European sawmills could benefit from upcoming construction boom in Saudi Arabia and Egypt

Both Egypt and Saudi Arabia are planning major construction projects, but so far many of the mega-projects are at the stage of promise. Amir Rashad, a Middle East and North African market expert at the Swedish-based price monitoring company Timber Exchange, states that Saudi Arabia is undergoing modernization and the country is striving to become the new Dubai, a center for tourism and business. “In construction, that means megaprojects.” Rashad believes it is possible that Saudi Arabia will see a real construction boom, but so far it has only just begun and the real mega ...