Arab Today, arab today strong core sectors to sustain demand
Last Updated : GMT 12:59:24
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.

 

arabstoday
arabstoday

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

 



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 Arab tradition glitters in Colombia

GMT 12:59 2017 Thursday ,19 October

Arab tradition glitters in Colombia
Arab Today, arab today Second US judge orders freeze

GMT 08:04 2017 Thursday ,19 October

Second US judge orders freeze
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Writing's on the wall for Trump, Zuckerberg

GMT 09:05 2017 Thursday ,19 October

Writing's on the wall for Trump, Zuckerberg
Arab Today, arab today Hiring not part of Alibaba pledge

GMT 11:26 2017 Wednesday ,18 October

Hiring not part of Alibaba pledge
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Sidem reveals plan to improve education

GMT 15:52 2017 Friday ,06 October

Sidem reveals plan to improve education
Arab Today, arab today Ex-French minister Dati wants tough action

GMT 10:54 2017 Thursday ,19 October

Ex-French minister Dati wants tough action
Arab Today, arab today Climate-disrupting volcanoes helped topple

GMT 16:00 2017 Wednesday ,18 October

Climate-disrupting volcanoes helped topple
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Mercedes says recalls 400,000 UK cars

GMT 06:56 2017 Tuesday ,17 October

Mercedes says recalls 400,000 UK cars
Arab Today, arab today Britain's Vauxhall to cut 400 jobs

GMT 10:53 2017 Sunday ,15 October

Britain's Vauxhall to cut 400 jobs
Arab Today, arab today Hussein Fahmy happy for honoring in festival

GMT 07:47 2017 Tuesday ,17 October

Hussein Fahmy happy for honoring in festival
Arab Today, arab today Three killed, 360,000 without power

GMT 05:11 2017 Tuesday ,17 October

Three killed, 360,000 without power

GMT 09:31 2017 Monday ,16 October

Dalal Abdel Aziz happy for “Seventh Neighbor”

GMT 18:15 2017 Monday ,16 October

British actress becomes fifth woman

GMT 18:29 2017 Sunday ,03 September

Designer produced new set of ornaments

GMT 18:49 2017 Monday ,16 October

India to close colonial-era military farms

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 23:42 2017 Monday ,16 October

Better Marriages Make

GMT 06:52 2017 Monday ,16 October

Airbus CEO says won't cling to job

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 03:59 2017 Sunday ,15 October

US mobile carriers Sprint, T-Mobile to merge

GMT 19:29 2017 Tuesday ,29 August

Yomna: decoration leaved positive effects
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