DOHA: The Middle East’s construction sector, including Qatar, has been forecast to grow by 19 percent in 2013, with the combined value of completed projects set to reach $81.6bn. And projects worth $64.5bn are set to be awarded before the end of the second half of the year, said a press statement issued by Aldes Middle East, a leading provider of fire fighting and ventilation solutions.
Given Qatar’s immense growth potential of the construction and real estate sector, the company has stepped up its expansion initiative with the planned opening of a new office in Doha.
Over the last few months, Aldes has aggressively secured and maintained key contract wins, while at the same time, maintaining strong ties with key approval bodies. Wanting to drive in more growth, the company is placing strong focus particularly in Saudi Arabia and also across niche markets like the UAE, Qatar and Oman.
“Aldes has set its focus on the world’s emerging markets, particularly Middle East, whose construction segment has demonstrated continuous growth and resiliency. The upbeat forecast on the segment’s growth has prompted us to implement initiatives that aim to strenghten our operations — opening new offices in strategic locations; hiring more people and re launching optimised versions of our existing products,” said Morane Rey-Huet, International Director, Aldes.
“At the same time, the emergence of newer projects has also seen an increased demand for products that conform to set green building standards. Aldes is confident in capturing this market by leveraging its diverse portfolio of world class highly eco-friendly products across these projects in the region.” The Peninsula