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FINANCIAL NEWS
UAE’s Jafza 2010’s building materials trade jumps 14%
12 Dec 2011
(MENAFN) UAE’s Jebel Ali Freezone Authority (Jafza) said that due to higher demand for re-exported materials, in 2010, trade for building materials for companies in Jafza jumped 14 percent, reported Gulf News.
The authority added that in the period, trade in iron, steel, cement, plaster, stone and other goods generated USD3.3 billion, compared with 2009’s USD2.9 billion.
It also said that demand would be expected to continue over the coming few years, as the GCC plans to invest USD3 trillion in the infrastructure, leisure and in the tourism sector by 2020.
It is worth noting that according to Ventures Middle East, market research specialists, the UAE, Saudi and Qatar represent 80 percent of the USD452 billion worth of infrastructure projects that are forecasted to enhance the GCC’s construction industry.
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