Thursday, Nov 17, 2011
Dubai New project awards are starting to emerge from the project pipeline in Saudi Arabia, helped by the kingdom’s twin emphasis on social housing and mega-sized industrial clusters. “I think that the amount of construction in Saudi Arabia is rather relevant seeing the rest of the GCC countries,” said a spokesman for Nesite, an Italian company specialising in raised floorings.
Construction activity in the UAE has taken a dip, and especially in the wake of Abu Dhabi’s recent announcement to scale down some of its large-scale and long-term developments. But the cautious approach is not readily apparent in Saudi Arabia’s construction sector.
“We were expecting a faster growth for Abu Dhabi, but our feeling is that we still have to wait a little longer before seeing projects taking a spike.”
The company recently won a $10.5 million order from Saudi Arabia to provide its flooring solutions for phase one of the mammoth $667 million Information Technology and Communications Complex (ITCC) being developed by the Rayadah Investment Company in Riyadh. It will be the biggest tech-specific complex in the kingdom.
Design infrastructure
“We will complete the [flooring] project by the end of May 2012 and Saudi Arabia is definitely our biggest market for 2011 and 2012,” the spokesman added. Nesite, part of Transpack Group Service, has a production facility in Sharjah’s Hamriyah Free Zone since 2009 to add to the one in Italy.
By Manoj Nair?Associate Editor
Gulf News 2011. All rights reserved.
