Investing in an industrial paints 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 global economies.
Industrial Paints Factory Idea
The industrial paints factoryprovides a variety of paints and coatings used in the construction industry. There is no doubt that this project will be highly profitable in Saudi Arabia, especially after the establishment of new cities and urban expansions that the Kingdom has witnessed in recent years. It is noteworthy that the project’s products will be of high quality, characterized by stronger stability and modern colors in line with the times.
In 2021, the value of the global paints and coatings market was valued at USD 160.03 billion and is expected to grow the global paints and coatings market from $167.04 billion by the end of 2022 to $235.06 billion by 2029, representing a staggering and unprecedented growth rate.
Mashroo3k Consulting confirms that an industrial paints factory will be a highly successful project in the Kingdom of Saudi Arabia, especially after the tremendous expansion of the construction sector today. It is worth mentioning that construction and building licenses in the Kingdom increased at an average annual rate of 11.2% during the period (2015-2021).
For more details about the latest economic indicators and investment opportunities in Saudi Arabia, as well as the most prominent financing entities that support successful investment projects in Saudi Arabia, you can contact the investor service team from Mashroo3k Consulting.
