Kuwait construction sector to spur carpet demand
Dubai, April 5, 2009
Domotex Middle East 2009, the carpets and floor coverings exhibition in the Mena region, said it is poised to leverage Kuwait's $2.65 billion construction sector to drive demand for carpet and floor covering products and services in the country.
Domotex Middle East 2009, to be held in Dubai from May 17 to 19, aims to boost the regional wholesale market for carpets and floor coverings by providing a suitable platform for buyers and suppliers to transact and identify new business opportunities.
The organisers, Deutsche Messe Dubai Branch, said they were expecting a strong participation from Kuwaiti real estate developers and building owners this year.
Kuwait's construction sector has been predicted to further consolidate and reach $3.44 billion in 2013, driven by strong demand for residential as well as office space, said Angela Schaschen, managing director, Deutsche Messe Dubai Branch.
Furthermore, Kuwait's construction industry is poised to increase its contribution to the GDP from 1.59 per cent in 2008 to 2.10 per cent in 2009, manifesting the robust sector's importance in the growth of the national economy, she noted.
'Kuwait will always remain a very important market for the carpets and floor coverings industry because of the significant number of construction activities in the country.'
'The strong demand for office space will particularly impact the growth of the flooring market as building developments will require various carpets and floor covering products and services.'
'Accordingly, with an excellent array of products and services on offer, Domotex is sure to attract a large number of real estate developers, commercial building owners and several other prospective buyers from Kuwait,' she added.-TradeArabia News Service