Dubai, UAE; Wednesday, October 30, 2024: The Middle East construction market continues to thrive, driven by significant development activities in Saudi Arabia, the UAE, Oman, Qatar, and Egypt, which are the largest construction markets in the region. As of the first quarter of 2024, the construction project pipeline value in the UAE reached US$590 billion (Dh2.16 trillion), accounting for 15% of the regional total, according to a recent report by Jones Lang LaSalle (JLL).
Residential projects are projected to contribute US$125 billion (21%), while mixed-use developments represent US$232 billion (39%). Notably, the number of awarded projects in the UAE surged to US$87 billion in 2023, a substantial increase from US$31 billion in 2022, reflecting the nation’s economic diversification and investment growth.
GCC Project Pipeline Exceeds US$2.7 Trillion
According to the Middle East Economic Digest (MEED), the Gulf Cooperation Council (GCC) boasts a remarkable project pipeline exceeding US$2.7 trillion, with Saudi Arabia alone comprising US$1.5 trillion of this total. This robust growth presents significant opportunities for construction firms and suppliers in the region, highlighting the potential for ongoing development and investment.
Build Well: Expanding Footprint in the GCC Construction Market
Dubai, UAE; Wednesday, October 30, 2024: Build Well, a leading construction and building materials company specializing in fire-rated steel doors, architectural hardware, and high-quality building materials, is expanding its footprint across the Middle East and globally. With eight offices, Build Well is poised to support the booming US$3.9 trillion (Dh14.3 trillion) construction industry in the region.
Regional Expansion and Leadership Vision
Build Well, which provides essential safety products for construction projects, ensuring compliance with industry standards, has established bases in Lebanon and Kuwait and expanded its regional presence with offices in Saudi Arabia, Qatar, and the UAE, in addition to its global offices in the UK and the US.
“As the demand for construction services grows, driven by infrastructure, housing, and real estate sectors, Build Well has expanded its operations in the GCC with multiple offices to cater to the increasing need for high-quality, durable, cost-effective, green, and sustainable products in the Middle East region,” said Raji Maalouf, Chief Executive Officer of Build Well Co.
“Our focus is on delivering the latest environmentally-friendly innovative and sustainable building materials that enhance the lifecycle of buildings and reduce their carbon footprint.”
Commitment to Quality and Safety
Build Well aims to be the leading supplier of fire-rated steel doors and ironmongery in the Middle East, setting industry standards for quality, safety, and innovation. Its mission is to advance construction safety and architectural solutions across the region by delivering certified and durable products.
Target Market and Innovative Solutions
Targeting large business contractors (B2B), particularly those engaged in commercial, industrial, and residential projects, Build Well has established itself as a trusted supplier of certified fire-rated steel doors and architectural hardware. The company is committed to building credibility within the industry and fostering long-term partnerships with key stakeholders.
With a focus on large contractors, architects, developers, and government entities involved in major construction projects, Build Well offers innovative fire-rated steel doors that meet stringent safety standards, underscoring its commitment to safety, product quality, and regulatory compliance.
Competitive Advantage and Market Challenges
Build Well differentiates itself through its unwavering dedication to quality and safety. The company specializes in certified fire-rated steel doors, ensuring compliance with the highest safety standards, making it a trusted partner for large-scale construction projects. Its emphasis on customer service and strategic partnerships further distinguishes it from competitors.
Raji Maalouf, an accomplished architect and business leader with over two decades of experience, states, “As market opportunities increase due to growing construction activities, we see significant potential for new large-scale projects in Dubai and other regions of the Middle East. The key challenge is the high level of competition from other suppliers of fire-rated steel doors and architectural hardware.”
“Build Well is focused on enhancing its market reputation by emphasizing its certified products, commitment to safety, and exceptional customer service. We differentiate ourselves through our product quality, certified fire-rated products, compliance with safety standards, and outstanding customer support.”
Founder’s Journey and Professional Affiliations
Build Well is Raji Maalouf’s first company. As a Lebanese entrepreneur, he ventured into the construction industry with a vision of quality and safety. Since its establishment, he has successfully led Build Well to become a recognized name in the field, known for its commitment to certified products and excellent customer service.
Maalouf is a member of the Association of Licensed Architects and the American Institute of Architects (AIA) and actively participates in prestigious architectural and design organizations. His professional memberships in the Council for International Accreditation of Architecture and Design (CIAAD), the European Association for International Education, and the International Design Educator Council (IDEC) reflect his dedication to excellence, international collaboration, and continuous development in architecture and design.
