Chinese steel enterprises are accelerating their investment and layout in the Middle East region Related research reports show that the scale of Middle East trade is expected to exceed $1.8 trillion in 2025, of which the proportion of non-oil trade will jump from 48% in 2023 to 55%. Emerging fields such as cross-border e-commerce, new energy equipment, and medical technology are growing at an average annual rate of over 25%. Against the backdrop of the Middle East accelerating its economic diversification process, the demand for steel in the Middle East continues to rise. The "infrastructure construction boom" has created a huge market for steel demand. Projects such as urban rail transit and commercial complexes are being continuously promoted, and the demand for medium- and high-end steel products is growing. At the same time, the development of strategic industrial fields such as oil and gas, shipbuilding, and marine engineering also puts forward higher requirements for special steel products. More info : https://www.sinosteel-pipe.com/en/chinese-steel-enterprises-are-accelerating-their-investment-and-layout-in-the-middle-east-region.html