Report ID: SQMIR20C2092
Report ID:
SQMIR20C2092 |
Region:
Regional |
Published Date: February, 2024
Pages:
225
|
Tables:
118 |
Figures:
77
Saudi Arabia dominated the GCC Pre-Engineered Buildings Market with a market valuation of approximately 2.8 billion in 2021. During the forecast period, the market in Saudi Arabia is anticipated to rise as a result of factors like expanding building activities, need for inexpensive housing, societal change, and a desire to provide the populace with access to more plentiful and higher-quality housing. Additionally, the growing practise of housing migrant blue-collar workers engaged in active industrial and construction projects is anticipated to increase demand for modular construction during the course of the projection period.
United Arab Emirates market is anticipated to grow at a substantial rate during the forecast period. One of the major factors boosting the demand for prefabricated buildings in the UAE is the increased use of modern construction techniques to cut down on time and the rise in unskilled personnel. Additionally, employing these solutions reduces pollutants and construction waste, as well as human error and project costs overall. Given the certain infrastructure development initiatives, the UAE construction and development business is anticipated to be a thriving sector over the projection period. Due to this circumstance, the pre-engineered buildings market is guaranteed for the anticipated period. In addition to this, the UAE government launched a number of development initiatives as part of a long-term strategy for the emirate's economic growth. Prefabricated buildings are expected to become more popular as a result of this initiative as robust infrastructure is built all around the nation.
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Report ID: SQMIR20C2092