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Expo for textiles light industries set for opening
(MENAFN- Arab News) DAMMAM: The 6th Winter International Trade Exhibition for Textiles and Light Industries opens on Sunday. The seven-day expo showcases the latest developments in the light industrial sector across the Kingdom.
This year's expo covers all family requirements of readymade fabrics carpets furniture gifts antiques handicrafts leather items light industrial products household items kitchenware and decorative items the show organizers said.
There is a wide international participation in the show which reflects Dhahran Expo's provision of multiple options for visitors. The participating countries include the UAE Qatar Kuwait Bahrain Egypt Malaysia China India and Pakistan.
Dhahran Expo stressed that the development of the Saudi industrial and trade sector helps to open the way for many foreign investments to identify investment opportunities as the exhibition is one of the most important communication points between investors and local market.
It is expected that the number of Saudi factories will increase by 2 to 6 percent during the next five years with investments estimated at SR2 trillion.
During the exhibition period there will be opportunities to learn about the developments in Saudi industries related to winter supplies especially as the Kingdom remains in the forefront of the GCC countries in terms of the demand for textiles and fabrics backed up with population growth and diversified development programs.
Import demand of the Saudi textile market which is estimated to be about $4 billion is increasing by 13-15 percent annually. Also investments in textiles and fabrics in the domestic market recorded $ 10.67 billion at the end of 2014. Investment opportunities are increasing since then with new international investors studying the market prospects.
The exhibition has become a major annual meeting for all commercial sectors in the Middle East-Gulf region.
It is recognized an integrated fair in the Eastern Province one of the most important commercial and industrial areas of the Kingdom.
Businessmen and traders consider the exhibition as a valuable opportunity for local and international companies for marketing their products.
This year's expo covers all family requirements of readymade fabrics carpets furniture gifts antiques handicrafts leather items light industrial products household items kitchenware and decorative items the show organizers said.
There is a wide international participation in the show which reflects Dhahran Expo's provision of multiple options for visitors. The participating countries include the UAE Qatar Kuwait Bahrain Egypt Malaysia China India and Pakistan.
Dhahran Expo stressed that the development of the Saudi industrial and trade sector helps to open the way for many foreign investments to identify investment opportunities as the exhibition is one of the most important communication points between investors and local market.
It is expected that the number of Saudi factories will increase by 2 to 6 percent during the next five years with investments estimated at SR2 trillion.
During the exhibition period there will be opportunities to learn about the developments in Saudi industries related to winter supplies especially as the Kingdom remains in the forefront of the GCC countries in terms of the demand for textiles and fabrics backed up with population growth and diversified development programs.
Import demand of the Saudi textile market which is estimated to be about $4 billion is increasing by 13-15 percent annually. Also investments in textiles and fabrics in the domestic market recorded $ 10.67 billion at the end of 2014. Investment opportunities are increasing since then with new international investors studying the market prospects.
The exhibition has become a major annual meeting for all commercial sectors in the Middle East-Gulf region.
It is recognized an integrated fair in the Eastern Province one of the most important commercial and industrial areas of the Kingdom.
Businessmen and traders consider the exhibition as a valuable opportunity for local and international companies for marketing their products.
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