Demand for fabricated aluminium products in the UAE is poised to post a 9 per cent compounded annual growth rate (CAGR) from $555 million in 2010 to $838 million in 2015, said the organisers of an upcoming aluminium trade show in Dubai.

Organised by Reed Exhibitions, the second Aluminium Dubai exhibition will run from May 9 to 11 at the Dubai International Convention and Exhibition Centre.

With local projects representing 24 per cent of the entire GCC’s building construction activities, the UAE continues to rank among the region’s top construction markets, a statement said.

Contracts worth around $27 million were awarded in 2010, with 2011 expected to see actual building construction spending hitting the $25 billion mark. The UAE’s construction sector is expected to further increase at a CAGR of 10 per cent to $21 billion in 2015.

Total active building projects across the UAE from 2010 to 2015 are expected to be worth around $102 billion. Most developments are being undertaken either in Abu Dhabi or Dubai, with the construction sector accounting for at least 10 per cent of the GDP of both emirates.

Demand for aluminium extruded products will most likely grow at a CAGR of 9.7 per cent from 70,853 metric tonnes (MT) in 2010 to 122,445 MT in 2015; demand by volume for the same period is expected to swell from 3.5 million sq m to 5.3 million sq m in 2015, according to the statement.

“The UAE’s aluminium needs are getting larger and more quality-driven given the multitude of construction projects lined up in the country,” said Tarek Ali, show manager, Aluminium Dubai, Reed Exhibitions.

“Aluminium Dubai seeks to create order to the dynamic market by presenting key opportunities, best practices and UAE-specific partnership strategies to investors and industry players alike. Given the UAE’s extensive regional and international construction ties, the show promises to be an effective platform for firms keen on expanding their business,” he added.

This year’s event will welcome more than 150 companies to build on the success of the 2010 show which gathered 165 exhibitors from 23 countries and over 3,000 visitors from 61 countries. – TradeArabia News Service