GCC spending on facades to grow to $12bn by 2024

The pressure on the UAE and the rest of the GCC countries to focus on new low-energy architecture will increase over the next eight years as billions of dollars are ploughed into infrastructure development across the region, new research shows.

According to a regional market study issued today, spending on building exteriors will increase from $8bn this year to $12bn in 2024.

Accounting for 41.8% of the overall façades market last year, Saudi Arabia alone is estimated to grow to $5.5bn by 2024, up from $3bn this year.

Architects and developers need to prioritise lower heating and air conditioning costs to achieve energy efficiency, says the report which was commissioned by dmg events Middle East, Asia and Africa, organisers of the Windows, Doors and Façades trade exhibition launching in Dubai in September.

The study says significant growth in the GCC façades market will stem from a big rise in the number of construction, refurbishment and renovation projects driven by tourism and major events like the 2019 World Athletics Championships in Doha, Expo 2020 Dubai and the 2022 FIFA World Cup.

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