Things are on the up-and-up for the residential sector in the Europe, Middle East and Africa (EMEA) market.
The forces brought on by pandemic recovery and the quickly approaching United Nations’ 2030 Agenda appear stronger than the downward pull of recent ongoing materials issues causing delays and increasing costs as can be seen in this summary of several Gleeds EMEA markets.
Many markets in the EMEA are continuing to build in the residential sector in response to shortages and demands for modernization. The recent EU Recovery Plan, NextGenerationEU, outlines the agreed intention to invest over €800bn in projects that address current global issues like sustainability, accessibility, and inclusion. Several member states have already defined their plans to invest in various solutions requiring construction works, such as affordable housing for all age groups, energy efficiency of buildings, low-carbon equipment and materials amongst others.
Several of these EU goals are direct responses to the United Nations 2030 Agenda and can be seen in other EMEA countries where Gleeds is active such as Egypt, Qatar, Saudi Arabia and the United Arab Emirates.
Germany has chosen to support SMEs in the timber industries, requiring upgrades to their facilities and/or technologies to prepare for increased demands in climate friendly construction materials.