UAE Steel Industry Thriving Despite Recession

The global market research pioneer RNCOS, in its latest market research offering "UAE Steel Industry Analysis", has thoroughly analyzed steel industry market potentials in the UAE. Profound analysis and conceptual evaluation of the industry exhibited a fast growing market, which is showing phenomenal future growth prospects even in the post-recession testing scenario.

We have extensively studied the steel industry's historical and prevailing trends in the UAE and have acknowledged various critical factors leading to the industry's current and future developments. The report reveals that the most important steel consuming sector in the UAE is the construction sector. The country is at the forefront of the construction activity in the Gulf, with an anticipated expenditure of US$ 392 Billion during 2009-2010. On the ground of some concrete factors discussed thoroughly in the report, we expect construction sector to drive steel consumption in the country in coming years.

The report further highlights that the UAE has shown an encouraging trend on the steel import front. Steel imports registered double digit growth during last three years. However in coming years, imports are expected to come down when new capacities will come online, but the country will continue to be a net importer of steel, providing lucrative market opportunities for recession-effected major steel exporting nations.
 
Moreover, tremendous growth in the tourism sector has also significantly contributed the surging steel consumption in the country. The study states that Dubai alone will host around 15 Million tourists by 2015, and the number of hotels room will almost triple by the same time. Such a tremendous infrastructural growth in the tourism sector will trigger the growth of the domestic steel industry. Consequently, players expanding their production capacities proactively will be benefited the most.

Our report "UAE Steel Industry Analysis" provides thorough analysis and statistical information on the UAE steel industry to provide comprehensive market intelligence. A brief business overview of the key players in the industry has also been provided to acquaint clients with proper competitive landscape analysis.
 
For more information visit: http://www.rncos.com/Report/IM135.htm