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
 Sep 4 2015 - Qatar- Boost for Ooredoo SupernetGulf Times
(MENAFN - Gulf Times) Ooredoo's network enhancement project for its "Supernet" has made "significant progress" with the addition of 21 new sites across the country and the successful upgrade of 400 ...

 Sep 4 2015 - Qatar- Tax authorities' association to meetGulf Times
(MENAFN - Gulf Times) Qatar's Ministry of Finance will host the 12th Technical Conference of the Association of Tax Authorities of Islamic Countries (ATAIC) from September 6 to 10. The five-day ...

 Sep 4 2015 - Qatar- Mobile ATMs 'to benefit migrant workers'Gulf Times
(MENAFN - Gulf Times) Ahlibank is planning to deploy mobile ATM machines in labour camps and locations where many migrant workers congregate as part of its efforts to support Qatar's new Wage ...

 Sep 4 2015 - Qatar- Start early to avoid traffic rush, Doha motorists advisedGulf Times
(MENAFN - Gulf Times) Doha residents have been advised to start early, opt for car pooling and take alternative routes wherever traffic diversion has been put in place, as the schools start the next ...

 Sep 4 2015 - Qatar envoy to Belgium meets director of UNRWA EU officeGulf Times
(MENAFN - Gulf Times) HE Qatar's ambassador to the Kingdom of Belgium and head of Qatar's Mission to the European Union Sheikh Ali bin Jassim al-Thani met in Brussels yesterday with Director of the ...

 Sep 4 2015 - Qatar- Thundery rain possible in some areas: Met officeGulf Times
(MENAFN - Gulf Times) There is a chance of thundery rain at some places in Qatar on Friday and Saturday, the Met Office said.Easterly winds will also cause an increase in relative humidity. But the ...

 Sep 4 2015 - Qatar Airways launches eighth route to SaudiGulf Times
(MENAFN - Gulf Times) Qatar Airways has launched services to its eighth destination in Saudi Arabia, Abha, with four flights a week. The inaugural flight landed at Abha International Airport at ...

 Sep 4 2015 - Qatar- Food importers call for faster clearance at Doha portGulf Times
(MENAFN - Gulf Times)Importers of foodstuff fear the prices of some essential items could go up if prompt action is not taken to reduce the time required to clear goods at Doha Port.They point out ...

 Sep 4 2015 - Qatar- Official meets dignitariesGulf Times
(MENAFN - Gulf Times) HE the Attorney General Dr Ali bin Fetais al-Marri met yesterday with Tunisian deputy parliament speaker Abdulfettah Moro. During the meeting, the two sides reviewed issues of ...

 Sep 3 2015 - SABIC cuts steel price by SR 200 per tonSaudi Press Agency
(MENAFN - Saudi Press Agency) Riyadh Dhu-AlQa'dah 19 1436 September 03 2015 SPA --Saudi Basic Industries Corporation "SABIC" announced that it cut the steel price by SR 200 per ton in all regions ...

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