Booming Middle East economy drives coatings demand

“Jotun Paints achieves 12% increase in sales for 1st half 2007 in Saudi Arabia…The company has also recently announced plans to increase the capacity of its manufacturing plants from the current production of 50 mil litres/yr in Jeddah & Yanbu to satisfy the demand for paint in Saudi Arabia, which is growing at a rate of 6 % per annum" 27/10/07, AME Info

The construction boom in the Middle East has driven the demand for coatings to an unprecedented level. The demand for superior coatings able to withstand the harsh Middle Eastern climate as well as meeting international specification has increased. This is due to the number of new projects in the region introducing innovative building structure by renowned architect & also increased quantity of industrial projects.
 
Will we see more coatings producers setting up plants in the Middle East? Currently most of the coatings raw materials are imported, how soon will the raw materials suppliers follow the footstep of their customers to start investment in the region? What are the plans of local raw materials producers?

The Middle East paint market is mainly dominated by UAE & Saudi Arabia in terms of size, with Qatar emerging as the fastest growing market in the region. How soon will the other region catch up in terms of demand? Will Middle East be the gateway to penetrate the growing market of Africa? How big is the demand & what are the types of coatings in demand there?

CMT’s 2nd MENA Coatings Markets Conference will bring together leading industry experts to share the latest development and market potentials. Some of the issues include :

• How is the industry developing?
• Market entry strategy & challenges
• Challenges of  setting up production facilities in the Middle East
• Country focus session & project update : Saudi Arabia, UAE, Yemen, Egypt, S.Africa
• Growth prospect for Automotive, Coil, Decorative, Marine, Protective coatings
• Raw materials supply & availability in the region
• Distribution & logistical consideration

Don’t hesitate! Sign up with your team today at www.cmtevents.com for the latest insights & expand your networks in a booming marketplace. For more information, contact sasha@cmtsp.com.sg.

YOU WILL NETWORK WITH:
• CEOs • MDs • Directors and Managers in Marketing & Sales • Business Development • Production • Distribution • Technical • Product Development • R&D from Paint & Coatings Manufacturers/Traders, Raw Materials Producers/Traders, Chemicals & Additives Suppliers, Machinery Providers, Logistics & Supply Chain Management Companies, Application Equipment, Fabricators, End-users.