Middle East Stone is your gateway to a US$5 billion stone procurement market
The GCC stone market appears to be growing at a steady pace due to the high volume of construction activities in the region. As per the BNC Project Intelligence, there are an estimated 20,885 active construction projects in the GCC, of which approximately 50% are in the United Arab Emirates. The high number of construction projects is driving the demand for stone materials.
KEY INDUSTRY STATS & GROWTH DRIVERS
- The GCC stone market is worth over USD 5 billion and constitutes approximately 20% of the global demand in the stone market and stone import value of 178.6 million sqm
- Construction projects across the GCC, valued US$76.94bn in 2017, drive the demand for natural stone, tiles, marble, granite and ceramic products. Major construction activities appear to be in the United Arab Emirates and Saudi Arabia, both of which constitute approximately 70% of all construction projects in the region
- The Middle East flooring market is primed for growth due to the high volume of urban construction projects in the GCC. The urban construction sector has approximately 16,411 active projects which account for nearly 80% of all construction activities in the region
BNC Project Intelligence, the official knowledge partner of Middle East Stone, provides you with valuable market insights on the increasing demand for high-quality natural stone products from the 20,000+ active construction projects in the GCC region. If this is your marketplace - then Middle East Stone is your show!
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