60 Seconds With...
Eng. Ghaith A Yaseen, Managing Partner, Deewan
What are the major opportunities you spot in the GCC construction & infrastructure industry?
GCC countries are the fastest developing countries in the world. Vision 2030 and Vision 2050 have placed time based development plans in all sectors, including infrastructure, housing, environment, transportation, technology and industry.
The 26,500 square kilometer NEOM city in Saudi Arabia, Expo 2020, Metros in various cities, Middle East rail and major development projects announced by oil & gas companies are major opportunities. The NEOM project will be backed by more than $500 billion from the Saudi government, its sovereign wealth fund, local and international investors.
The tourism sector is one of most developing sector in Dubai and the government is investing to bring all sorts of attractions and facilities. Dubai International Airport served 88.2 million passengers last year and traffic in 2018 is forecast to grow 2.4 per cent to 90.3 million. This will further boost the tourism industry creating demand for the hospitality and construction sectors.
What is the biggest challenge for you in the market this year and why?
The biggest challenge in the industry is cash flow. The investors tend to rent instead of buying machineries and equipment, in order to use their cash.
According to you, what are today’s top 3 concrete industry trends?
Top trends in the industry are: high thermal insulated concrete used to conserve energy; environmental friendly & high durable concrete; and quick and easy construction solutions like 3D printing.
What are the major growth drivers for the industry in the UAE?
Government vision, road construction, infrastructure, tourism and time based execution are the major growth factors. Therefore, Deewan is participating to this growth by providing solutions in the concrete industry. Deewan supplies concrete plant & equipment and employs professional staff to support our customers, helping them to acquire the best technology and quality equipment for faster and time based execution.
How do you think the local construction and infrastructure industry will evolve in the next 5 years?
The future will see an increase in major construction projects and infrastructure. We expect a growing demand for machineries and equipment.
Are you presenting any new products at The Big 5 Heavy 2018?
At the Big 5 Heavy we present Printing Technology on concrete. Thanks to this new technology, you can print anything you wish to print on a concrete surface, even your picture!
Deewan Equipment Trading (D1), based in Dubai, U.A.E. The success, we now enjoy, comes from our promise to deliver top-quality, state of the art products, dedicated customer service, competitive pricing and an excellent technical support.