Market Review 2019 by BNC (EME-GEN - 20002.00)

New Eurovent Middle East Associate Member presented market figures

Industry Networks (BNC) has joined Eurovent Middle East as an Associate Member and contributed to the Annual Meeting by providing an overview of the market development in 2019, summarising trends and giving an outlook for 2020 based on the collected data on building projects throughout the GCC. While urban and transport sectors in the UAE saw a decline in project volumes year on year, mostly due to finalisation of many EXPO 2020 projects, healthy figures in the industrial and Oil & Gas segments balanced the overall results. Figures for KSA show a strong increase of 13% overall and in the urban construction segment, putting KSA in the lead in terms of projects around the region.