Skip to main content

Market outlook of the cement market in the GCC

Published by
World Cement,


A market research analyst has estimated the cement market in the GCC to post a healthy market growth rate of more than 6% during the forecast period. The rise in population, increase in tourists, demand for affordable houses, and the development of new cities are some of the factors that are expected to propel market growth during the forecast period.

Augmented investments in the transportation sector is the major driving factor for the growth of this market. Due to the recent increase in tourism, the government in this region is planning to invest heavily in the public transit system. Consequently, the construction of new railway networks, seaports, and airports is expected to spur the demand for cement in this region during the forecast period.

Since the cement market is an integral part of the construction segment, growth in this sector will result in the growth of the cement market during the forecast period. This market is dominated by large vendors like Gulf Cement and Kuwait Cement and is characterized by intense competition among the established pure players.

Key vendors in this market are -

  • Gulf Cement
  • Kuwait Cement Company
  • Lafarge
  • Oman Cement Company
  • Qatar National Cement
  • Saudi Cement Company

Other prominent vendors are Al Safwa Cement, Aljabor Cement Industries, Eastern Province Cement, Fujairah Cement Industries, Jebel Ali Cement, Khalid Cement Industries Complex, Najran Cement, National Cement, Pioneer Cement, Ras al-Khaimah Cement, Southern Province Cement, Tabuk Cement, Teba Cement Factory, Yamama, and Yanbu Cement.

Segmentation by GCC countries and analysis of the cement market -

  • Saudi Arabia
  • UAE
  • Kuwait
  • Qatar
  • Oman
  • Bahrain

Edited from source by Joseph Green. Source: Research and Markets

Read the article online at: https://www.worldcement.com/africa-middle-east/08012016/market-outlook-cement-market-gcc-290/

You might also like

Optimisation 2019

Optimisation 2019

Optimisation 2019 is an online conference for professionals in the cement sector. Since this is a completely virtual conference, you can join us from anywhere in the world, absolutely free Register for free today »

 

GCCA sets out case for concrete

The GCCA has set out the case for concrete and future world resilience needs at the World Built Environment Forum Summit.

 
 

Embed article link: (copy the HTML code below):