Construction Industry News

The UAE Cement Sector – Positive Outlook amid Oversupply

The UAE Cement Sector – Positive Outlook amid Oversupply

16th July 2013

Picture1Cement demand is mainly driven by construction projects, particularly in building, infrastructure and marine sectors. In terms of supply, the market is over saturated mainly due to capacity additions following the construction peak of 2008.  Equiped with large capacities, and faced with conservative local demand, local cement factories had no choice but to start exporting their excess production to surrounding markets such as Kuwait, Bahrain and Oman. Competition in those markets however, was getting stiffer with Oman developing its own cement capacity, and Saudi Arabia flooding the GCC market with its immense cement production.[..]

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