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GCC façades market looks at sustainability; set for 50.7% growth

Enlarge Font  Decrease Font Released Date:2018-07-20   From:http://www.glassonline.com/sit   View Time:444
 

In 2025, the total value of façades projects in KSA, UAE, Kuwait, Oman and Bahrain will exceed USD 10.7 billion, with an additional USD 10.2 billion accounted for windows and doors only.

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Preparations for the Dubai Expo Windows Doors & Façades Event are fuelling new urban development projects
Preparations for the Dubai Expo Windows Doors & Façades Event are fuelling new urban development projects across the Emirate. The drive, a report shows, will continue boosting the windows, doors and façades industry well beyond 2020, and well beyond expectations.
The value of new façades projects will grow by 50.7% between 2017 and 2025 across the United Arab Emirates, Saudi Arabia, Kuwait, Bahrain and Oman, according to a study conducted by Grand View Research (a US-based market research and consulting company) for the Windows Doors & Façades Event (WDF).
The report, released in the lead up to the third edition of Middle East’s largest dedicated platform for the windows, doors and façades industry, provides a comprehensive analysis of the market outlook and its major trends. 
“Construction in the GCC region is not new to growth rates that are above the world average. However, the forecast for the next seven years is extraordinary. It shows a tremendous potential for all the players of the windows, doors and façades industry,” comments Rebecca Lockwood, Event Director of WDF.
In 2025, the total value of façades projects in KSA, UAE, Kuwait, Oman and Bahrain will exceed USD 10.7 billion, with an additional USD 10.2 billion accounted for windows and doors only. 
Saudi Arabia tops the list of best performing markets, with a 6.8% CAGR, and façades projects expected to reach a value of USD 5.9 billion by 2025. In the UAE, the façades projects, valued USD 2.3 billion in 201...
 
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