Thursday, January 26, 2023
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Top 10 Construction Companies in Dubai in 2023

The 10 Best Construction Companies in Dubai in 2023

With the Expo 2020 Dubai just around the corner, construction is booming in Dubai. According to recent reports, the value of construction projects in Dubai is expected to reach $330 billion by 2022. With so much construction happening, it can be hard to keep track of who’s who in the industry. So, without further ado,

Here are the top 10 construction companies in Dubai in 2023:

1. Arabtec Construction LLC

Arabtec Construction LLC is one of the leading construction companies in Dubai. The company was founded in 1975 and has since then completed several high-profile projects in the UAE and other countries in the Middle East. Arabtec Construction LLC is a subsidiary of Arabtec Holding, which is listed on the Abu Dhabi Securities Exchange. The company has a strong order book and is well-positioned to take advantage of the growing construction market in the UAE. Arabtec Construction LLC reported revenue of AED 4.6 billion in 2020 and is expected to grow at a CAGR of 5% over the next two years. The company has a strong presence in the residential, commercial, and industrial segments and is one of the few construction companies with a presence in all of the Emirates. Arabtec Construction LLC has a strong track record of delivering projects on time and within budget. The company has a well-established supply chain and a large fleet of heavy equipment. Arabtec Construction LLC is one of the few construction companies that are certified by both ISO 9001 and 14001. The company has a workforce of over 20,000 employees from more than 80 nationalities.

2. China State Construction Engineering Corporation Middle East (CSCME)

China State Construction Engineering Corporation Middle East (CSCME) is a leading construction company in Dubai, with a strong track record of delivering high-quality projects on time and within budget. Founded in 2002, CSCME has grown rapidly to become one of the largest construction companies in the region, with a current annual revenue of over US$1 billion. The company has delivered a wide range of projects across the Middle East, including major mixed-use developments, residential towers, hospitals, and airports. CSCME has also established a strong reputation for sustainable construction practices and was recently named one of the world’s leading green contractors by the respected industry magazine Engineering News-Record. Looking to the future, CSCME is well-positioned to continue its growth trajectory and capture further market share in the highly competitive construction sector. The company is currently bidding for several large-scale projects in the UAE, Qatar, and Saudi Arabia, and is confident of winning new work in these key markets. With a strong team of experienced professionals and a commitment to excellence, CSCME is set to continue its role as one of the leading construction companies in the Middle East region.

3. Drake & Scull International PJSC (DSI)

Drake & Scull International PJSC (DSI) is a leading regional engineering, design and construction group with a significant presence in the MENA region. The company was founded in 1991 and has since seen rapid expansion, with a revenue of $4.4 billion in 2022. DSI has a strong presence in the UAE, Saudi Arabia, Qatar, Kuwait, Egypt and India, and offers a wide range of services including construction, mechanical and electrical engineering, water and wastewater treatment plants, and oil and gas projects. With a team of over 9,000 experienced professionals, DSI is well-positioned to continue its growth in the coming years. Looking ahead to 2022, DSI is focused on delivering excellent results for its shareholders and continuing to build on its reputation as a trusted partner for construction projects across the MENA region.

4. Habtoor Leighton Group LLC (HLG)

Habtoor Leighton Group LLC (HLG) is a leading international contractor specializing in construction, engineering, electromechanical services, and project management. The company was founded in 1979 and is headquartered in Dubai, United Arab Emirates. HLG has a strong presence in the Middle East, North Africa, Southeast Asia, Australia, and Europe. In 2021, HLG reported revenue of $5.4 billion and is projected to generate revenue of $6.6 billion by 2022. The company’s areas of expertise include infrastructure, power, oil and gas, petrochemical, residential and commercial construction. HLG has a strong track record of delivering high-quality projects on time and within budget. The company has worked on some of the most iconic buildings and structures in the world, including the Burj Khalifa, the Palm Jumeirah, and the Abu Dhabi International Airport. In 2021, HLG was ranked by Engineering News-Record as the 17th largest global contractor.

5. Jumeirah Group

Jumeirah Group is a construction company in Dubai that was founded in 2012. The company has grown rapidly and is expected to generate revenue of $1.5 billion in 2022. Jumeirah Group specializes in the construction of residential, commercial, and industrial properties. The company has completed projects in several areas in Dubai, including Business Bay, Jumeirah Lakes Towers, and Al Barsha. In addition to its construction work, Jumeirah Group also provides property management and leasing services. The company is one of the leading Construction Companies in Dubai and is well-positioned to continue its strong growth in the coming years.

6. EMIRATES CONTRACTING COMPANY

EMIRATES CONTRACTING COMPANY was founded in 2006 and is headquartered in Dubai, United Arab Emirates. The company operates in the construction and engineering industry in the Middle East and North Africa region. It has a diversified portfolio of projects that include residential, commercial, office, retail, hospitality, healthcare, and mixed-use developments. The company’s revenue is expected to reach $4.5 billion by 2022. EMIRATES CONTRACTING COMPANY has a workforce of over 15,000 employees from more than 50 nationalities. The company is listed on the Dubai Financial Market and has a market capitalization of $2.5 billion as of November 2020.

7. Meraas Holding

Meraas Holding is a Dubai-based conglomerate that was founded in 2007 by Abdullah Al Habbai. The company is involved in a range of businesses, including construction, hospitality, retail, and entertainment. In 2020, Meraas Holding generated revenue of AED 8.6 billion. This is expected to grow to  AED 10.7 billion by 2022. The company has several high-profile projects in the pipeline, including the Expo 2020 site and the Dubai Creek Harbour development. In addition, Meraas Holding owns several popular leisure destinations in Dubai, such as City Walk and The Beach at JBR. With a strong focus on growth and innovation, Meraas Holding is well-positioned to continue its success in the coming years.

8. Nakheel PJSC

Nakheel PJSC is a Dubai-based construction company that was founded in 2004. The company is best known for its iconic Palm Jumeirah development, which includes luxury hotels, villas, and apartments. Nakheel PJSC is also responsible for other major developments in Dubai, including the World Islands and the Nakheel Tower. In recent years, the company has been diversifying its portfolio and has begun to develop projects in Saudi Arabia, Egypt, and India. The company is forecast to generate revenues of $5.4 billion in 2022. Construction companies play a vital role in the development of Dubai’s economy and are responsible for some of the city’s most iconic buildings. With its strong track record of delivering large-scale projects on time and budget, Nakheel PJSC is well-positioned to continue to play a leading role in Dubai’s construction industry.

9. Damac Properties

Damac Properties is one of the largest construction companies in Dubai. The company was founded in 2002, and its revenue is expected to reach $5 billion by 2022. Damac has developed numerous iconic projects in Dubai, including the Burj Khalifa, the tallest building in the world. The company is also active in other areas of the United Arab Emirates, including Abu Dhabi and Ras Al Khaimah. In addition to its construction business, Damac also owns several hotels and golf courses. The company is planning to list on the Nasdaq Dubai stock exchange in 2022.

10. Emaar Properties PJSC

Emaar Properties PJSC is a real estate development company located in the United Arab Emirates. The company was founded in 1997 by Chairman Mohamed Alabbar. Emaar Properties is publicly traded on the Dubai Financial Market, and it is the largest real estate developer in the UAE by revenue. In 2020, the company’s revenue was AED 42.6 billion. Emaar Properties has a land bank of 3,540 hectares and a portfolio of iconic developments in areas such as Downtown Dubai, Dubai Creek Harbour, Dubai Hills Estate and Arabian Ranches. The company’s goal is to deliver outstanding lifestyles for its customers and create long-term value for its shareholders. Emaar Properties is one of the most profitable construction companies in Dubai, and it is on track to achieve its goal of AED 50 billion in revenue by 2022.

Conclusion:

These are the top 10 construction companies in Dubai. With so many big players in the game, it’s sure to be an exciting few years for construction in Dubai. Be sure to stay up-to-date on all the latest news and developments so you can make informed decisions about your next construction project.

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