Landscape spend set to top US$16bn in next five years
by ArabianBusiness.com staff writer on Sunday, 09 March 2008
Over US$16.34 billion will be spent on gardens and landscaping in the Middle East region in the next five years, according to research by Epoc Messe Frankfurt, organisers of the upcoming Garden and Landscaping Middle East trade show.
Boosted by the ongoing construction boom, the GCC states are experiencing unprecedented demand for landscaping design, garden equipments and outdoor living products, the company reported.
"According to recent statistics, up to five million residential units are under construction in the GCC, including more than 1,400 new high-profile developments collectively valued at over US$680.86 billion," said Eckhard Pruy, CEO of Epoc Messe Frankfurt. "The building boom will see hundreds of billions of dirhams being spent on new housing developments, apartment blocks, hotels, leisure facilities, office developments, shopping malls, and even islands over the next five years.
The housing upsurge will fuel a secondary boom for the garden and landscaping sectors, he added.
"Projects such as Dubailand will require vast amounts of landscaping, as will of course the Palm Islands and the World projects. Add to this new golf courses and park facilities and it is not surprising that it is currently estimated that over US$16.34 billion is expected to be spent on gardens and landscaping in the next five years," he said.
The Garden and Landscaping show takes place May 25 to 27, 2008 at the Dubai International Convention and Exhibition Centre in Dubai.
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