Growth in steel, metal and building material trade showcases GCC’s robust momentum in infrastructure investment

In spite of the macro economic conditions prevailing in the European region, GCC has infused significant capital investments in the construction and infrastructure sector to diversify from its Oil and Gas based economy.

This is expected to result in significant improvements in the per- capita consumption of major materials like steel, surpassing the consumption of other major nations’ globally.

According to Frost & Sullivan, economic cities planned in the Kingdom of Saudi Arabia and the construction activities leading to the FIFA World Cup 2022 in Qatar will generate majority of the anticipated growth in double digits for products such as structural steel, building material products like concrete blocks, pavement bricks, gypsum boards etc.

 

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Article by Links Group on Dec 13th 2011
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