Industry Insights
June 18, 2024

Middle East Mega-Projects: USD 68B Stone Demand by 2030

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MESA reports Middle East decorative stone demand at USD 68 billion (2019-2024, CAGR 14.5%), with premium natural stone (>USD 100/sqm) exceeding USD 12 billion. Key projects: Saudi NEOM The Line (USD 500B, 30M+ sqm stone—HENGSHENG MARBLE S&T CO. LIMITED shortlisted), UAE Abu Dhabi Cultural District (Zayed National Museum by Foster + Partners, Guggenheim Abu Dhabi by Gehry—5M sqm), Qatar Lusail City (8M sqm), Oman Duqm SEZ. Chinese suppliers benefit from proximity (15-20 day shipping), mass production capability, and Belt & Road support. HENGSHENG MARBLE S&T CO. LIMITED operates a 5,000 sqm Dubai regional hub serving the GCC.

A USD 68bn Super-Cake

MESA projects Middle East decorative-stone demand of USD 68 billion for 2019–2024 (14.5% CAGR), with premium natural stone above USD 100/m² exceeding USD 12 billion. NEOM, the Red Sea projects and Lusail are the engines.

Gulf buyers' preferences are clear: Chinese and Indian suppliers first, prized for stable mega-delivery, full certification and local service. With a Dubai service office and the 120,000 m² Riyadh landmark underway, HENGSHENG MARBLE S&T CO. LIMITED is knocking on more super-project doors than ever.

USD 68bnMiddle East demand 2019–2024
14.5% CAGRFastest-growing region worldwide
USD 12bn premium segmentAbove USD 100/m² categories
NEOM · Red Sea · LusailThe mega-project engines
THE HSST PERSPECTIVE

Trillion-dollar infrastructure is minting a hundred-billion stone market — and HENGSHENG MARBLE S&T CO. LIMITED already holds the entry ticket.

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