UAE construction and infrastructure development industries estimated to reach $54.1bn by 2016
- United Arab Emirates: Monday, March 04 - 2013 at 09:00
- PRESS RELEASE
The construction industry in the Middle East has gained fresh impetus thanks to continuing invest-ments by governments around the region in large infrastructure projects. These combined with the relatively brighter economic scenario are expected to drive further interest in the regional market among international construction industry majors, material suppliers, tool manufacturers and other industry professionals.
The construction industry forms a significant part of the UAE's GDP and capital investment in the sector which is expected to represent 10.1% of the GDP by 2016, according to recent research by Business Monitor International. The industry is forecast to be valued around $54.1bn in 2016, representing year-on-year growth of 4.5%.
Key infrastructural projects such as the Etihad Railway network set to be an integral part of the planned GCC-wide rail network; new airport projects in Dubai, Abu Dhabi, Doha, Muscat, Kuwait etc; as well as multi-billion dollar investments in solar energy, petrochemical and industrial complexes and other logistical facilities, ensure that construction industry majors have the region firmly in their sights.
"The creation of new infrastructure and the construction industry as a whole is an industry of immense significance to the regional economy," said Ahmed Pauwels, CEO of Epoc Messe Frankfurt. "Hardware+Tools Middle East aims to help direct the flow of renewed interest in the region from in-ternational industry majors to the appropriate clientele in the regional market. The exhibition will be a showcase of the latest innovations and cutting-edge technologies and will continue to play a part in the ongoing development and evolution of the Middle East industry."
"Hardware+Tools Middle East is a credible business development vehicle in the region," said Naser Ali, Managing Director, of Einhell Middle East, who will be showcasing their range of hand tools and power tools which are in demand for construction. "We hope to strengthen our presence in the wider market and build on the current popularity of our range. We also hope to learn more about the partic-ular needs unique to this region," he added.
Hardware+Tools Middle East 2013, which will be held at the Dubai International Convention and Ex-hibition Centre from June 11th to 13th, has four main focus areas, namely: Tools, Machinery, Materials and Hardware. The Tools category showcases: power tools & accessories, hand tools & accessories, air tools & accessories, measuring & detection tools, hydraulic tools, specialty tools and magnetic tools.
The Machinery segment includes cleaning, moulding, drilling, cutting, welding and soldering products as well as safety products, components & parts, automation & robotics, design software, CNC routing and lathes. The Hardware category features door, window & furniture hardware, locks & accessories, consumables, abrasives, adhesives, anchors, fasteners, fittings, lacquers & varnishes, nails & rivets, paints & painting products, sealants, screws, nuts etc. In the Materials segment one can view alumin-ium, doors, windows & gates, floors & flooring, ladders, scaffolding, lifts, metal, iron & steel materials and plastic, rubber & wood materials.
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