Growth in the Middle East Cement Industry Triggers Increased Operational Risk

Published: Nov, 2016 in World Cement

Demand for cement in the Middle East continues to grow as transport, major construction projects and general development infrastructure projects consume large volumes of cement industry product. The recent 2015-2019 Gulf cement outlook market analysis cites a rise in population, increased numbers of tourists, demand for affordable housing, and the development of new cities as some of the factors that are likely to propel market growth in the next five years. Greater investment in the transportation sector is another major driving force behind growth in this market. Due to the current increase in tourism, governments in this region are investing heavily in public transit systems, such as Qatar which is preparing for the 2022 World Cup. The construction of new railway networks, seaports, and airports is therefore expected to spur demand for cement in the region over the coming years.