Noida, UP -- (SBWire) -- 02/23/2011 -- During the last few years, the Gulf Cooperation Council (GCC) has positioned itself as a key player in the global steel industry.
Our study also shows an uprising trend in the UAE steel industry. The revival of various other industries in the region will stimulate the UAE’s steel industry to grow at a fast pace in coming years. We have found tourism sector as one of the major drivers of the construction industry. According to our latest research report “UAE Steel Industry Analysis”, the United Arab Emirates' incoming tourism spending is projected to reach above Dh 30 Billion by 2014.
Our study also reveals that Dubai is the largest spender on tourism projects, followed by Abu Dhabi in the Middle Eastern region. We have also found that the UAE remains under-supplied and a series of hotel developments have been planned for the next five years to bridge the gap and keep pace with a strong increase in demand. Our research shows that the country will be required to nearly double the number of rooms to meet the projected demand of the tourism sector. Our report provides an insight on the developments proposed in the tourism sector that will enhance the UAE steel industry.
“UAE Steel Industry Analysis” has also analyzed other drivers that will drive growth in the UAE steel industry. Realizing the current market trends and anticipating the future prospects, we have done a comprehensive analysis of the UAE steel industry. The report covers various aspects of the steel industry, discussing its production, consumption, and import/export patterns.
Our research study provides an insight into the UAE steel industry and studies its past, present, and future scenario. The report is aimed at offering clients a strategic insight into the UAE steel industry, so that they can better analyze the opportunities critical for their success in the market. With immense growth potential, our research foresees huge opportunity for various market players, such as Emirates Steel Industries, Al Nasser Industrial Enterprises, Alam Steel Industries LLC, Qatar Steel, and Al Ghurair Iron & Steel L.L.C.
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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 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.
Tourism to Support the UAE Steel Industry
The United Arab Emirates' incoming tourism spending is expected to cross Dh 30Billion by 2014, says RNCOS in its latest research report.