![GCC Structural Steel Fabrication Market](https://res.cloudinary.com/devmoveo/image/upload/v1706010467/skyquest/report/phpFffqDj.jpg)
Report ID: SQMIR15O2028
Report ID:
SQMIR15O2028 |
Region:
Regional |
Published Date: February, 2024
Pages:
272
|
Tables:
73 |
Figures:
75
GCC countries are expected to grow at enormous CAGR during the forecast period. One major driving factor in the growth is an increase in the proposal of infrastructure projects and steel consumption, as well as an increase in construction activities in the GCC region. For example, Saudi Arabia is expected to have a significant market for structural steel fabrication among GCC countries, followed by the UAE. There has been significant investment in infrastructure development, projects, and waterfront city construction in Kuwait, Qatar, and Bahrain's Diyar Al Muharraq.
Furthermore, growing population in the GCC region has shifted the emphasis to environmentally friendly constructions. The demand for prefabricated buildings is increasing because they are more environmentally friendly and affordable than conventionally constructed buildings, and they also produce no on-site waste. The expansion of the tourism industry as a result of the evolution of infrastructure activities has created a demand for prefabricated buildings in the region, particularly in the UAE and Saudi Arabia.
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Report ID: SQMIR15O2028