Dubai Danube, the UAE’s biggest building
materials supplier, has expanded in the emerging markets of Africa with a
footprint in Libya and Kenya – that will help the Dubai-based company
tap greater opportunities in these markets while offering consumers and
businesses in these feeder markets a slice of Dubai’s successes.
As the African market is set
for a rebound following the Arab Spring, the construction industry is
gaining momentum across the region with the demand for building
materials being given a much-needed lift to Africa’s materials
manufacturing sector.
Global construction will grow
by 67 percent from $7.2 trillion (Dh26.4 trillion) to $12 trillion
annually by 2020. Of this, the Middle East and African regions are
expected to outpace the global growth rate, according to a new report
sponsored by PwC and carried out by Global Construction Perspectives and
Oxford Economics which the new leadership of the African continent are
determined to benefit from.
Libya has huge potential to
become a role model for other Arab nations considering the steady
recovery it experienced following the Arab Spring. As it is recovering,
Libya is experiencing a surge in demand across all economic sectors
providing golden opportunities for investors. Additionally, a report
from Kenya National Bureau of Statistics (KNBS) stated that, the economy
of Kenya grew by 4.9 percent in the first quarter of 2011 due to the
improved productivity in the construction industry.
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