Business | Emiratisation
GCC region opening doors to garden and landscaping sector
Increased demand will see $60b investment over next five years
- Staff Report
- Published: 01:10 March 4, 2008
Dubai: The construction industry in the Gulf Cooperation Council (GCC) region, valued at Dh3.6 trillion, is opening doors to the garden and landscaping sector, which is seeing increased demand as $60 billion (Dh220 billion) enters the market over the next five years.
"Projects such as Dubailand will require vast amounts of landscaping, as will the Palm Islands and the World Projects as well as new golf courses and park facilities," said Eckhard Pruy, chief executive of Epoc Messe Frankfurt GmbH, organisers of the garden and landscaping Middle East exhibition which opens today at the Dubai International Exhibition and Convention Centre.
"The building boom will see hundreds of billions of dirhams being spent on new housing developments, apartment blocks, hotels, leisure facilities, office developments shopping malls and even islands over the next five years," said Pruy.
"According to recent statistics, up to five million residential units are under construction in the GCC, including more than 1,400 new high-profile developments collectively valued at over Dh2.5 trillion," Pruy said.
By 2010 forecasts are that Dubai's new homes, apartments, hotels and clubs will see as many as 5,000 new swimming pools being built.
Share this article
More from Business
Popular in Business
-
Budget travel
Airlines in the region
Take a pictorial look at some of the budget airlines in GCC
Business Editor's choice
-
New law to protect investor rights
Dubai land department is studying legislation to protect property purchasers
-
Global Village
Revamped layout featuring four cultures to greet visitors this season
-
Cloud computing is here to stay
Managing security effectively is critical when sharing data over the internet
