Kuwait Construction Sector Estimated To Be Worth US$ 6.6 Billlion In 2022

Online, April 4, 2013 (Newswire.com) - The construction industry in the Middle East has gained fresh impetus thanks to continuing investments by governments around the region in large infrastructure projects.

According to a report by research firm Business Monitor International, Kuwait's construction industry continues to post improved year-on-year growth and the industry is expected to be worth US$ 6.6 billion by 2022, more than doubling its current value with forecast of a 3.6% year on year growth.

"The creation of new infrastructure and the construction industry as a whole is an industry of immense significance to the regional economy," said Ahmed Pauwels, CEO of Epoc Messe Frankfurt. "Hardware+Tools Middle East aims to help direct the flow of renewed interest in the region from international industry majors to the appropriate clientele in the regional market.

"Hardware+Tools Middle East is a credible business development vehicle across the region," said Nasser Khatib, of Einhell Middle East, who will be showcasing their range of hand tools and power tools which are in demand for con-struction. "We hope to strengthen our presence in the wider market and build on the current popularity of our range. We also hope to learn more about the particular needs unique to this region," he added.

The Machinery segment includes cleaning, moulding, drilling, cutting, welding and soldering products as well as safety products, components & parts, automation & robotics, design software, CNC routing and lathes. The Hardware category features door, window & furniture hardware, locks & accessories, consumables, abrasives, adhesives, anchors, fasteners, fittings, lacquers & varnishes, nails & rivets, paints & painting products, sealants, screws, nuts etc. In the Materials segment one can view aluminium, doors, windows & gates, floors & flooring, ladders, scaffolding, lifts, metal, iron & steel materials and plastic, rubber & wood materials.

ENDS

* Kuwait Infrastructure Report, Q2 2013, Business Monitor International

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