At Centersource Technologies AB we are committed to the highest standards of ethical research and data integrity, guided by the ESOMAR Code of Conduct. Our data is sourced from a limited, anonymous market survey conducted with trusted and established industry participants. The insights derived from this survey reflect aggregated finalized prices as well as observed prices reported within the participants respective markets, with a focus on the highest prices recorded during the first two weeks of each month. These insights are provided for informational purposes only and are intended to indicate market trends rather than serve as comprehensive or fully representative market data.

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By integrating ESOMAR's ethical guidelines into our research methodology, we ensure that our practices are transparent, respectful of data confidentiality, and aligned with internationally recognized standards. This commitment not only reinforces the credibility of our insights but also builds trust with our stakeholders and industry partners.

Green Building Revolution: UAE and Saudi Arabia embrace timber construction in the Middle East

Green Building Revolution: UAE and Saudi Arabia embrace timber construction in the Middle East

Posted on May 24, 2024   |  

The Middle East, led by the UAE and Saudi Arabia, is transitioning towards timber-based construction, signaling a regional shift towards sustainability.

Despite a limited number of timber buildings erected, Dubai and Riyadh have experienced a threefold increase in imports of plywood and other timber products in the past year.

Saudi Arabia, as the world's largest oil exporter, is committed to achieving net-zero carbon emissions by 2060 and has allocated over $180 billion towards decarbonization efforts, including the adoption of eco-friendly construction materials.

The Saudi Arabia National Center for Vegetation Cover Development and Combating Desertification (NCVC) is spearheading an initiative to plant 10 billion trees, aiming to expand the country's forest cover significantly.

Saudi Arabia and the UAE are significant importers of plywood, with substantial quantities sourced from Chinese ports annually, while Nigeria and the UK rank among the top five global plywood markets.