20-21 Sep, 2010 - Dead Sea, Jordan, JORDAN
Movenpick Resort & Spa Dead Sea
Movenpick Resort & Spa Dead Sea
Despite the credit crisis wave that halted major real estate activity and construction projects, the GCC cement sector enjoyed a strong 2009. In fact an editorial in Emirates Business 24/7 reported that GCC cement companies came out robust, and announced a 6.5 per cent increase in profits, from $1.4bn in 2008 to $1.5bn in 2009.
A new wave of infrastructure projects is set to generate significant demand for cement producers in 2010. Construction contracts awarded in the GCC increased 11.4% to reach $142.4 billion in 2009. In January 2010, the Kuwait Assembly approved a five-year $125bn development plan, to be implemented in April 2010. In Saudi Arabia, HSBC estimates that cement sales will rise by 22 per cent, backed by infrastructure development fuelled by the Saudi Government’s plans to spend over $400bn on infrastructure over the next five years.
Yet, despite the growing demand, concerns over oversupply and possible M&A activity have persisted and raised these questions: Will the industry's consolidation be local or regional? Will it create economies of scale through consolidated market share, buying power and cost savings from business streamlining?
The 5th Middle East CemenTrade conference, meeting in Dead Sea- JORDAN on 20-21 September 2010 will highlight the abovementioned critical issues, as well as share market intelligence. Discussions will address:
And many more!
Those keen to participate as delegates, media partners and sponsors can submit their enquiries and proposals to Ms. Grace Oh at grace@cmtsp.com.sg.
