UAE PAINT SECTOR STILL ROBUST – BUT LOW OIL PRICES LEAVES IT RELYING MORE ON MAINTENANCE THAN NEW BUILDS
January 1st, 2017
THE UNITED Arab Emirates (UAE) has managed to ride out the economic and political instability that has afflicted much of the Middle East since the onset of the Arab Spring, but low oil prices have impacted the paint sector, with fewer mega developments and infrastructure projects in the pipeline than several years ago. Government budgets have also been tightened, real estate prices have dropped, and payment terms are tough, making for a challenging operating environment for coatings companies.
“The paint sector is at a standstill, in fact it dipped a little in ...
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