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ME housing boom fuels garden equipment sales
Dubai
 

Buoyed by record oil prices and a booming construction industry worth over Dh3.6 trillion, the GCC states are creating unprecedented demand for landscaping design, garden equipments and outdoor living products, says a research by Epoc Messe Frankfurt.

Epoc Messe is the organiser of the Garden and Landscaping Middle East, which runs from May 25 to 27 in Dubai.

“According to recent statistics, up to five million residential units are under construction in the GCC, including more than 1,400 new high-profile developments collectively valued at over Dh2.5 trillion.” said Eckhard Pruy, CEO of Epoc Messe Frankfurt GmbH.

“The building boom will see hundreds of billions of dirhams being spent on new housing developments, apartment blocks, hotels, leisure facilities, office developments shopping malls and even islands over the next five years.”

He explained that this housing upsurge will fuel a secondary boom for the garden and landscaping sectors, as these developments will require hundreds of square kilometers of landscaping.

“Projects such as Dubailand will require vast amounts of landscaping, as will of course the Palm Islands and the World Projects. Add to this new golf courses and park facilities and it is not surprising that it is currently estimated that over Dh60 Billion is expected to be spent on gardens and landscaping in the next five years.”

Gavin A. Morlini, senior show manager of Garden and Landscaping Middle East, forecasts that by 2010 “Dubai’s new homes, apartments, hotels and clubs will see as many as 5,000 new swimming pools being built.

The number of new houses currently being built will require over five million square meters of lawns to be laid. The spend on garden furniture will be nearly Dh.120 million, while the spend on barbecues will be over Dh37 million. The outlay for paving stones, ornamental stones and decking for all types of developments will exceed Dh. 210 million according to our research.”

Morlini pointed out that the Middle East, had over 2,100 projects either planned or underway in the Gulf region in 2006, of which the UAE and Saudi Arabia made up 29 per cent and 20 per cent, respectively.

With 15-25 per cent of the world's construction cranes in operation, Dubai will remain the "construction capital" of the Gulf. Yet Abu Dhabi is set to be "the next Dubai", while Jeddah is benefiting from Saudi Arabia's development of its western region.

Further, Kuwait's construction industry is one of the most robust in the region, with a value nearing Dh14.4 billion and planned investments are estimated at over Dh39.6 billion, according to construction industry estimates.

Residential demand in Kuwait is also at an all time high. Although several major projects are currently in the pipeline, with over 70,000 units due to come online over the medium-term, there is a long waiting list for housing.

The Garden and Landscaping Middle East exhibition enjoys the support of Dubai Municipality, GardenEx, Society of Engineers, and the Taiwan Importers and Exporters Association. Also participating in this year’s exhibition are country pavilions from Italy, China, Indonesia, Germany, United Kingdom and Taiwan.-TradeArabia News Service


 
   
 
     
 
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