Real Estate & Construction

Real estate development in Abu Dhabi is dominated by large, mostly local government-backed companies, several of which are responsible for the master development of various emerging areas of the city including Yas Island, Al Maryah Island and Zayed Sports City. Meanwhile, the value of construction sector activity in Abu Dhabi increased to $24.9bn in 2014 from $23.3bn a year earlier. Sector activity also grew 3.3% in 2014 at constant prices over the previous year, up from growth of 0.6% in 2013. Transport infrastructure in particular is helping to drive activity in the sector, with a number of projects planned or under way for rail and urban transport infrastructure as well as the airport segment. This chapter contains an interview Mohamed Al Mubarak, CEO, Aldar.