Monday, 21 May 2018 07:40 GMT

Mega projects drive wood, products demand in UAE

(MENAFN - Khaleej Times) The planned and ongoing construction of mixed-use mega projects in the UAE is driving the demand for wood, and wood related products, experts at the Dubai WoodShow said on Monday.

Dr Abdullah bin Mohammed Belhaif Al Nuaimi, UAE Cabinet Member and Minister of Infrastructure Development, officially inaugurated the 13th edition of the event and spoke about the importance of the show in light of the UAE's construction sector.

"Any segment, including the wood industry, is going to be important in a country like the UAE, which is seeing vast developments to prepare for global events such as Expo 2020," he said after the opening of the event. "The wood industry is very important to us and it is an added value to our economy."

The three-day international trade show is showcasing the latest wood products, woodworking, machine tools, and new technology; and has drawn the participation of more than 300 exhibitors from 55 countries.

The show also features six country pavilions - Canada, China, Finland, Russian Federation, Turkey, and the USA. More than 10,000 trade visitors are expected to participate at the international event - including visitors from the GCC and other markets to source the latest products, services, machineries as well as renew their existing trade relations.

Dawood Al Shezawi, president of Strategic Marketing and Exhibitions, says: "A surge in oil prices which are trading over $60 a barrel brings back optimism and as investor sentiment rides high, we have seen a string of project announcements from the beginning of this year that will later create demand for interior dcor, wood products and woodworking machineries. The massive construction activities in the GCC, especially in Dubai, will continue to drive demand for wood products and we expect to see the wood import and export value to exceed Dh4 billion recorded in 2016 - in the following years." Pacome Moubelet Bouyeba, Gabonese Minister of Forest and Environment, also spoke about the importance of sustainable logging practices, especially in a country like Gabon, which has 22 million hectares of natural forest.

"Over 88 per cent of our country is made up of rainforests, and we have a responsibility to take care of this valuable resource for the generations that will follow ours," he said. "We are seeing a huge demand from emerging economies. The GCC and Middle East has also seen a huge increase in trade volumes; over the past three to four years we have seen a 25 per cent increase in the sector."

Rohma Sadaqat I am a reporter and sub-editor on the Business desk at Khaleej Times. I mainly cover and write articles on the UAE's retail, hospitality, travel, and tourism sectors.Originally from Lahore, I have been living in the UAE for more than 20 years. I graduated with a BA in Mass Communication, with a concentration in Journalism, and a double minor in History and International Studies from the American University of Sharjah.If you see me out and about on assignment in Dubai, feel free to stop me, say hello, and we can chat about the latest kitten videos on YouTube.


Mega projects drive wood, products demand in UAE

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