Investing in a cladding panel factory in Yemen represents a significant investment opportunity in 2022, particularly in light of Yemen’s Vision 2030, which aims to advance the national economy, enhance the foundations of economic stability, and strive to occupy a prominent position among global economies.
What is a cladding panel factory project?
The cladding panel factory manufactures aluminum and plastic composites to produce cladding panels in various sizes. Cladding panels are used to cover building facades due to their light weight and durability. And its resistance to fire and water, In addition to its variety of colors, beautiful designs, and low prices.
In 2020, the value of the global cladding panels market reached to US$5,847 million, The value is expected to reach Global cladding panel market to US$9,707.1 million by 2030, And so it is The global cladding panels market has achieved a CAGR of 5.2% during the period (2021-2030).
Yemen is considered one of the best countries to implement this project due to the increasing demand for cladding panels in recent times. If we look at Yemen’s imports of aluminum and its products over the past years, we will notice an increase in demand year after year.
In 2020, Yemen’s imports of aluminum and its products were estimated at approximately US$96.9 million. This figure rose to US$115.9 million in 2021 and is expected to exceed US$220 million by 2027.
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.
