BGH works constantly to promote its member companies as well as to provide relevant information on the world market for natural stone. On this occasion, BGH presents the scenario of opportunities that the Middle East market offers, both for natural stone producers and for products and services suppliers.
Construction projects in progress or about to start in the Middle East region comprise, in terms of value, a total of more than 29 billion dollars. This sum promises a wide range of business possibilities for suppliers in the construction market in general and more specifically for the ornamental stone market.
Some of the mega projects expected in the region are the Expo 2020 and the FIFA World Cup 2022, in addition to approximately 20 thousand projects spread throughout the region, mainly in the United Arab Emirates with an approximate value of (US $ 11.5 billion), followed by Iraq ($ 10 billion), Saudi Arabia ($ 3.6 billion), Jordan ($ 3 billion), Kuwait ($ 1 billion), Oman ($ 100 million) and Qatar ($ 500 million).
The Middle East countries try to diversify their economies by promoting activities in markets such as construction as a strategy to reduce dependence on oil, a commodity so valued but at the same time volatile and a determining factor for these economies. BGH will continue working to promote its members in markets such as the Middle East, facilitating business and helping in the internationalization processes of Brazilian companies in the natural stone market.
Source: BNC and Middle Eats Stone