Friday, 24 February 2012
According to IRL’ fourth edition of its report "A Profile of the Middle Eastern and African Paint Industries”, Saudi Arabia and Qatar offer significant growth opportunities.
The Middle Eastern paint market has been estimated at more than 1.8 million tonnes in 2011, and is dominated by the huge Saudi paint and coatings market and the smaller Emirati and Qatari markets. As well as being the leaders in size, these countries also offer significant growth opportunities, in particular Qatar, according to IRL’ fourth edition of its report "A Profile of the Middle Eastern and African Paint Industries”.
Source: IRL – Information Research
In Africa there is good growth mainly in the north of the continent. Many paint companies have recently targeted Egypt for investment and with good reason. Egypt has enjoyed a really strong economic growth (up to 10 % in recent years) and has become an increasingly important supply base for coatings, in particular to Libya. Despite recent political and social unrest, Egyptian GDP is expected to grow by around 3.5 % in 2012.