Heavy Investment in Real Estate to Boost Steel Industry in the UAE

With active construction and infrastructure schemes of US$ 714.9 Billion, the UAE steel industry will grow at a high pace.

Noida, India (prHWY.com) May 25, 2011 - According to our new research report "UAE Steel Industry Analysis", the UAE steel industry has shown enormous growth in the past and will continue to grow at a rapid pace in the future. Our research forecasts that the UAE steel consumption will reach 11 Million Metric Tons by the end of 2013. The major reason fueling growth in the industry is the huge construction projects in the UAE. Further, the steel demand in the country will also rise due to cheap and reliable energy and gas supply, growing oil and gas sector, economic growth, and rising income level.

Our ongoing study on the UAE steel industry found that Dubai and Abu Dhabi real-estate projects have abundant steel requirement in the future and will strengthen the UAE steel industry growth. The report also reveals the importance of government initiatives and the role played by them in the industry.

As per our research, we identified that the industry is highly import-oriented and continued to report high steel imports in the coming years. The reduction in the import tariff by the GCC will enhance steel imports in the country. Besides, it is expected that the domestic steel output will also increase as to fulfill the huge demand of steel in the country; major players are planning to increase their output capacity in future.

Further, the report also provides an in-depth study of current trends prevailing in the industry. The report also identified growth areas including energy cost, tourism developments, foreign investment, manufacturing sector, and infrastructure projects.

Apart from this, the report "UAE Steel Industry Analysis", discusses the future outlook of the UAE steel industry, which is estimated by taking all the aspects of the UAE steel industry and supported by reliable data. This report is a result of extensive research and detail study of the UAE steel industry. The report also provides the GCC steel industry overview and the current trends existing in the industry. Moreover, the report presents an analysis of the key players operating in the industry.

For FREE SAMPLE of this report visit: http://rncos.com/Report/IM135.htm

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About RNCOS:

RNCOS specializes in Industry intelligence and creative solutions for contemporary business segments. Our professionals study and analyze the industry and its various components, with a comprehensive study of the changing market behavior. Our accuracy and data precision proves beneficial in terms of pricing and time management that assist the consultants in meeting their objectives in a cost-effective and timely manner.

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Tag Words: uae steel industry

Categories: Business

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