SAUDI ARABIA’S PAINT SECTOR ESCAPES GULF RECESSION MALAISE
May 1st, 2010
BY PAUL COCHRANE
THE KINGDOM of Saudi Arabia's USD$1 billion paint sector market is projected to return to double-digit growth this year on the back of massive government spending, following static growth in 2009 in the wake of the global financial crisis.
"The sector experienced a limited amount of slowdown in the first quarter of 2009, based on the oil price slump and the knock-on effect of recession from Europe and the United States. We entered a period of project slowdown but that has been relatively short lived," said Ian R. McCahill, protective ...
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