OPPORTUNITIES IN THE MIDDLE EAST
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1 23 25 May 2016 Dubai World Trade Centre United Arab Emirates OPPORTUNITIES IN THE MIDDLE EAST Presented by Jaafar Shubber Senior Project Manager
2 We manage over 80 events in up to 25 countries each year, employing over 300 staff. We are active in North America, the Middle East, Europe, East Africa and Asia Some of the events managed from our Middle East office, including:
3 STRONG GCC CONSTRUCTION SECTOR = FUTURE OPPORTUNITIES The demand for elevators and escalators is highly correlated with the growth of the construction market; hence, the steady growth in the construction market in GCC is expected to benefit the manufacturers of elevators and escalators in the region. The figure shows the total value of construction contracts awarded across the GCC which is expected to reach billion in 2015 as per July 2015 projects schedule. The figure also shows the number of contracts awarded Source: Ventures Onsite Projects Database
4 OUTLOOK The GCC construction sector is set to register strong performance as billions of dollars are being invested on building and infrastructure projects and mega events such as Dubai Expo 2020, Qatar 2019 Athletics World Championship and Qatar FIFA World Cup 2022 GCC population is estimated to grow from 35 million to 60.2 million by 2050, which is likely to stimulate growth in construction activity in the buildings and infrastructure sectors, especially in housing, education, healthcare, and infrastructure to support the communities. - Airports in the GCC are expected to expand massively by 2020 due to increasing number of passengers and cargo traffic, driven by strong growth in tourism. - GCC governments are estimated to spend a total of US$ 90 billion on building schools and universities as they form top priority in The GCC member states are pressing ahead with plans to develop an integrated railway network between Oman and Kuwait as start and end destination points. Total Value of Projects (Buildings and Infrastructure Sectors Only) as of July 2015 (US$ Million)
5 ELEVATOR AND ESCALATOR MARKET IN GCC The Elevator and Escalator market in GCC witnessed the overall installed base of elevators and escalators reaching a total of 153,010 units in This is expected to reach 198,980 units by 2018, growing at a CAGR of 5.39 percent. Elevator and Escalator Market in GCC: Installed Base by Region : Region CAGR (%) Saudi Arabia 72,340 76,580 81,140 86,100 91,450 97, UAE 63,990 65,190 66,440 67,740 69,100 70, Oman 6,270 6,910 7,5908,310 9,080 9, Kuwait 5,160 5,480 5,820 6,180 6,560 6, Qatar 3,280 4,600 6,030 7,570 9,230 11, Bahrain 1,970 2,210 2,470 2,750 3,050 3, Total 153, , , , , ,
6 MARKET SIZE AND FORECAST Elevator Market GCC: Installed Base (units) Escalator Market in GCC: Installed Base (units) The Elevator market in GCC is growing at a steady rate. The market witnessed huge demand for elevator installation from many end-user segments. The residential segment was the largest end user of elevators in the GCC, followed by the Mixed Use Buildings, Retail, and Offices segments. The Escalator market been witnessing increased demand for installation since The announcement of Metro Rail projects by governments in the GCC countries is the major factor.
7 ELEVATOR AND ESCALATOR MARKET IN GCC BY NEW INSTALLATIONS - MARKET SIZE AND FORECAST The Elevator and Escalator market in GCC witnessed 8,860 new units of elevators and escalators being installed in This is expected to reach 10,510 units by 2018, growing at a CAGR of 3.47 percent.
8 MARKET SIZE & FORECAST Escalator Market in GCC: New Installations per Year (units) Elevator Market in GCC: New Installations per Year (units) The Escalator market in GCC witnessed 680 new units of elevators being installed in This is expected to reach 900 units by 2018, growing at a CAGR of 5.77 percent. The Elevator market in GCC witnessed 8,180 new units of elevators being installed in This is expected to reach 9,610 units by 2018, growing at a CAGR of 3.27 percent.
9 GEOGRAPHICAL SEGMENTATION Elevator and Escalator Market in GCC: Installed base by region 2013 and 2018 The Elevator and Escalator market in GCC is growing across the region. However, Saudi Arabia and the UAE accounted for approximately 89 percent of the overall elevator and escalator installed base in 2013.
10 A TASTE OF SOME OF THE MAJOR PROJECTS CURRENTLY UNDERWAY IN THE REGION Mohammed Bin Rahid (MBR) City (UAE) Budget: US $64,724 million, project type: Mixed Use, project status: Design/Construction, Completion: Q King Abdullah City of Atomic and Renewable Energy (Saudi Arabia) project type: Mixed Use, project status: start Completion Q1 Budget: US $100,250 million, Valley City (Qatar) Budget: US $ 4,800 million, project type: mixed use, Project status: Design/Construction, completion: Q Bobyan Island Development (Kuwait) Budget: US $6,640 million, project type: Residential, Status: Construction Al Madina Al Shamaliya (North Bahrain new town) Budget: US $4,500 million, project type; Mixed Use, Status; Construction Omran Convention & Expo Centre (Oman) Budget: US $ 1,826 million, status: Construction, type: mixed use, Completion: Q4 2019
11 WE ARE BRINGING TOGETHER CONSTRUCTION INDUSTRY WITH THE ELEVATOR INDUSTRY IN MAY 2016 Elevators & Access Control Exhibition, runs as an independent event but is organised by the same team that manages The BIG 5 The Big 5 is the Middle East and North Africa s largest and most diverse international construction exhibition: 81,401 participant from over 100 countries: ranging from architects, consultants, contractors, engineers, specifiers and developers Over 3000 exhibitors from 65 countries 35 years old Occupying 45,000 sqm of net floorspace
12 BOOK YOUR STAND Space Only Stand US $435 per sqm This option is for companies who wish to build their own stand All-In Package / Shell Stand US $495 per sqm This option is for companies who want their stand built for them. This option includes shell construction, carpet tiles, walling, fascia with company name and stand number, power point and spotlights. Double Decker US $500 per sqm This option is for companies who wish to build their own stand and have a mezzanine level
13 FOR ENQUIRIES: CONTACT: Official Agent for the Italian Territory Corexpo Italia srl Ms Serena Florian Project Manager Tel: Fax: Website: The Organizer: dmg events Mr Jaafar Shubber - Senior Project Manager Tel: +971 (0) Mob: +971 (0) jaafarshubber@dmgeventsme.com Website:
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