UAE Has Over USD 931 Billion Worth Of Construction Projects Underway In 2012
The UAE has the largest number of active projects in the Middle East, revealing over 1,248 projects worth USD 931 billion underway for 2012, according to a report from CPH World Media, a leading business research and intelligence firm. The report shows that the country has shifted from being a buyers market to a sellers market and has cited key factors like the liberal business environment, tax-free status and political stability of UAE as key drivers to the construction segment’s growth. Eyeing to play a major part in this forecasted growth, Rubber World Industries (RWI), the leading manufacturer of closed-cell rubber insulation ’Gulf-O-Flex’ in the Gulf and South East Asia, and part of the international business conglomerate, the Shaikhani Group of Companies, has announced its plans to position itself as a major provider of world class high quality rubber based building materials through the strategic move of expanding its trading division.
RWI expanded trading portfolio to help complement the growing number of projects in the UAE, ably positioning itself as a provider of world class high quality rubber based products for the country’s construction segment. New trading products to be launched as part of this strategic move will include rubber-based products like Aluminium Insulation tubes, Aluminium Insulation Sheet, Aluminium Insulation roll, Slitting tubes, Colour tubes and Foam tapes, PVC tapes, Flexible Duct insulated, Flexible Duct un-insulated.
“The Middle East and North African region’s construction industry is moving on the fast track in terms of new projects and the resumption of projects that were stalled by the recent economic downturn,” said Rizwan Shaikhani, Managing Director, RWI. “The UAE, in particular, has positioned itself as the country with the largest number of active construction projects in the region with over 1,248 new projects in 2012 amounting to over USD 931 billion. We are very eager to position ourselves as a major provider of world class rubber based building materials for these projects.”
The CPH World Media report further shows that the UAE figures globally at the top in terms of per-capita expenditure on construction and is relatively free of entry barriers. The UAE construction industry is witnessing a construction boom with Dubai and Abu Dhabi at the heart of this impressive expansion.
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