Tag Archive | "residential"

Hörmann Middle East to display sliding doors at the Big 5

Hörmann Middle East, industrial, commercial and residential door manufacturer will have one of the largest stands at Big 5 this year displaying the latest technology and designs in garage doors, entrance doors, fire doors and smoke-tight door assemblies, industrial doors and loading technology, at its 168 sq. meters stand.

Darius Khanloo, Managing Director of Hörmann Middle East, said: “Our newest product on display will be the Rollmatic Rolling grille. With its compact design, it is the ideal solution for store grilles in confined spaces.

“Also new to this region are environmentally sustainable Industrial Sectional Doors. They are made of aluminum and are scratch resistant. Our range of industrial, commercial and residential doors which will be displayed at Big 5 will give customers an unmatched experience of the latest technology and advancements in safety, aesthetic design and quality.

“We will also highlight to our customers the Fire and Smoke-Tight Sliding Doors and Multi-Purpose Sliding Doors. They are made of steel and stainless steel. Our multi-functional doors are characterised by their matching appearance which is an advantage for architects and building owners.”

All Hörmann fire rated steel doors are approved by the UAE Civil Defense and Civil Defenses in Qatar and Oman.



Posted in Construction, NewsComments (0)

2013 a comeback year for construction

According to a recently conducted region-wide study, the value of new construction projects in the GCC is expected to rise in 2013, with projects valued at US$64.5 billion set to be awarded to contractors over the coming 12 months.

This figure shows a sharp increase, up by a third (33%) on the value of projects awarded in 2012 (US$48.4bn).

Building projects worth over US$68.7bn were completed in the GCC in 2012 according to the sector report issued today. Despite being lower than previously estimated, the Gulf’s construction industry grew by 48% over 2011 when completed projects were valued at US$46.5bn. The report also forecasts a further 19% sector growth in 2013, with completed construction projects set to reach US$81.6bn.

Growth of construction projects by sector

In 2012, residential, commercial and hospitality sectors led the GCC projects market; with US$29.4bn, US$12.2bn and US$5.5bn worth of projects completed respectively. Education, medical and retail sectors were other significant contributors, with completed projects worth US$5.2bn, U$3.3bn and US$2.4bn respectively.

 In 2013, a two-paced growth is likely with residential, retail and commercial sector construction projects growing at slower rates of 4.4%, 4% and 13% to US$30.7bn, US$2.5bn and US$13.8bn respectively.  However, hospitality, educational and medical projects will grow at faster rates of 27%, 69% and 79% respectively to US$27bn, US$8.8bn and US$5.9bn. The hospitality and educational sectors of the GCC building construction industry will see their market share by value of projects completed in 2013 grow tremendously by 137% (from 3.8% to 9%) and 134 % (4.7% to 11%) respectively. Residential building projects will remain the largest segment of the real estate market in terms of projects expected to complete in 2013 with a market share of 38%. Commercial will remain the second largest real estate sector with 17% but the educational sector is set to overtake the hospitality construction segment and claim third place with an 11% of the market share against hospitality’s market share of 9%.

Overview of the GCC interiors and fit-out market

Despite being lower than previously forecast, the value of the GCC interior contracting and fit-out market in 2012 was US$7.86bn – an increase of 56% against the 2011 figure of US$5.04bn and is expected to rise by 17% in 2013 to US$9.2bn. In 2012, the UAE was once again the largest interiors and fit-out market in the GCC and, at US$2.83bn, made up 36% of the US$7.86bn GCC market. It was followed by the Saudi Arabia and Qatar which were valued at US$2.6bn and US$1.49bn respectively. The Kuwait interiors and fit-out market was valued at US$472m, Oman’s at US$314m and Bahrain’s at US$157m.

The residential sector continues to command the largest market share of the GCC interior contracting and fit-out market with a 41% share of the overall market value in 2012 (US$3.24bn). While the residential sector is expected to remain the largest sector of the interior contracting and fit-out market in 2013 and increase in value by 5%, it will see its market share reduce slightly to 37% (US$3.4bn) as other sectors grow at a faster rate.

As GCC countries continue to invest in social infrastructure, the value of the educational and medical sectors of the interior contracting and fit-out market will see huge increases of 70% (from US$412m to US$702m) and 80% respectively (from US$261m to US$470m).

In 2013, the hospitality sector of the GCC interior contracting and fit-out market is set to overtake the commercial sector and take the second largest share of the market – increasing in value by 31% from US$1.2bn to US$1.57bn.

The report

The in-depth sector report issued today was commissioned by the organising team behind INDEX, and conducted by Ventures ME.

Frederique Maurell, Event Director for both the INDEX and Office exhibitions, who supervised the compilation of the report, said: “A number of construction projects that had been on hold resumed in 2012, as the region’s oversupply concerns were dispelled by a rise in demand due to growth of the population and disposable incomes. Governments have initiated construction across key sectors to cater to this demand. Though recovery of the commercial real estate sector remains somewhat subdued, new opportunities are emerging in residential, hospitality, retail and education sectors; albeit at a cautious and regulated pace. While the global economy as a whole remains relatively flat, it is safe to say that GCC construction industry and the associated interiors fit-out sector are recovering momentum.”

“This trend is being driven by investors acquiring partly completed properties and renovating, expanding or adding value rather than initiating new developments. The interiors and fit-out sector is responding well to these changes in demand, and beginning to see growth in new projects. Together, this puts the market firmly on an upward trajectory,” added Maurell.

As a preamble to INDEX 2013, the report highlights the potential for a comeback for the construction sector. The 23rd edition of the annual INDEX Interiors and Design Exhibition, the region’s largest and longest running interiors and design exhibition, will run alongside the 12th edition of the annual Office Exhibition on 20 to 23 May 2013 at the Dubai World Trade Centre, UAE.




Posted in ConstructionComments (0)

Current Issue October 2013