May EN 2019

12 Mazaya Monthly Real Estate Report Week 4 - May 2019 Al Mazaya: construction material sector capable of revitalising investment prospects Mobility of the construction material sector across the Gulf markets significantly hinges on the pace of real estate and infrastructure projects, with the region showing vulnerability towards the developments experienced in other key sectors, including energy, banking and tourism. The building material sector has a number of advantages, being part of the stimulus plans adopted by the region’s states to expand and revitalise other sectors, especially the industrial platform. In the meantime, it has transpired that the open market system applied in the Gulf region adversely affects the current status and future of the domestic building materials sector in light of the abundance and oversupply of imported products in quantity and quality, including their preferential prices, which impose a difficult reality, especially when supply of real estate developments slows down. Amidst $1.1 trillion of infrastructure development region-wide