UNITED ARAB EMIRATES PAINT SECTOR FEATURE
September 1st, 2006
BY PAUL COCHRANE, in Beirut
WITH the United Arab Emirates (UAE) in the midst of an unprecedented construction boom, the paint sector is flourishing with contracts of up to half a million dollars underway, 200% growth in fire-resistance paints, and over 16% growth predicted for the sector as a whole this year.
The oil-rich Emirates - as have neighbouring Gulf countries and Saudi Arabia - has invested billions of dollars in the past five years in mega-projects, shopping malls and housing projects due to high liquidity, a growing and more diversified economy, and ...
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