Trade proliferation and economic development, these changes not only benefit the evolving economic system in Middle East countries, but also bring new business opportunities for Chinese companies. Many local brands are in the process of growing up, and they need to have the brains and powerful suppliers to compete with them to compete for more international market share. This is more than just selling products for Chinese companies with a certain reputation. More valuable opportunities, representative of the bathroom hardware, opening up emerging markets are full of development opportunities.
The United Arab Emirates is experiencing an unprecedented boom in the real estate industry. The construction of high-end residences and hotels has brought strong demand for high-grade sanitary hardware products.
According to the UAE government’s plan, the United Arab Emirates will continue to invest 14% of its annual oil sales for many years, including the construction of 500 three-star-plus international hotels, 200,000 villas, and 60 mosques in order to put Dubai in the UAE. Three major cities such as Abu Dhabi and Sharjah have become international tourist cities in the Middle East. The UAE's annual growth rate of buildings will exceed 25%. In the next 10 years, the United Arab Emirates will invest at least 100 billion U.S. dollars in construction, which makes the prospects of the sanitary hardware market also very wide in the UAE.
In addition, according to China’s customs statistics, bilateral trade volume between China and the UAE reached US$5.81 billion in 2003, an increase of 49.1% year-on-year, of which China’s exports to the UAE reached US$5.04 billion, an increase of 46%. The UAE has become China’s largest export trade country in the Middle East, and it is expected that bilateral trade volume will also increase significantly in 2004. This favorable situation can play a strong role in promoting the export of China's sanitary hardware companies.
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Medical Device Type Aluminum Profile
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