MARKETS

WHY SAUDI ARABIA, UNITED ARAB EMIRATES AND QATAR.

Saudi Arabia, the United Arab Emirates and Qatar offer European companies unlimited development opportunities, both in terms of participation in the preparation of projects and long-term trade. It should be emphasized that this direction of development is intensively sponsored by the Polish government. Each country has a lot to offer Polish companies, mainly Saudi Arabia, which belongs to the group of the richest countries in the world – G20, which boasts the highest GDP in the world, Qatar and the United Arab Emirates from Dubai is the center of world trade and finance. According to the GCC Project Market Outlook report released by MEED this year, GCC projects worth nearly $ 2.47 trillion are planned and not awarded in the GCC. Saudi Arabia $ 1.34 trillion projects, planned or ongoing, are including the $ 500 billion NEOM Giga project, $700 billion Abu Dhabi Economic Vision 2030 and Dubai 2040 Urban. According to Qatar National Vision 2030, the country is set to award planned projects worth an estimated $ 85 billion in the coming years. The New vision in KSA 2030 and the government’s directions to expand projects and infrastructure on most sectors in KSA has given a strong boost to the construction sector in particular the real estate sector & entertainment. This will enhance & encourage the expansion in the field of building materials which will allow it to become the Ideal choice for consumer Customers, Contractors & Traders by providing best choices of building material products. Investment in the real estate sector targets to increase Saudi home ownership to 70% by 2030.  Over 2019-2030 the number of houses is expected to rise by 16.1% to reach 3.9Mn and 17.2% for apartments to reach 3.0Mn. Kingdom of Saudi Arabia unveiled a program worth more than USD 426Bn infrastructure investment by 2030 including investments in railways, airports and industrial projects. The KSA population is expected to increase from 32.9Mn in 2017 to 39.5Mn in 2030 (+19.9%). Riyadh is the largest city with a population of 6.6Mn in 2017. Its size is expected to increase by 25.4% between 2017-2030 to reach 8.3Mn and account for nearly a quarter of the urban population. Its population will be the fastest growing out of the 10 major cities in the country. KSA’s five largest cities (Riyadh, Jeddah, Mecca, Medina and Dammam) will all have populations in excess of one million by 2030. The urban population is expected to expand by 23.2% between 2017 and 2030 to reach 33.9Mn. This will account for 85.9% of the total population by 2030.