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Angela Schaschen, MD, Deutsche Messe - Dubai Branch |
DOMOTEX Middle East 2009, the carpets and floor coverings exhibition in the MENA region, has announced that aggressive construction and real estate spending in Egypt will help boost demand for carpets and floor covering products and services in the country. DOMOTEX Middle East will be held at the Dubai International Convention and Exhibition Centre from May 17-19, 2009 offering the perfect platform to transact and identify new business opportunities for suppliers and buyers from Egypt and other key growth markets in the region.
Angela Schaschen, MD, Deutsche Messe - Dubai Branch, said, "Construction remains an important contributor to Egypt's national economy and with the country being a major tourist attraction and an economic hub, a significant portion of the construction expenditure is expected to be channeled to hotel and office tower developments, which are key segments for the region's carpets and floor covering industry."
DOMOTEX Middle East pointed out that Egypt's non-residential construction and real estate expenditure will particularly have a strong impact on the region's carpets and floor coverings sector as Egypt pushes forward with new hotel and office development projects, which are the top markets for carpets and flooring products and services. Non-residential construction spending has been projected to increase at a CAGR of 4% within a 10-year period and will touch $6.7 billion in 2015 from $4.6 billion in 2005.
