Arab Today, arab today strong core sectors to sustain demand
Last Updated : GMT 15:33:39
Arab Today, arab today
Arab Today, arab today

For steel fabricators

Strong core sectors to sustain demand

Arab Today, arab today

Arab Today, arab today Strong core sectors to sustain demand

SteelFab exhibition
Sharjah - Arab Today

An upcoming trade event for the steel fabrication and metal working industry is looking at leveraging on rising demand from core sectors of the industry in the country and the region.

Experts point out that UAE’s prudent economic policies aimed at increasing diversification have resulted in key sectors like construction, manufacturing, infrastructure, oil & gas and pipelines maintain positive growth levels despite a decline in oil prices.

This has rubbed off positively on the regional steel fabrication industry, which is now looking at acquiring cutting-edge equipment, advanced technologies, new products and applications for all their metal forming, fabricating, welding and finishing needs.

The 12th SteelFab 2016, which is set to be held at Expo Centre Sharjah from January 17 to 20, thus assumes significance for the industry and is set to become the best sourcing as well as a gathering point for fabrication units from across the region and beyond.

“The low oil prices notwithstanding, GCC countries are spending a record amount on infrastructure and capital projects planned and under way in 2015. The core sectors, which are direct beneficiaries of this diversification push, are expanding fast with new projects, expansions and investments,” said Mr. Saif Mohammed Al Midfa, CEO, Expo Centre Sharjah, emphasising that the main demand drivers are on a strong footing.

In proof of the success of the government’s diversification programmes, the non-oil sector’s contribution to the UAE’s gross domestic product now stands at 69%, leaving only about a third to the oil sector.

According to a recent study, GCC countries are spending an estimated US$ 172 billion on infrastructure and capital projects in 2015 — the highest on record to date. Among the other core sectors, the manufacturing sector is set to grow at a CAGR of 4.32% over the next five years, with the total investment in GCC jumping from US$ 222bn in 2010 to about US$ 380bn in 2014.

The construction sector is also on a song, with the total value of contracts in 2015 standing at US$ 194bn. The pipelines industry is also expanding fast, with around US$ 18bn investments being pumped into the sector over the next four years. The GCC is also expected to add more than 21,000 km to its current pipeline network over the next five years, which is about 14% of the global planned pipeline network of 161,000 km.

“The requirements are going to be quite varied from different sectors, and the special focus areas, pavilions and other segments at SteelFab will help the industry in zeroing in on the right equipment and technology they need quite easily,” added Mr. Midfa.

Aimed at catering to these rising requirements, SteelFab 2016 will also expand in a big way. One of the major additions to the show will be a new vertical – Fasteners World Middle East, which will be a dedicated trade fair for the fastener and fixing industry.

The show will also see the launch of two special focus areas – Stainless Steel and Wear Resistant & Hard Facing Cladding, while the regular special focus areas such as Welding & Cutting, Machine Tools and Pipe & Tube Machinery along with the three special segments of Steel-Tech, Fabricators Pavilion & Steel Showcase will continue.

The exhibition will take place at Expo Centre Sharjah, United Arab Emirates, from 17 to 20 January and timings will be from 10 am to 7 pm daily. Admission is free and restricted to trade and professional visitors only.

 

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 strong core sectors to sustain demand Arab Today, arab today strong core sectors to sustain demand

 



Arab Today, arab today
Arab Today, arab today Rabia Fatima reveals role of "Facebook" in her career

GMT 13:47 2017 Friday ,24 February

Rabia Fatima reveals role of "Facebook" in her career
Arab Today, arab today Messi visit will contribute in tourism

GMT 14:04 2017 Friday ,24 February

Messi visit will contribute in 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 Mental conflict endures

GMT 07:36 2017 Friday ,24 February

Mental conflict endures
Arab Today, arab today Media host Mona Iraqi stresses her show's success

GMT 15:32 2017 Wednesday ,22 February

Media host Mona Iraqi stresses her show's success

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

GMT 09:55 2017 Monday ,20 February

Thailand 2016 growth up but below junta target

GMT 09:29 2017 Monday ,20 February

Kraft Heinz withdraws bid for Unilever

GMT 09:22 2017 Monday ,20 February

China's huge debt poses big headache for central bank
View News in Arabic - Business: أخبار الأعمال
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today To hold social dialogue over secondary school

GMT 07:43 2017 Wednesday ,22 February

To hold social dialogue over secondary school
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 Ex-yoga missionary unleashes rage

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
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 Nissan enhances sales in most markets

GMT 14:08 2017 Monday ,20 February

Nissan enhances sales in most markets
Arab Today, arab today Wafaa Amer is happy for Sherihan’s return

GMT 07:36 2017 Wednesday ,22 February

Wafaa Amer is happy for Sherihan’s return
Arab Today, arab today Milan laughs while Rome cries

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries

GMT 05:19 2017 Tuesday ,21 February

Salma Rashid happy for 'A Whisper of Love'

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby

GMT 15:53 2017 Tuesday ,21 February

Small ponds have outsized impact

GMT 20:33 2017 Friday ,17 February

To release new antiques collection

GMT 07:51 2017 Wednesday ,22 February

Mom's immune system accepts babies

GMT 09:59 2017 Monday ,20 February

Tourism shows signs of recovery

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 14:29 2017 Monday ,20 February

Prepares to present her new collection
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