The Kingdom of Saudi Arabia has become one of the favorite destinations for steel majors due to soaring steel demand and thriving construction sector. According to a new research report by RNCOS, Saudi Arabia represents one of the largest steel industries in the GCC region. The nation has been making concrete efforts to develop its steel sector. With huge money being invested into construction and infrastructure projects, the steel consumption in the Kingdom is anticipated to grow at a CAGR of 20.5% during 2012-2015.
Research Analysis & Highlights
The report, “Saudi Arabia Steel Industry Forecast to 2013” by RNCOS, is spread over 55 pages and provides an exhaustive research and rational analysis of information on consumption, production and trade of steel and steel products in Saudi Arabia. The forecasts on steel consumption and production have also been included in the study, which further presents the future outlook for the construction spending in Saudi Arabia and the GCC countries during 2012-2015. The analysis of the regulatory environment along with the recent industry developments has been included in the research report to provide a balanced outlook on the potentials of the Saudi Arabian steel industry.
Some of the key findings of the report are:
- Rising focus on infrastructure projects in Saudi Arabia.
- Steel industry in Saudi Arabia is highly import-oriented.
- Steel production will post an impressive CAGR of around 9% during 2012-2015.
- Railway projects will increase the Kingdom’s appetite for steel in the coming years.
Some of our related reports are:
Check Related REPORTS on: http://www.rncos.com/Metal.htm