high-quality construction products amid the infrastructure boom. The company now operates across Saudi Arabia, Qatar, the UAE, and beyond, with a global reach in the UK and US.
