Investing in the cladding board factoryproject in Saudi Arabia represents an investment opportunity during 2022, especially in light of the Kingdom of Saudi Arabia’s 2030 vision to advance the national economy, strengthen the components of the non-oil economy, and seek to occupy a distinguished position among the global economies.
What is a cladding panel factory?
The Cladding Panel Factory produces aluminum cladding panels, which are panels that combine aluminum and plastics in their composition. Cladding panels are used to cover the facades of buildings due to their light weight, durability, fire and water resistance, multiple colors, beautiful designs, and low prices.
In 2020, the value of Global Cladding Board Market is expected to reach $5,847 million. Global Cladding Board Market will reach USD 9707.1 million by 2030; thus, the Global Cladding Board Market achieved a CAGR of 5.2% during the period (2021-2030).
Mashroo3k Consulting confirms that establishing a cladding panels factory presents a promising investment opportunity in Saudi Arabia. Below are some key indicators supporting investors interested in this project:
In 2021, Saudi Arabia imported aluminum and its products worth approximately $1.5 billion.
The annual average growth rate of aluminum product imports in the Kingdom stood at 3% between 2017 and 2021.
For more details on the latest economic indicators, investment opportunities in Saudi Arabia, and key funding sources for successful projects, you can contact the Investor Support Team at Mashroo3k Consulting.
