By: Vishal Makhija --
21 June, 2012
Construction Industry in UAE UAE is one of the largest and fastest growing economies in the Middle East. Last year, it was the second largest market with investments worth USD 9 billion allocated to the buildings, infrastructure and energy sectors. The UAE construction industry is expected to grow at a CAGR of around 7% during 2010-2013 due to rapid economic development. As a result, it has increased the GDP, thereby stimulating growth of other industries, and creating job opportunities. However, environmental exploitation is also substantial in this sector. In 2010, the construction industry used a net electrical energy of 52.6 billion kWh with annual CO2 emissions reaching 137.8 million metric tons. Waste due to construction activities amounted to 10.2 million tons in 2010, according to the Dubai Statistics Centre.