GCC Building Material Investments at USD 31 billion for 2011, GOIC Report

Doha, May 03 (QNA) -The GCC member states' investments in building materials industry are estimated at USD 31 billion for 2011, said the Gulf Organization for Industrial Consulting (GOIC) here Thursday. A report by the Doha-based company, said in a report published here today that the number represented around 9.5 % of the money invested in manufacturing industries, which hit around USD 323 billion. It noted that factories involved in manufacturing industries were around 16.4% of the 13,782 factories operating in 2011. (QNA)