MIDDLE EAST PAINT MARKET KNOCKED BY CONTINUING DISPRUPTION OF ARAB SPRING
November 1st, 2012
BY PAUL COCHRANE, IN BEIRUT
THE UPRISINGS in the Middle East and North Africa (MENA) over the past two years have had a negative impact on the construction and paint sectors, throwing a proverbial spanner in the works when the region was striving to come out of recession. Only the more affluent Gulf Cooperation Council (GCC) countries are witnessing more steady demand, but numerous projects are still on hold due to regional instability.
"Just when you thought there was liberation, instability started creeping in all over again," said Sunil Gudur, ...
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