The value of the “sector” is expected to reach 490 billion dirhams by 2027
Sustainable construction .. the leading trend to enhance the "UAE Vision 2050"
Living in sustainable communities reduces costs such as the cost of electricity.
archival
Emmanuel de Smedt: "A lot of people are looking for investment opportunities in sustainable buildings and communities."
picture
General Manager of "Al Makram Industries", Emmanuel de Smedt, said that sustainable construction is the leading trend in promoting the "UAE Vision 2050", which aims to make the UAE the first country in the Middle East and North Africa to achieve zero emissions by 2050.
Smedt added to "Emirates Today" that many people are looking for opportunities to invest in sustainable buildings and communities, noting that despite the potential increase in costs, in the long run, living in sustainable communities reduces the annual costs involved, such as Electricity cost.
He pointed out that sustainability is at the forefront of the UAE's goals, with a focus on engaging in the transition towards a sustainable future for the Middle East in general.
Smedt explained that the 2030 Sustainable Development Goals provide a set of 17 achievable goals, with 169 indicators related to those goals, that countries can use to monitor their progress in the field of sustainable development and economic growth.
He continued, "In line with the 2030 Sustainable Development Goals, the UAE is working strategically in all its projects in the construction sector, while working to not lose resources or reduce their consumption to the least possible amount in construction or reconstruction projects."
Smidt stated that the construction sector is witnessing an increase in the popularity of 3D printing, which ensures that construction projects are delivered in less time, with a 40% reduction in labor costs, minimal waste of building materials, and significantly reduced budgets. With expectations that 25% of construction in the UAE will rely on 3D printing tools by 2030.
He stressed that the construction sector can be classified at the present time as a market witnessing great competition in prices, and this is a result of the large number of companies in various countries that are fiercely competing to obtain a market share in the region, indicating that as a result, the market for chemicals used in Construction in the UAE, by 7 and 8% by 2026.
Smedt estimated the value of the construction sector in the UAE at a value of 101.45 billion dollars (372.3 billion dirhams) in 2020, expecting the value to increase to 133.53 billion dollars (490 billion dirhams) by 2027, with a compound annual growth rate of 4.69% during the period from 2022 to 2027.
Follow our latest local and sports news and the latest political and economic developments via Google news