Arab Today, arab today steel fabricators upbeat on deflecting oil price impact
Last Updated : GMT 11:46:11
Arab Today, arab today
Arab Today, arab today

Despite low oil prices

Steel fabricators upbeat on deflecting oil price impact

Arab Today, arab today

Arab Today, arab today Steel fabricators upbeat on deflecting oil price impact

Ceremony of SteelFab 2016
Sharjah - Arab Today

Despite low oil prices, the steel fabrication and metal working industry is looking to sustain its growth in the UAE and the region.

Steel fabricators are banking on commitments by regional governments to continue spending aimed at keeping the economies growing. Besides, most Gulf countries have reiterated their decisions to carry on with their infrastructure plans, a move that will keep the order books full for fabricators.

Aimed at providing the regional steel fabrication and metal working industry a leg up, the 12th SteelFab 2016 got under way at Expo Centre Sharjah on Sunday (January 17). It will continue until Wednesday (January 20).

The four-day exhibition was inaugurated by H.E. Sheikh Khalid Bin Abdullah Bin Sultan Al Qassimi, Chairman of Sharjah Sea Ports and Customs, in the presence of Mr. Saif Mohammed Al Midfa, CEO, Expo Centre Sharjah; other officials, dignitaries and industry representatives.

“The UAE is the least affected by low oil prices... thanks to our diversification policies and increased reliance on the non-oil sector. In fact, the non-oil sector now contributes nearly 69% of our GDP. This has had a direct and positive bearing on the steel fabrication sector, which is now an essential cog in the wheel of our economic growth,” said Mr. Saif Mohammed Al Midfa, CEO, Expo Centre Sharjah.

The steady demand from the core sectors led by the continuing infrastructure projects are encouraging regional fabricators to look at acquiring cutting-edge equipment, advanced technologies and applications for all their metal forming, fabricating, welding and finishing needs, thus underscoring the importance of SteelFab and its increasing exhibitor as well as visitor turnout every year.

The 12th  SteelFab 2016 is showcasing more than 370 exhibitors representing nearly 1,000 brands from 43 countries at all the six halls of Expo Centre Sharjah, besides new special focus areas, special pavilions, live displays, technical seminars and product presentations. The past edition of the show had featured 350 exhibitors and attracted 10,324 trade visitors – a 15% rise -- from 83 countries.

The opening ceremony also saw the launch of a new vertical -- Fasteners World Middle East – besides the introduction of two special focus areas – Stainless Steel and Wear Resistant & Hard Facing Cladding. “With the addition of Fasteners World ME and the new special focus areas, the SteelFab is now the largest and most comprehensive industrial event of its kind in the entire region,” added Mr. Midfa.

The other special focus areas that help SteelFab provide the widest product coverage include Welding & Cutting, Machine Tools and Pipe & Tube Machinery along with the three special segments of Steel-Tech, Fabricators Pavilion & Steel Showcase.

Industry observers point out that a depreciating euro against the US dollar also offers regional fabricators a great opportunity to source machinery from Europe at an economical rate, given that SteelFab features several pavilions and exhibitors from Europe. The Euro to US dollar exchange rate has been hovering around $1 for quite some time, which is a significant fall from over US$1.35 just 18 months ago.

Foreign pavilions at the show Germany (23) and Taiwan (22), apart from strong presence of manufacturers from Italy, Turkey, China and India.

The technical seminars will look into topics such as lean manufacturing solutions, application of PFP materials, advance processing technologies, reverse engineering and software applications, among others.

The show is open to trade visitors from 10 am to 7pm and will run till 20th January at Expo Centre Sharjah.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today steel fabricators upbeat on deflecting oil price impact Arab Today, arab today steel fabricators upbeat on deflecting oil price impact

 



Arab Today, arab today
Arab Today, arab today Fadi explains secrets of  Nancy Ajram's newlook

GMT 18:23 2017 Friday ,24 February

Fadi explains secrets of  Nancy Ajram's newlook
Arab Today, arab today Tourist guide explains types of tourism

GMT 18:28 2017 Saturday ,25 February

Tourist guide explains types of tourism
Arab Today, arab today Expresses Algerian history by woody figures

GMT 13:26 2017 Friday ,24 February

Expresses Algerian history by woody figures
Arab Today, arab today Iran complying with nuclear deal

GMT 07:14 2017 Saturday ,25 February

Iran complying with nuclear deal
Arab Today, arab today Ayat Abaza says state TV presented major stars

GMT 03:52 2017 Sunday ,26 February

Ayat Abaza says state TV presented major stars

GMT 12:38 2017 Thursday ,23 February

Lower fares hit Qantas first half profit

GMT 10:57 2017 Thursday ,23 February

Chief executive out at Paramount Pictures

GMT 07:26 2017 Thursday ,23 February

A peek inside Qatar's 'gas capital of the world'

GMT 11:26 2017 Wednesday ,22 February

Dutch corporate takeover defences tough to breach

GMT 11:14 2017 Wednesday ,22 February

Lloyds Banking Group posts surging profits

GMT 10:01 2017 Tuesday ,21 February

Egypt pound rebounds from flotation slide

GMT 09:57 2017 Tuesday ,21 February

Greece agrees to bailout reforms compromise
View News in Arabic - Business: أخبار الأعمال
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Reading therapy relieves mental disorders

GMT 15:39 2017 Friday ,24 February

Reading therapy relieves mental disorders
Arab Today, arab today UK appoints 1st Scotland Yard chief in 188 years

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years
Arab Today, arab today Penguins in the age of dinos

GMT 11:44 2017 Saturday ,25 February

Penguins in the age of dinos
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today 'Constructive' Vauxhall talk with union

GMT 08:54 2017 Saturday ,25 February

'Constructive' Vauxhall talk with union
Arab Today, arab today Tesla back into red but revenue grows

GMT 07:27 2017 Thursday ,23 February

Tesla back into red but revenue grows
Arab Today, arab today Ola Ghanem hopes to work with M.Ramadan

GMT 07:23 2017 Friday ,24 February

Ola Ghanem hopes to work with M.Ramadan
Arab Today, arab today Ex-yoga missionary unleashes rage

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage

GMT 06:08 2017 Thursday ,23 February

Actress Lobna Abdel Aziz proud of her career

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby

GMT 22:42 2017 Thursday ,23 February

Nasima Gamei revives heritage in jewelries

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries

GMT 20:33 2017 Friday ,17 February

To release new antiques collection

GMT 10:20 2017 Thursday ,23 February

Brazil's top diplomat resigns

GMT 11:54 2017 Thursday ,23 February

Saudis await visitors but will they come?

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 20:02 2017 Tuesday ,21 February

Nohan Seyam designs beautiful accessories
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday