Great demand for furniture and building materials in UAE

The UAE’s market demand for building materials and home products is increasing with the number of hotel projects to be launched. Many newly-built hotels began renovations, and some of the existing hotels are also undergoing renovations to improve their competitiveness. Therefore, the demand for building materials, furniture and other products has greatly increased.

Hugo.com learned from the report of Gulf News in the United Arab Emirates on May 20th that the Dubai Deputy Chief and Economic Minister stated that since the economic crisis in 2008, various economic sectors in Dubai have indeed suffered some negative impacts, but recently, Dubai’s infrastructure construction, The support of the government and the needs of the people showed a trend of recovery. The economic growth and development of Dubai and other member countries of the GCC is ahead of many countries in the world.

Al Aqili Furnishing, a furniture company headquartered in the UAE, stated that in 2013, the furniture market demand increased by 20% to 30% over the same period of last year.

This year, the hotel and furniture industry has shown good growth. Many new hotels began to be renovated, and some existing hotels have also undergone major renovations to improve their business competitiveness. For local furniture companies, the demand for hotels is huge and it is an important target market for all kinds of furniture products.

Hugo.com learned that in 2013, the total amount of various types of project contracts in the Gulf countries will reach 1.35 trillion U.S. dollars, which is much higher than the 730 billion U.S. dollars in 2012. These projects are distributed in energy, hydropower, mining, tourism, housing construction and transportation. And other fields. Among them, the UAE's total contracted projects in 2013 will reach more than 350 billion U.S. dollars.

Hugo.com believes that the demand for construction and decoration materials such as steel bars, cement, tiles, toiletries and curtains will usher in a new climax when a large number of projects are launched. Some of the projects that have been contracted by Middle Eastern countries are undertaken by Chinese construction companies. A substantial portion of the construction materials used by these Chinese contracting companies are imported from China. Therefore, it can be said that the booming construction market in the Middle East will directly or indirectly stimulate the export of China's building materials.