GCC spending on facades to grow to $12bn by 2024

 | July 20, 2016

undefinedundefinedThe pressure on the UAE and the rest of the GCC countries to focus on new low-energy architecture will increase over the next eight years as billions of dollars are ploughed into infrastructure development across the region, new research shows.

According to a regional market study issued today, spending on building exteriors will increase from $8bn this year to $12bn in 2024.

Accounting for 41.8% of the overall façades market last year, Saudi Arabia alone is estimated to grow to $5.5bn by 2024, up from $3bn this year.

Architects and developers need to prioritise lower heating and air conditioning costs to achieve energy efficiency, says the report which was commissioned by dmg events Middle East, Asia and Africa, organisers of the Windows, Doors and Façades trade exhibition launching in Dubai in September.

The study says significant growth in the GCC façades market will stem from a big rise in the number of construction, refurbishment and renovation projects driven by tourism and major events like the 2019 World Athletics Championships in Doha, Expo 2020 Dubai and the 2022 FIFA World Cup.

Issued by US-based market research and consulting specialists Grand View Research, it points to a major opportunity for architects, developers, and manufacturers who will assemble in force at Dubai World Trade Centre for the inaugural Windows, Doors & Façades event from 18-20 September.

The study estimates increased spending on façades in the other Gulf countries between this year and 2024 as follows: UAE - $2bn to $3bn; Qatar - $1bn to $2bn; Kuwait - $603mn to $825mn; Oman - $434mn to $535mn; and Bahrain - $226mn to $305mn.

“The key factor expected to drive the façades industry is the need to lower heating and air conditioning cost and achieve greater energy-efficiency," said Muhammed Kazi, Exhibition Director of Windows, Doors & Façades.

“Façades give buildings a superior look which is a big priority for corporate headquarters. But these impressive glass fronted buildings consume the highest energy and regulating their temperature is a big task.”

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