UAE sees brighter long-term prospects

UAE sees brighter long-term prospects
Published: 03 July 2012

Tagged Under: UAE 

The long-term prospects for the UAE cement industry are bright due to growth in investment in infrastructure in the UAE, GCC and key foreign markets, the latest study by Dubai Chamber of Commerce and Industry finds.

The UAE has the potential to become the major provider of cement to the Middle East and North Africa (MENA) region and beyond when taking into account the lucrative opportunities that exist.

The study, which is based on the Business Monitor International (BMI) UAE Infrastructure report for Q1 2012, finds that given the historic importance of construction projects in the UAE and the GCC, the cement industry has acquired increased prominence as an important industry with growing demand.
Furthermore, this is also an industry that can be expected to become more important in the future as demand for building materials increases in-line with plans for infrastructure spending in the UAE and the rest of the GCC region.