Gulf Cooperation Council economically resurgent

- by Staff Writer, Concrete Thoughts, Kryton International

According to a recent report by the Institute of International Finance (IIF), the Gulf Cooperation Council (GCC) composed of Saudi Arabia, Kuwait, Bahrain, Oman, Qatar and the United Arab Emirates is expected to be the second strongest emerging market in the world after Asia. The report predicts the GCC will soon lead the Middle East’s economic recovery from global recession.

In order to capitalize on this trend, Kryton International is aiming to bolster its position in the GCC and Lebanon by appointing a specialist who can help steer the company towards future bountiful construction opportunities. Fadi Farhat was appointed to the position of territory manager earlier this year. He says he’s hoping to maximize on some impressive growth in the region. According to the IFF’s recent projections, GDP growth in the GCC is expected to be 4.4% in 2010 and 4.7% in 2011, compared to just 0.3% in 2009. This huge jump will mean a lot more construction in the area.

One of Farhat’s key roles will be to ensure Kryton is part of pushing that growth forward through infrastructure development and enhancement and will continue to play a role in driving concrete waterproofing specifications. Farhat’s well suited for this work and brings several years of construction material experience to his role at Kryton as well as a track record of winning and developing major projects.