(MENAFN - Khaleej Times) Majority of the exhibitors taking part in a multi-industry trade event in sharjah are utilising the opportunity to explore the possibility of expanding their presence in the fast-growing middle east and north africa market
Visitor turnout and participation at the second plastivision arabia second arabia mold inaugural print pack arabia and the fifth international conference for plastics conversion (plasticon) was high on the first three days of the event. the three trade fairs and the conference opened at expo centre sharjah on april 7 and will conclude today. “the first three days were fantastic. with one more day to go we are expecting further surge in visitors to the multi-industry events. most of the exhibitors are optimistic about the mena and gcc growth story and are planning to expand their presence in the region” said saif mohammed al midfa ceo expo centre sharjah.
Visitors at the plastivision arabia arabiamold and printpack arabia 2014 at the sharjah expo centre. — kt photo by m. sajjad
The world bank group’s latest regional economic update projects growth in the middle east and north africa (mena) region to accelerate from an average of 2.6 per cent in 2013 to 4.6 per cent in 2015. higher global and regional demand is also expected to boost exports of manufactured products it said. rising real estate prices and mega events like world expo 2020 and fifa orld cup 2022 taking place in quick succession are expected to further boost growth.
“we are planning to expand in the gcc & africa market to join the development and growth happening here” said hemanth kumar managing director accurate international trading which is showcasing a set of international products from asia and europe at arabia mold. “we are receiving high interest in our products” he added.
The foreign participation in the event is dominated by indian exhibitors mainly due to the tie-up with all india plastics manufacturers association for plastivision arabia and the indian printing packaging and allied machinery manufacturers’ association for print pack arabia.
“the regional market is on a high growth path as we can see our customers are modernizing their products to catch up with rapidly changing market needs. at print pack arabia 2014 we are drawing good response and if this continues it is going to exceed our expectations” said vinay krishnan general manager afra international. the company is exhibiting latest technologies in rigid box-making solutions at the fair.
Together the three trade fairs are targeting the plastics mold-making printing and packaging industries and are featuring more than 250 exhibitors from across the world covering a wide spectrum of industries critical to the region.