Resurgent GCC lighting sector driven by UAE and Saudi Arabia23 July 2014
The UAE and Saudi Arabia are at the forefront of a resurgent GCC lighting sector, with both countries accounting for 70% of the $2.5 billion regional market value in 2013, according to global consultancy firm Frost & Sullivan.
Fuelled by increased demand from the fully revived construction sector, the Gulf lighting fixtures market is expected to grow between 8-10 per cent annually between 2014-2018, creating major opportunities for global manufacturers and designers to capitalise on renewed investment across the region.
“Given the large number of infrastructural and developmental projects currently underway with many more in the pipeline, the GCC and wider Middle East represent a market of exciting potential and huge possibilities for the future,” said Ahmed Pauwels, CEO of exhibition organiser Epoc Messe Frankfurt.
“Over the last year, the main focus for Regiolux has been directed toward the development of new energy efficient LED equipped luminaries while extending our existing LED product range,” said Ingeborg Schmidt, export sales manager at German-based lighting manufacturer Regiolux. “We have already established strong business relationships in the UAE, Qatar, Oman, and Kuwait over the last 30 years, and we now see increasing opportunities in other Middle East and African markets. Light Middle East is our gateway to these untapped markets.”