Investing in an artificial stone factory in Yemen represents a promising investment opportunity in 2022, particularly in light of Yemen’s Vision 2030, which aims to advance the national economy, strengthen the foundations of economic stability, increase the country’s exports, and raise the per capita share of the gross domestic product (GDP). This is achieved by accelerating the industrialization process and encouraging public-private partnerships.
What is an artificial stone factory?
Artificial stones are widely used in decoration, construction, and flooring. They add an aesthetic touch to home and building facades, thanks to their diverse shapes and colors. Colored aggregates made from white cement, glass sand, and small pebbles are used in the manufacture of artificial stones, along with certain chemicals that help control the size and hue of the final product.
In 2020, the value of the global artificial stones market reached 20.28 billion US dollars, and the value increased Global artificial stones market to $21.05 billion by the end of 2021. It is expected to reach The global artificial stones market is expected to reach USD 25.67 billion by 2027.
Official statistics indicate a significant boom in the construction sector in Yemen, driven by new urban expansions and the Yemeni government’s commitment to developing infrastructure, implementing reconstruction policies, and expanding the construction of service facilities such as schools, hospitals, water treatment projects, and power generation.
For more details on the latest economic indicators and investment opportunities in Yemen, as well as the most prominent funding agencies supporting successful investment projects in the country, you can contact the investor services team at Mashroo3k Consulting.
