Building Bonanza in UAE Drives Up Material Needs

  • Date: 29-May-2024
  • Source: Arabian Post
  • Sector:Real Estate
  • Country:UAE
  • Who else needs to know?

Building Bonanza in UAE Drives Up Material Needs

Arabian Post -The United Arab Emirates (UAE) is experiencing a surge in construction activity, prompting a projected increase in demand for building materials. This boom is being fueled by several factors, including significant investments in infrastructure projects and new developments by property developers. Dubai, the UAE’s most populous city, is a prime example of this trend. A new terminal at Al Maktoum Airport, with a staggering investment of Dh128 […]

via Building Bonanza in UAE Drives Up Material NeedsArabian Post -

The United Arab Emirates (UAE) is experiencing a surge in construction activity, prompting a projected increase in demand for building materials. This boom is being fueled by several factors, including significant investments in infrastructure projects and new developments by property developers.

Dubai, the UAE’s most populous city, is a prime example of this trend. A new terminal at Al Maktoum Airport, with a staggering investment of Dh128 billion ($34. 8 billion), is under construction to boost passenger capacity to a whopping 260 million. This mega-project is just one of many that is driving demand for building materials.

Industry leaders are optimistic about the future. Emirates Steel Arkan, a major building materials supplier in the UAE, anticipates a sales growth of 5