SAUDI ARABIA’S MEGA DEVELOPMENT PROJECTS BECKON HUGE PAINT SALES – BUT SUPPLIERS AWAIT COATINGS TENDERSSAUDI ARABIA’S MEGA DEVELOPMENT PROJECTS BECKON HUGE PAINT SALES – BUT SUPPLIERS AWAIT COATINGS TENDERS
January 22nd, 2023
The paint markets of the Gulf region’s two largest economies, Saudi Arabia and the United Arab Emirates (UAE), have rebounded since the Covid-19 pandemic and are slated for growth, driven by major investments in real estate and infrastructure projects.
“Over the past 18 months, we have seen a flat and slightly declining paint markets in the region. The general trend indicates, however, that markets in the region have been recovering since Covid-19,” said Steen Niemann Madsen, executive vice president, head of energy and infrastructure at Hempel, in ...
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