Mideast hungry for building materials

Date: 20 December 2010

The Middle East market is becoming a new and promising destination for local construction material producers to explore in the coming years.

Head of the African, West and South Asia Markets Department under the Industry and Trade Ministry, Ly Quoc Hung, said the industry was booming in the Middle East as governments target infrastructure development.

During the 2009-10 period, the construction projects in this market totalled US$3 trillion and it is estimated that its infrastructure development projects would grow 5.4 per cent annually over the next five years, compared to the global growth of 5.2 per cent.

“This sounds very promising for our producers since almost all of the materials used for these projects must be imported,” Hung said.

The latest figure from the Construction Ministry show-ed that despite a production capacity that far exceeds domestic demand, the industry has not yet reached $500 million a year in exports.

For example, cement production increased from 24.1 million tonnes in 2005 to 51 million tonnes this year. Glass production in 2005 was 80 million square metres but was estimated to increase to 142 million square metres this year.*

Read the full story bellow.

600450 Mideast hungry for building materials glassonweb.com

See more news about:

Others also read

Safti First, San Francisco, leading manufacturer of fire rated glass and framing solutions, is proud to announce the release of the mySAFTI app, an interactive design tool that takes the guesswork out of choosing the correct fire rated glass product.
We look forward to working with you in the New Year and assisting you in any way that we can to ensure the continual success of your business!Best wishes for a Happy Holiday Season and our sincere thanksfor your support and goodwill throughout the year!We will come back with fresh news on January 3, 2011.
Company signs an exclusive license with Kelowna Motors, a well-established and highly reputable British Columbia- based MAZDA Dealer Diamon-Fusion International, Inc. (DFI Nanotechnology), global developer and exclusive licensor of patented hydrophobic nanotechnologies, announced today it has signed an exclusive license with Kelowna Motors, a well-established and highly reputable British Columbia-based MAZDA dealer, according to Guillermo Seta, corporate vice president and executive director.
The National Fenestration Rating Council (NFRC) announced that Steve Johnson, John McFee, and Joe Jonely will serve as committee chairs for the ratings, accreditation and certification policy committees respectively.
Top Gear Live is a live arena show of the award winning TV program Top Gear. The live show features breath-taking stunts, remarkable special effects and epic driving sequences.
The lens is what matters: if lens arrays could be made of glass, it would be possible to make more conveniently sized projectors.

Add new comment