Saudi Cement, a major cement producer in Saudi Arabia, is generally benefiting from rising construction activity in the region.
$SA000787949
$Yamama Saudi Cement Company, another large Saudi cement producer with export activities.
$SA0007879451
Gulf Cement Company (UAE, Ras Al Khaimah), supplies local and export markets, typical "rebuild story" during infrastructure booms
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Internationally, engineering and EPC groups such as $FLR (-4,67%)
(FLuoR) or infrastructure investors such as $BIP
Brookfiwls Infrastructure (BIP) could win contracts for major energy and transportation projects if Western companies are allowed to participate.
A more stable political framework and reconstruction projects often support the overall market sentiment in the Gulf region.
Saudi market (Tadawul): Besides cement, also banks (e.g. Al Rajhi), utilities and energy/renewable stocks; benefiting from lending, power demand and project financing.
UAE markets (Dubai, Abu Dhabi): Construction/building materials companies, real estate developers and utilities (e.g. DEWA) benefit from higher investment and population growth.
Qatar/Kuwait/Oman: Cement, infrastructure and banking stocks, provided they receive orders in Iran/Israel or the surrounding area (transit, ports, pipelines, rail).
For a broadly diversified "peace/reconstruction trade", broadly diversified MENA or GCC equity indices covering Saudi Arabia, UAE & Co. are particularly useful.
Xtrackers MSCI GCC Select Swap UCITS ETF 1C (ISIN: IE00BQXKVQ19, ticker e.g. XGLF), tracks an MSCI GCC index: heavyweight Saudi Arabia, alongside UAE, Qatar etc.:
Index basis MSCI GCC Countries / Select, i.e. large and mid caps from the Gulf markets; typical sectors are finance, energy, materials (incl. construction/cement) and communications:
UCITS structure, accumulating, synthetic replication (swap), domiciled in Luxembourg.
Xtrackers MSCI EM Europe, Middle East & Africa ESG Swap UCITS ETF 1C (ISIN: LU0292109005, Ticker: XMEA):
Index MSCI Emerging Markets EMEA Low Carbon SRI Selection Capped - includes EM Europe plus parts of the Middle East/Africa, ESG-filtered.
TERca. 0.65% p.a., accumulating, synthetic replication, UCITS, Luxembourg.
