Quotes: US 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


 






  MENA News Headlines
 Aug 30 2014 - Watania regulators approve selling 60.53 percent stakeMENAFN
(MENAFN) Takaful Co (Watania) said that UAE regulators had approved the sale of 60.53 percent of the firm to MB UAE Investments and an affiliate of MB, The Peninsula Qatar reported.Watania said MB ...

 Aug 30 2014 - Qatar Airways orders 80 Airbus A350 XWB jetsMENAFN
(MENAFN) Qatar Airways has ordered 80 Airbus A350 xtra widebody aircraft, which are set to be delivered before the end of this year, Khaleej Times reported.The A350 MSN005 development aircraft ...

 Aug 30 2014 - Flydubai's network covers 80 destinationsMENAFN
(MENAFN) Flydubai announced the addition of three new East African routes, bringing the total number of destinations in the carrier"s network to 80, Khaleej Times reported.With the launch of flights ...

 Aug 30 2014 - Four int'l firms bid Saudi Aramco's projectMENAFN
(MENAFN) Four companies have expressed interest in bidding for work on Aramco"s gas project in Saudi Arabia as the Kingdom encourages plans to develop challenging shale deposits, Arab News ...

 Aug 30 2014 - Ronn LucasVentriloquism Fun Facts Weekly SpecialMENAFN Press
(MENAFN Press) Celebrity Dummies serves as the largest seller of ventriloquist dummies in the area of Tampa FL nowadays. The company is well known in the different parts of the country at the ...

 Aug 30 2014 - Noted Wellness ExpertDr. Antwala Robinson DNP FNP-BC APRNAnnounces Publication of Her Latest BookYou Rule! Take Charge of Your Health and LifeCoincides With "Childhood Obesity Month"MENAFN Press
(MENAFN Press) "You Rule!…" is a healthy lifestyle guide for teens and goes into depth concerning Child and Teen Obesity Issues. Presents a plan for optimum wellness and solutions for ...

 Aug 30 2014 - TradesCraft Proves Successful in Matching EmployersEmployees in First YearMENAFN Press
(MENAFN Press) TradesCraft is proud to announce their ultimate job network website for employers and job seeker interested in skilled trade industries.Online PR News – 28-August-2014 – ...

 Aug 30 2014 - Skin Wellness Center Adds NeoLTS Light Therapy For Younger Looking Skin and HairMENAFN Press
(MENAFN Press) The Skin Wellness Center at Atlantic Plastic Surgery has recently acquired NeoLTS the newest and most sophisticated LED light therapy system.Online PR News – 28-August-2014 ...

 Aug 30 2014 - TShirt.in Brings In an Exclusive Collection of Corporate Polo T Shirts and Other T Shirts OnlineMENAFN Press
(MENAFN Press) We have recently introduced an exclusive range of Polo T Shirts that are suitable for casual outing as well as corporate presentation.Online PR News – 28-August-2014 – ...

 Aug 30 2014 - Punyam Management is Announcing to offer FSSC 22000 Certification Consultancy for Food Safety SystemMENAFN Press
(MENAFN Press) Punyam has experience and expertise team to effectively implements food safety system is now offering FSSC 22000 certification consultancy for FSMS.Online PR News – ...

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

IPO News
Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

US Markets Details

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
Investment Game
Economic Calendar
Financial Glossary

My MENAFN
Portfolio Tracker

Voting

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


 
© 2000 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help