In January 2017, BNC, Middle East Stone's Intelligence Partner, reported over 10,000 active urban construction projects that are valued at US$ 749.5 billion across key industries including urban construction, transport, utilities and industrial projects. With these projects underway, the demand for contract flooring products and technologies is increasing and facilitating more business opportunities for the contract business market in the United Arab Emirates.
A quick review on the GCC urban construction overview:
And much more other urban construction projects..
UAE constitutes 50% of the number of active projects in the GCC. In dollar terms, these projects account for 34% of the total estimated value of all active projects in the GCC. In January, there has been an increase of 1% in both number and value of projects in the UAE as compared to December 2016.
This comes as good news to those involved in the supply and distribution of stone, marble and ceramics materials and Middle East Stone has been designed to connect the key buyers in this active project market with the suppliers of the latest technologies available to them.