Dubai Event Addresses Booming Market
DUBAI, UAE –The value of ongoing urban construction projects across the nations of the Gulf Cooperation Council (GCC) recently shot past the $1 trillion mark – a boon for Middle East Stone, the UAE’s leading dedicated stone event.
Click picture to enlargeNow in its third year, Middle East Stone will unite the world’s most influential natural stone, marble and granite exporter’s trade groups in the world in Dubai this May as the key decision makers from the Middle East/North Africa (MENA) stone community hunt for materials required for the mammoth 16,405 builds currently underway acros sthe GCC.
New research commissioned by Middle East Stone and compiled by data analysts BNC found that those projects are worth a combined $1.09 trillion. Buildings and sprawling urban development account for more than half of that sum, valued at a combined $745.1 billion.
Across the GCC more than 12,200 buildings are under construction. A massive 204 urban megaprojects are also underway.
The GCC is currently responsible for 92% of all stone-heavy urban construction projects across the whole of the Middle East and North Africa, accounting for 80% of the total value of all builds.
That demand has prompted Middle East Stone – the UAE’s premier business, learning and networking platform for stone professionals – to gather key suppliers from the world’s top stone exporting nations to meet with the leading decision makers responsible for theGCC’s gargantuan catalogue of ongoing construction projects.
Exhibitors from 25 countries including Italy, Brazil, Turkey, the United States, Canada, India, Iran, Portugal, Greece, China, UAE and Spain will gather under the themeBring Stone to Life, where the focus will be on innovative stone design for the likes of façades, cladding, pavements and flooring.
“Breaking through the $1trillion mark may be the most obvious indication yet of just exactly how booming the construction market remains to be across the GCC,” said Yan Wang, Middle East Stone event director.
“To have that scale of investment – across more than 16,000 infrastructure, hospitality, healthcare, retail and educational projects – is unprecedented. These builds rely on the world’s best stone, and Middle East Stone will provide those direct links and facilitate international business.
“The United Arab Emirates alone is the third largest importer of stone in the world, demonstrating again the nation’s huge potential for further growth.”
A multi-faceted event, Middle East Stone is now in its third year. Local and international suppliers will attendthe four-day event as well as suppliers bringing many exotic stones to the UAE for the first time ever.As well as lucrative business opportunities, the exhibition will also offer CPD accredited free to attend knowledge and learning sessions, where the emphasis will be placed on case studies, industry insights, technical and architectural processes as well as workshops tailored specifically for exhibitors on how to trade in the GCC.
For more Information onand how to register to attend the events for free, go to https://www.middleeaststone.com/
