Cement demand in UAE to touch 26Mt by 2011

Cement demand in UAE to touch 26Mt by 2011
31 March 2008

Demand for cement in the United Arab Emirates (UAE) is likely to touch 26.2Mt by 2011, a local investment bank has predicted. “The most important driver for cement consumption anywhere in the world is infrastructure and real estate development,” Hassan Awan, investment research associate at The National Investor (TNI), told the Gulf News.

“Real estate development is at its historical peak in the UAE and with extravagant projects in the pipeline, the demand is expected to be very strong in the future,” he said.

According to TNI, large developments in Abu Dhabi like Yas Island, Reem Island and Sadiyaat Island together with projects in other emirates in this Gulf nation mean the demand for construction materials in the region will continue to grow.

Published under Cement News