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[July 2009]
4th MidEast CemenTrade Meets in Abu Dhabi in October
The 4th MidEast CemenTrade summit convenes on 12-13 October 2009 in Abu Dhabi's Millennium Hotel to map the outlook for the cement and construction industry in the GCC within the context of the global financial crisis. The conference will also explore strategies adopted by key regional cement producers and construction industry majors to stay competitive.
‘Commodity Online’ reported in April 2009: "The need for housing and continued government investments in infrastructure development in emerging economies will drive the global demand for cement”. Nestled between the emerging markets of Africa and traditional markets of Asia, the Middle East is a pivotal trading route for both meeting cement demand and soaking in supply in the region.
The need for housing and continued government investments in infrastructure development in emerging economies will drive the global demand for cement and according to the organisers the total value of real estate projects under construction in the GCC stands at over US$2.39 trillion.
Despite the global slowdown, momentum in the GCC & Levant region is still being funnelled by multibillion dollar stimulus packages and real estate investments. The 4th MidEast CemenTrade presents critical insights and market intelligence on emerging trends and trade flows in the region's cement, concrete and construction industries. The conference will also explore the implications and impact of these key developments on global cement demand and supply.
The organisers said the event would be of strategic importance to the cement, concrete and construction industry in the Middle East where participation, support and insights from key stakeholders in the region's cement sector will alter the course of the industry in the months ahead.
ENDS