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 during 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
 Jun 30 2015 - Major Movers: Capital Lease Aviation Mountfield Group Motive TV San Leon Energy Wim SinclairProactiveInvestors - UK
(MENAFN - ProactiveInvestors)Below are some of the main news-driven share price changes at 10.30am. RISERS Capital Lease Aviation (LON:CLA) up 12.4%. The commercial passenger aircraft leasing company ...

 Jun 30 2015 - UPDATE - Northcote Energy starts new well at Shoats CreekProactiveInvestors - UK
(MENAFN - ProactiveInvestors)-ADDS DETAIL FROM FINANCIAL RESULTS STATEMENT- Northcote Energy (LON:NCT) has begun drilling operations on a new well at the Shoats Creek property in Louisiana. The ...

 Jun 30 2015 - Obtala puts a little more meat on the bones of divestment planProactiveInvestors - UK
(MENAFN - ProactiveInvestors)Obtala Resources (LON:OBT) said its strategy for 2015 will revolve around spinning out the timber business from the farming and retail businesses in order to realise more ...

 Jun 30 2015 - SolGold sees consistent copper shows in latest hole at CascabelProactiveInvestors - UK
(MENAFN - ProactiveInvestors)SolGold's (LON:SOLG) final assays from the eleventh hole at Cascabel showed copper indications continued over the final 600m. A bulk interval of 636m at 0.58% copper and ...

 Jun 30 2015 - Jubilee pays second tranche for DCMProactiveInvestors - UK
(MENAFN - ProactiveInvestors)Jubilee Platinum (LON:JLP) said it had handed over the second of three share-based payments for the DCM project in South Africa for £207000 as it revealed it has received ...

 Jun 30 2015 - Madagascar Oil poised for catalysts as Tsimiroro advancesProactiveInvestors - UK
(MENAFN - ProactiveInvestors)It is very rare for a company as small as Madagascar Oil (LON:MOIL) to have a resource as large as Tsimiroro so says recently appointed chief executive Robert Estill. ...

 Jun 30 2015 - Sula expects gold trench results within three weeksProactiveInvestors - UK
(MENAFN - ProactiveInvestors)Sula Iron & Gold (LON:SULA) expects to report recent gold programme results from its Ferensola project in Sierra Leone in coming weeks as discussions continue it said ...

 Jun 30 2015 - Dubai plans to build 3 D printed office buildingArab News
(MENAFN - Arab News) DUBAI United Arab Emirates: Fast-growing Dubai where something new is always being added to the skyline may have found a way to make construction move even faster. The Gulf ...

 Jun 30 2015 - Top Philippine police chief 10 others ordered dismissed over contractArab News
(MENAFN - Arab News) MANILA Philippines: The Philippines' anti-graft prosecutor on Tuesday ordered the national police chief and 10 other officers dismissed from the service for approving a contract ...

 Jun 30 2015 - Al Omaniya to acquire United FinanceMENAFN
(MENAFN) Al Omaniya is set to submit a full acquisition offer for Oman's United Finance, a deal which UF's board has been considering for a while, Reuters reported.Last month, United Finance asked ...

more...


 






Google

Click to Apply

 
 

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

Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

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