According to a new report by UnivDatos Market Insights, the MENA Green building materials Market is expected to reach USD 7,931.40 Million in 2022 by growing at a CAGR of 10.26%. Green building materials are materials that are environmentally responsible and resource-efficient throughout a building’s life cycle, from planning to design, construction, operation, maintenance, renovation, and demolition. The rising government’s carbon-reducing goals and massive abundance of green building materials resources in the MENA region are driving the growth of green building materials. In the UAE, in May, the cabinet approved a total of 78 environmental initiatives in preparation for hosting COP28. In July, Abu Dhabi Global Market (ADGM) announced the implementation of its sustainable finance regulatory framework with immediate effect. The growing energy demands through sustainable sources and green building materials projects offer job opportunities and stimulate economic growth.
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The report suggests that the rising government’s carbon-reducing goals and massive abundance of green building materials resources in Middle East and North Africa (MENA) region had a significant impact on the green building materials industry in the MENA region. Some of the ways in which this impact has been felt include:
· In July 2020, Air Products & Chemicals (“Air Products”), whose principal business is selling gases and chemicals for industrial use, announced plans to build a green hydrogen plant in Saudi Arabia. The plant will be powered by 4 GW of wind and solar power, making it the world’s largest such project.
· In March 2020, the DEWA Research and Development Centre (the “R&D Centre”), part of the Mohammed bin Rashid Al Maktoum Solar Park, was opened. The R&D Centre is focused on four major operational areas: “electricity generation from solar and clean energy, integration of smart grids, energy efficiency, and water”.
· In October of this year, the UAE became the first Gulf country to commit to eliminating planet-warming emissions within its borders. The UAE committed to invest AED 600 billion (USD 163 billion) in clean and green building materials by 2050 as part of its efforts to achieve climate neutrality. In addition, the UAE has recently announced that it has won its bid to host the COP28 conference in 2023 (the UN Climate Change Conference is the largest global conference of heads of states and governments on climate and environmental issues).
Apart from this, in recent years, several governments in the Middle East and North Africa have implemented policies and provided funding support to enhance the growth of the Green building materials industry. Some examples include:
The UAE Energy Strategy 2050 targets an energy mix that combines renewable, nuclear, and clean energy sources to meet the UAE’s economic requirements and environmental goals. According to this strategy document, by 2050, 44% of the country’s energy must come from clean energy sources which include low carbon hydrogen.
In September 2009 FANR was established to be the regulatory body for the nuclear sector in the UAE in accordance with Federal Law by Decree No 6 of 2009, Concerning the Peaceful Uses of Nuclear Energy, which was issued by the UAE President H.H. Sheikh Khalifa bin Zayed Al Nahyan.
Abu Dhabi Law No 7 of 1971 which established ADNOC.
Abu Dhabi Law No 4 of 1976 being a gas ownership law entitling ADNOC to exploit Abu Dhabi’s gas resources through joint agreement and projects undertaken with third parties.
§ In 2016, the role of the Ministry of Environment and Water was expanded to manage all aspects related to international and domestic climate change affairs, which led to the establishment of Ministry of Climate Change and Environment.
Dubai Law No 19 of 2009 which established the Dubai Supreme Council of Energy.
For a detailed analysis of the MENA Green Building Materials Market browse through – https://univdatos.com/report/mena-green-building-materials-market/
Conclusion
In conclusion, The MENA region is witnessing a surge in green building materials capacity, with solar and wind energy potential fulfilling local demands and setting the stage for becoming green building materials exporters. The construction sector is a significant contributor to the country’s economy, and the government is actively encouraging the use of eco-friendly materials and practices. This has created a substantial market for green building materials. Additionally, the abundance of renewable energy sources like solar power in the region provides opportunities for integrating energy-efficient technologies into building designs, further boosting the demand for such materials.
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