Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

UAE - Fabrication sector upbeat, expects strong growth  Join our daily free Newsletter

MENAFN - Khaleej Times - 08/01/2014
No. of Ratings : 0
Add to Mixx!


(MENAFN - Khaleej Times) Set to give leads into opportunities on offer in the new year and presenting technological innovations from across the world, the 10th SteelFab will be held at Expo Centre Sharjah from January 20 to 23



"There is much to look forward to in the new year for the regional metal working, metal manufacturing and steel fabrication industry. Right from the World Expo 2020 to the expanding construction and oil and gas sectors, the fabrication industry never had it so good ever since the slowdown-hit 2008. The sector is poised for solid growth," said Saif Mohammed Al Midfa, CEO of Expo Centre Sharjah



Apart from the official figure of 24 billion earmarked for building infrastructure and other facilities for World Expo 2020, it has emerged in a HSBC report that the event would attract an additional 10 billion of private sector spending too, positively impacting the fabrication industry



The construction and oil and gas sectors continue to be key demand drivers for the fabrication industry in the GCC, with the construction sector seeing nearly 52 billion of contracts awarded durng 2013 and the oil and gas sector planning to invest 666 billion to boost its capacities, as oil prices continue to remain bullish




"The regional governments' increasing focus on the industrial and manufacturing sector is also generating good demand for the metal working and fabrication industry. The pipeline industry representatives also throng the event, given the demand from the oil and gas sector and the power and water desalination sector," said Midfa



According to recent reports, the GCC pipes industry is to invest 18 billion in the next five years in new pipelines and associated infrastructure, while the total industrial investments in the GCC stood at 338 billion in 2012, up from 81 billion in 1998. These positive indicators have encouraged leading manufacturers and dealers of equipment and technology to flock to SteelFab 2014, which has registered a 50 per cent expansion in the exhibition space and a 25 per cent rise in the number of exhibitors. For its 10th edition the show will feature more than 300 exhibitors displaying over 700 brands at 24,000 square metres of exhibition space


 


Khaleej Times




  MENA News Headlines
 Feb 25 2017 - Loyyal collaborates with Smart Dubai in second phase of Dubai Future Accelerators ProgramMENAFN Press
(MENAFN Editorial) [email protected]/* */.About Smart DubaiThe Smart Dubai Office leads Dubai's smart city program, utilising technology innovation to improve efficiency and enhance experiences for ...

 Feb 25 2017 - Monty Mobile Signs An SMS Management Gateway deal with Palestine Cellular Communications, Ltd (Jawwal)MENAFN Press
(MENAFN Editorial) Monty Mobile once again is expanding its connections, and has now signed a new SMS Management Gateway deal with Palestine Cellular Communications, Ltd (Jawwal) BEIRUT, LEBANON, ...

 Feb 25 2017 - Monty Mobile's Successful RVS (Roaming, VAS and SMS) Operator's EventMENAFN Press
(MENAFN Editorial) Monty Mobile has been the proud host of 3 RVS events in Dubai and Kuala Lumpur gathering Operators representatives from around the world. BEIRUT, LEBANON, February 20, 2017 ...

 Feb 25 2017 - Vodafone, Orange, du, Zain to discuss next-gen CEM strategiesMENAFN Press
(MENAFN Editorial) The future of telecommunications is data-centric and digital-savvy consumers who will dominate the next decade of growth. DUBAI, UNITED ARAB EMIRATES, February 20, 2017 ...

 Feb 25 2017 - GCC's inaugural 'Cargo and Personnel Screening Conference' starts todayMENAFN Press
(MENAFN Editorial) Organized by IQPC with strategic partnership of Dubai Customs DUBAI, UNITED ARAB EMIRATES, February 19, 2017 /EINPresswire.com/ -- The Cargo and Personnel Screening Conference, ...

 Feb 25 2017 - Touch Screen Controllers Market to Reach $13.78 billion with 36.5% CAGR Forecast to 2020MENAFN Press
(MENAFN Editorial) Global Touch Screen Controllers Market 2017 Share, Trend, Segmentation and Forecast to 2020 PUNE, INDIA, February 20, 2017 /EINPresswire.com/ -- Touchscreen displays are in huge ...

 Feb 25 2017 - A Vehicle of Excellence for the Next Wave of PPP Development in the GCC RegionMENAFN Press
(MENAFN Editorial) Removing Financial Barriers to Meet Infrastructure Demands through PPP and Alternative Financing Options data-ad-slot="4736253037" Dubai has always been seeking ...

 Feb 25 2017 - Reputable Obstetrician and Gynecologist Sami Zeineddine, MD, FACOG, will be Spotlighted in The Leading Physicians of the WorldMENAFN Press
(MENAFN Editorial) The International Association of HealthCare Professionals is pleased to welcome Sami Zeineddine, MD, FACOG, Obstetrician and Gynecologist, to their prestigious organization with ...

 Feb 25 2017 - Acclaimed Registered Nurse Darria M. Lloyd, RN, BSN, will be Spotlighted in the Worldwide Leaders in HealthcareMENAFN Press
(MENAFN Editorial) The International Nurses Association is pleased to welcome Darria M. Lloyd, RN, BSN, to their prestigious organization with her upcoming publication in the Worldwide Leaders in ...

 Feb 25 2017 - MEDIA ALERT: AMA Tampa Bay's 2nd Annual Marketer of the Year Awards Thursday, March 2, 2017 | #PRNCMENAFN Press
(MENAFN Editorial) Who: The American Marketing Association Tampa Bay What: AMA Tampa Bay's 2nd Annual Marketer of the Year Awards When: Thursday, March 2, 2017, 5:30-8:30 PM Where: ...

more...


 





Google

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

Search News
Market Indices
Quotes & Charts

Global Indices
Arab Indices

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Economic Calendar
Financial Glossary


Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help