Demand for concrete is set to reach $49bn across the GCC over the next two years, with Saudi Arabia taking the bulk of this share, according to an industry forecast.Demand for concrete in the Kingdom is set to reach over $30.5bn through 2014 and 2015. The UAE follows with an estimated requirement of $4bn while Qatar and Kuwait will also be active in the market.
The figures were provided by organisers of Middle East Concrete – an industry exhibition which takes place as part of the annual Big 5 international construction trade show at Dubai World Trade Centre from 25-28 November.
The industry says it wants to promote more sustainable building methods and will highlighting the issue at a seminar at the event.Ihab Bassiouni, UAE country manager for Grey Matters, said: “As demand increases, so does competition, and it is important that the industry keeps ahead of the latest trends and developments.”
Laith Haboubi, Middle East and India commercial director at Grace Construction Products, said: “Middle East Concrete provides a perfect platform to share and showcase advances in concrete technology to the region’s concrete stakeholders, such as engineers and architects, many of whom may not have had the opportunity previously to have experience with such systems as macro-fibre reinforcement and the latest in pre-applied waterproofing systems.”
Nathan Waugh, Middle East Concrete event director,said: “Now in its third year, MEC continues to respond to visitor demand by expanding its educational programme.“More companies than ever are coming forward to present their own findings and research on best practice solutions for a variety of issues including sustainability, maintenance, and new technologies.”
No.of Reads (322)