Brazil, GCC building materials exports reach $16m
Exports between Brazil and the GCC reached a total of $8.7bn in 2016, decreasing 2% from last year
Brazil exported $16m worth of building materials to the GCC in 2016, said Michel Abdo Alaby, ceo, Arab-Brazilian Chamber of Commerce on Monday.
Exports between Brazil and the GCC reached a total of $8.7bn in 2016, falling 2% from last year, Alaby told ConstructionWeekOnline on location at The Big 5 exhbition in Dubai.
He noted however that the largest value of exports comes from the building materials market, of which 50% is stone exports, including granite, marble, ceramic and wood.
“In 2015, we exported $25m in building materials to the GCC. Until September, exports in stone reached 46%,” he said.
Alaby emphasised the importance of the GCC region to Brazilian companies specifically.
He said: “In regards to the GCC market, it’s very important. There are around 300 projects in the pipeline for 2020, as well as for Dubai’s 2021 plan.
“This means Brazilian companies have good opportunities to enter or maintain a presence in the market.”
Construction remains a strong sector for Brazilian exports, with Saudi Arabia its biggest market. The UAE and Kuwait are the country’s second and third largest markets respectively.