The UAE's industrial and construction sector is experiencing a structural boom, driven by UAE National Industrial Strategy 2031 (targeting AED 300B in manufacturing output), the ongoing UAE infrastructure build-out, and significant government construction spend. Corvian Advisory provides M&A advisory and independent valuation for UAE industrial businesses. CFA-led. Fixed fee.
Industrial M&A in the UAE requires understanding order book dynamics, contractor grade licensing, plant and machinery valuation, and an acquirer universe spanning national conglomerates, GCC PE, and international strategic buyers.
Full sell-side for UAE manufacturers, EPC contractors, MEP companies, and industrial services businesses, valuation, CIM with industrial KPIs, outreach to UAE conglomerates, GCC PE, and international strategic buyers, through to close.
IVS-compliant valuation using EV/EBITDA (4x–8x for UAE industrial), DCF, and Plant & Machinery NAV. Order book and contract backlog quality are key value drivers. Includes plant and equipment valuation per IAS 16.
Specialist valuation for UAE construction contractors and EPC companies, backlog-adjusted EBITDA, work-in-progress quality review, contract margin analysis, and subcontractor dependency assessment.
Buy-side advisory for corporates, conglomerates, and PE acquiring UAE manufacturing or construction businesses, target identification, asset and equipment verification, order book due diligence, and deal structuring.
Revenue recognition review (percentage-of-completion under IFRS 15), WIP margin assessment, backlog quality, subcontractor liability exposure, and working capital normalisation for construction businesses.
Standalone valuation of manufacturing plant, production lines, and industrial equipment, per IVS and IAS 16, for M&A (IFRS 3 PPA), insurance, banking, liquidation, and UAE corporate tax asset register purposes.
Industrial and construction deals in the UAE have structural, regulatory, and accounting complexities that a generalist M&A advisor will miss.
For UAE construction and EPC businesses, the order book (signed contracts, not pipeline) is the primary value driver. A business with AED 200M in signed backlog at demonstrable margin is fundamentally different from one with AED 200M in tender pipeline.
UAE contractors must hold an appropriate grade with the relevant municipal authority, determining project size eligibility. Higher-grade licences carry a premium in M&A because of the time and track record required to achieve them.
The AED 300B manufacturing target by 2031 is driving government procurement toward UAE-manufactured goods and support for industrial free zones (KIZAD, KEZAD, Sharjah), creating a favourable M&A backdrop.
Construction financials using IFRS 15 percentage-of-completion vary based on management judgment on project margin and completion. Acquirers spend more time on WIP quality than almost any other due diligence area.
Mechanical, electrical, and plumbing contractors trade at a premium to general contractors due to specialised skills, higher barriers to entry, and more predictable revenue from large commercial and infrastructure projects.
Manufacturing businesses with significant fixed assets require combined enterprise and asset valuation, plant and machinery may be worth more or less than book value, directly affecting NAV-based valuation.
CFA-led M&A advisory and independent valuation for UAE manufacturers, EPC contractors, MEP companies, and construction businesses. Fixed fee. Order book, backlog, and plant & machinery expertise included.