UAE economy set to grow nearly 10% in 2027, Central Bank Governor says

The UAE’s GDP is projected to witness a massive 10% expansion by 2027, driven by non-oil sector growth and increased oil production capacity. This economic boom signals a massive wave of infrastructure projects and industrial scaling. Procurement professionals should prepare for heightened competition for high-quality industrial assets as companies ramp up operations to meet this projected demand.

Significant investment in oil and gas capacity will require specialized equipment such as pumps, valves, and drilling machinery. Simultaneously, the focus on diversification will drive the procurement of manufacturing hardware, renewable energy technology, and construction equipment. Buying teams should consider locking in long-term contracts now to mitigate future price hikes and equipment shortages during the 2027 peak.