GCC PAINT MARKET AND INDUSTRY HEALTHY – BUT INFRASTRUCTURE PROJECT DELAYS MAKE GROWTH UNEVEN
December 8th, 2013
PAINT manufacturers have been expecting a major boost to business following the economic stimulus and infrastructure investment projects launched by Gulf governments over the past few years. But projects have not materialised to the degree expected, and while the USD2.26 billion Gulf paint and coating market is still flourishing, it is not meeting expectations.Following the uprisings in several Arab countries, the Gulf Cooperation Council (GCC) states (Kuwait, Saudi Arabia, Bahrain, Qatar, Oman and the United Arab Emirates - UAE) responded by announcing major ...
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