Preparations for the Dubai Expo 2020 are fuelling new urban development projects across the emirate, thus boosting the facades industry which is projected to grow by 50.7 per cent over the next seven years, according to a study.

The drive will continue to boost the windows, doors and facades industry well beyond 2020, and well beyond expectations, stated the study conducted by Grand View Research (a US-based market research and consulting company) for the Windows Doors & Facades Event (WDF).

The Middle East’s largest dedicated platform for the windows, doors and facades industry, WDF will be held in Dubai from September 23 to 25.

The value of new facades projects will grow by 50.7 per cent between 2017 and 2025 across the UAE, Saudi Arabia, Kuwait, Bahrain and Oman, it added.

The report, released in the lead up to the third edition of the event, provides a comprehensive analysis of the market’s outlook and its major trends.

“Construction in the GCC region is not new to growth rates that are above the world average. However, the forecast for the next seven years is extraordinary. It shows a tremendous potential for all the players of the windows, doors and facades industry,” remarked Rebecca Lockwood, the event director of WDF.

In 2025, the total value of facades projects in Saudi Arabia, UAE, Kuwait, Oman and Bahrain will exceed $10.7 billion, with an additional $10.2 billion accounted for windows and doors only.

Saudi Arabia tops the list of best performing markets, with a 6.8 per cent compound annual growth rate (CAGR), and facades projects expected to reach a value of $5.9 billion by 2025. In the UAE, the facades projects, valued $2.3 billion in 2017, will reach over $3 billion over the same period, with a over 3.8 per cent CAGR, and over 33.5 per cent growth in absolute terms.

According to the report, the expansion of environmental regulations across the region, like Dubai’s smart city initiative and green code for building specifications and design, was one of the leading growth drivers.

Lockwood pointed out that a new sustainability agenda, public policies, and rising energy costs were driving a positive change in the industry.

"Suppliers are now focusing on innovative technologies and materials to meet the changing market demand," she added.

Supported by Schüco (Founding Partner and Titanium Sponsor), Orgadata, Elumatec and Cladtech International as founding partners, the show will gather thousands of decision makers and industry experts for three days of networking business and learning opportunities in Dubai.

Fom Industrie and Orgadata are among the 150+ local and international companies exhibiting at the expo. which will display the latest technologies and innovative products for the evolving windows, doors and facades industry.

Umur Ahmet Duymaz, the general manager of Orgadata Middle East, said: "Today, the industry is looking for more dynamic facades, as well as for electronic, computerised system integration. In the UAE and the broader GCC region, energy consumption is a key concern; as a result, attention to sustainability and energy saving is growing."

Giovanni Barbareschi, Fom Industrie area manager, said: "Due to the deployment of international agreements to cut carbon dioxide emissions, we will experience an increased introduction of thermal isolated systems."

"It will be necessary to use higher quality materials in order to comply with these agreements and the fabricators will have to invest in upgrading their manufacturing process with more reliable equipment," he added.-TradeArabia News Service