According to the latest market analysis, the demand for ready mixed concrete, reinforcing steel and stone cladding is set to more than double by 2009 as real estate developments peak across the Arabian Gulf but tail off in 2010. Active civil building construction projects in the GCC countries are currently valued in excess of $1.8 trillion.

Bernard Walsh, MD, dmg world media Dubai, said, “The phenomenal scale of building right now places the Gulf at the centre of the world’s most concentrated construction boom. These detailed forecasts for the basic building blocks of the construction industry are reflected in similar levels of increasing demand for all kinds of materials, fixtures and fittings used in the industry”.

SOURCE: Gowealthy.com – Property News : Demand for steel and concrete to double due to major realty projects across GCC.

This entry was posted on Thursday, May 29th, 2008 at 2:46 pm.
Categories: Architecture, Development, Environment.

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