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Massive Construction Projects Will Keep Steel Demand Strong in UAE

By: Shushmul Maheshwari
Massive Construction Projects Will Keep Steel Demand Strong in UAE

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With growing economy that raised the investment in construction and infrastructure development activities, the annual domestic consumption of steel in the UAE surged from 4 Million Tons in 2006 to over 6 Million Tons in 2007, as per the new research report, “UAE Steel Industry Analysis”, from RNCOS.

The report sees the UAE as the frontrunner in the Gulf region due to its booming construction sector which is anticipated to see investment of nearly US$ 94 Billion between 2007 and 2009. However, the point of concern is the localization of construction activities to Dubai, but this trend is expected to change in coming years, with the entire federation seeing unprecedented growth, especially the emirate of Abu Dhabi.

Several large-scale development projects have taken off in Dubai to make the UAE a popular tourist and business destination. These include Burj Dubai, Underwater Hotel, Dubailand, Business Bay, Palm Islands, Dubai Festival City, The World and Dubai Waterfront. Moreover, these projects will not only keep contractors busy, but also build a stable foundation for long-term economic growth of the country.

The ongoing development projects clearly reflect the growing demand for steel, cement and other construction material in the UAE which has continuously maintained double-digit economic growth rate. Besides, large infrastructure and property development projects have spurt the prices of steel tremendously in the country. Continuously rising demand for steel has created a big market for steel suppliers and stockists who compete to provide a wide range of steel on demand.

“UAE Steel Industry Analysis” gives exhaustive analysis along with statistical information on the growing steel market in the UAE. It thoroughly studies market trends, evolving markets, growth prospects and investment opportunities in the UAE and GCC steel markets. It also provides panoramic view on various segments of the industry by correlating past market growth and key growth drivers such as economic performance of the industry, long-term metal demand, competitive structure and government rules and regulations, helping clients to modify their investment strategies accordingly.

The report also provides forecast on steel production by country, rebar steel consumption by country and construction industry.

For more information visit: http://www.rncos.com/Report/IM135.htm
Current Industry News: http://www.rncos.com/Blog/

http://www.rncos.com/

Keywords UAE Steel Industry Analysis, Steel Industry, Steel Industry of UAE, Future of UAE Steel Industry, Growth of UAE Steel Industry, Key Players of UAE Steel Industry, Steel Demand in UAE
Category Business
Submission Date Dec 13, 2008
Article Contact Name Shushmul Maheshwari || send email to Shushmul Maheshwari

Average Visitor Rating: 5.00 (out of 5)
Number of ratings: 1 Votes
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Article ID 110

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2. Up to 50% off on Report - Turkey Automobile Sector Forecast (2008-2012)
  RNCOS is offering up to 50% discount on Market Research Report titled," Turkey Automobile Sector Forecast (2008-2012) ". Automobile sector plays a vital role in the Turkish economy as it has taken an important place in the export mix of the country. Automobile exports from Turkey made up nearly 75% of its total auto production in 2007, a straight growth of 18% from the previous year. Increasing export volumes are making Turkey the next export hub for automobile, says the RNCOS research report – “Turkey Automobile Sector Forecast (2008-2012)”.

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This report comprehensively studies the Turkish automobile market, comprising of passenger cars, commercial vehicles, tractors, and automotive component market. It also evaluates the export market and opportunities for the automobile and its associated industries.

Key Findings of the Report

- Free Trade Zones (FTZs) are designed to encourage trade to and from Turkey, boosting the automobile sector of the country.
- Passenger car segment has the largest share in all aspects of the automobile industry, i.e., exports, production, imports and sales.
- Automobile production in Turkey grew by 11% in 2007 over 2006.
- Automotive component production grew at a CAGR of 21.55% during 2003–2007.
- The annual automobile production is estimated to increase to 1.8 Million by 2012.
- Exports by the Turkish automobile industry are projected to surge at a CAGR of 11.49% during 2008-2012.

Key Issues & Facts Analyzed in the Report

- What are the driving factors for the Turkish automobile industry?
- What are the trends in the automobile component industry?
- What are the opportunities for the automobile and associated industries?
- Which segment of the automobile sector holds major share?
- What would be the projected growth of the automobile industry?
- Who are the major players in the Turkish automobile industry in terms of production, exports and sales?

Research Methodology Used

Information Sources
The information has been taken from authentic and reliable sources like books, newspapers, trade journals, white papers, industry portals, government agencies, trade associations, monitoring industry news and developments, and through access to more than 3000 paid databases.

Analysis Method
Methods, like historical trend analysis, linear regression analysis using software tools, judgmental forecasting, and cause and effect analysis, have been used in the report for prudent analysis.

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3. RNCOS Releases a New Report- US Nuclear Energy Outlook
  RNCOS has recently added a new Market Research Report titled, “US Nuclear Energy Outlook” to its report gallery. Nuclear power plays a major role in the US energy industry as the country, after coal and natural gas, produces its maximum amount of electricity from nuclear power plants. Oil and hydropower are the next biggest sources of energy. But the US heavily depends on imported uranium for its nuclear power industry. And with China, India and Russia planning for massive deployments in nuclear power, the country may have tough times ahead in procuring raw material (uranium) for its nuclear reactors, says “US Nuclear Energy Outlook”, our recent research report.

This report outlines the growing importance of the US nuclear industry at global level. It analyzes the present status of the industry and assesses the opportunities available for investment. It thoroughly studies the current market trends and evolving areas in the US nuclear industry, and gives future forecasts on the industry. However, the forecast given in this report is not based on a complex economic model, but is intended as a rough guide to the direction in which the market is likely to move.

Key Findings of the Report

- At global level, China, Japan, India, the US, Russia and the Republic of Korea are expected to see most significant increase in their installed capacity by 2030.
- Decision to invest commercially in new nuclear plants will be largely affected by the fossil fuel prices and regulatory environment in the US.
- Due to deregulation, the US nuclear industry is projected to continue to witness ownership consolidation, presenting opportunities for investors trying to attain synergy.
- The nuclear plant construction has become extremely expensive with time due to progression to large plants before gaining much experience, failure of the expected economies of scale to materialize, and design changes and equipment retrofit. This may spoil the plans of the US to expand its nuclear power industry.

Key Issues and Facts Analyzed in the Report

- What are the potential growth area and market opportunities for the US nuclear industry?
- What is the current state and future prospects for the industry?
- How are different states performing in the US nuclear industry?
- What is the scenario of uranium availability in the US?
- What are the forces challenging the US nuclear industry?

Research Methodology Used in the Report

Information Sources
Information in this report has been sourced from books, newspapers, trade journals, white papers, industry portals, government agencies, trade associations, monitoring industry news and developments, and through access to more than 3000 paid databases.

Analysis Method
RNCOS industry forecast and analysis is based on various macro- and microeconomic factors, sector and industry specific databases, and our in-house statistical and analytical model. This model takes into account the past and current trends in an economy, and more specifically in an industry, to bring out an objective market analysis.

Our industry experts study the relationship between various industry and economic variables to ensure the required accuracy and desired check on the quality of data and information given in the report.

For more information visit: http://rncos.com/Report/IM160.htm
Current Industry News: http://www.rncos.com/Blog/
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5. RNCOS Releases a New Report- 3G Market Forecast to 2010
  RNCOS has recently added a new Market Research Report titled, “3G Market Forecast to 2010” to its report gallery. According to the report, 3G technologies have spearheaded economical wireless broadband communications in both developed and emerging markets. These technologies are being rapidly deployed for fixed, portable and mobile uses. The factors that are encouraging the operators and countries to develop and deploy 3G includes high data speed, access to multimedia services, video conferencing, facilitation of mobility, corporate solutions and so on. The continuous enhancements in 3G technologies have given birth to advanced version like EV-DO Rev. A, HSDPA, and femtocells that provide outstanding capabilities, making 3G the preeminent choice.

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Key Findings

- The total number of 3G subscribers stood at around 614 Million at the end of 2007 and the number is forecasted to grow at a CAGR of 34% in near future.
- CDMA2000 and WCDMA market is forecasted to account for 43% of the total worldwide wireless market by 2010.
- CDMA2000 technology will continue to dominate the 3G subscriber base; however, the future growth in WCDMA subscriber base (at a CAGR of 50.7% during 2008-2010) is anticipated to surpass that of CDMA2000.
- Japan accounts for the major chunk of 3G subscribers running on both technology platforms - WCDMA and CDMA2000.
- Growing at a CAGR of over 27%, 3G market for mobile handsets will supersede 475 Million units (including HSDPA handsets).
- The growing 3G market is expected to fuel demand for 3G-based Mobile TV market with subscriber growth forecasted at a CAGR of nearly 48% by 2012.
- Introduction of femtocells is expected to result in mass adoption of 3G technology across the world.

Key Issues & Facts

- What is the current and future global 3G market scenario?
- What are the trends in 3G market with respect to subscribers, technology and geographic segmentation?
- How is the technological development driving the 3G market demand?
- Why are the 3G operators focusing on infrastructure sharing?
- Which is the region that will see the major 3G market deployments across the world?
- What will be the future market size of 3G handsets?
- How is the femtocell market associated with 3G?
- Which are the markets or vendors flourishing due to the rapid uptake of 3G in global market?

Research Methodology Used

Information Sources
Information has been sourced from various credible sources like books, newspapers, trade journals, and white papers, industry portals, government agencies, trade associations, monitoring industry news and developments, and through access to more than 3000 paid databases.

Analysis Methods
The analysis methods include ratio analysis, historical trend analysis, linear regression analysis using software tools, judgmental forecasting, and cause and effect analysis.

For more information visit: http://www.rncos.com/Report/IM118.htm
Current Industry News: http://www.rncos.com/Blog/
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