Exhibition Information

STEEL FAB 2017

 2017/01/16
Date：2017/01/16 - 2017/01/19
Venue：Expo Centre Sharjah
 
WHY STEELFAB WILL WORK FOR YOU
Economic diversification has become the crux of development strategy for the GCC region. Policies and guidelines are being announced frequently to inject fresh vigour into the non-oil sector. Investments are also pouring in to sectors like infrastructure and manufacturing due to upcoming mega events like Expo 2020 and FIFA world cup 2022.
 
And, the immediate beneficiary of these moves is the core sector that propels the steel fabrication and metal working industry.
 
Closer home, in its diversification push, the UAE has put in place all necessary plans to take the non-oil sector’s contribution to as high as 80% by 2021 through intensive investment in the industrial sector, along with other industries.
 
The consistent policy push and government support are encouraging the steel fabrication industry to expand, upgrade, retro-fit and set up new units, providing a great opportunity for machinery & equipment makers and dealers.
 
 
STRONG BUSINESS DRIVERS
The manufacturing, construction, infrastructure and emerging industries like aerospace are keeping the order books ticking for the regional steel fabrication and metal working industry. Continuous spending in the real estate and infrastructure sectors and long-term strategic spending are projected to keep the core sectors stable.
 
Saudi Arabia, the UAE, Kuwait and Qatar are expected to award US$140 billion-$160 billion in contracts per year till 2019, with cancellations, reprioritisations, or deferrals unlikely since most states have commitments due to upcoming mega events.
 
Major projects include Saudi Arabia’s US$15 billion Al Mozaini Riyadh East Sub Centre, US$8 billion project for metro lines B & C in Mecca, the UAE’s US$32 billion extension of Al Maktoum International Airport, Dubai World Central, the US$20 billion Al Gharbia Chemicals Industrial City, Qatar’s QRail, Kuwait’s refinery projects and other projects related to World Expo 2020 and Fifa World Cup 2022.
 
The aerospace industry is booming in the UAE. Leveraging its airline and airport companies, the country has expanded into manufacturing and servicing airplane components, gaining partnerships with the world’s biggest aviation players.
 
 
KEY STATS
•The UAE is targeting the non-oil sector to contribute 80% of the gross domestic product of the country within 10 years from its current 69%
•The GCC is expected to add more than 21,000 km to its current pipeline network over the next five years, 14% of the global planned pipeline network of 161,000 km
•In 2016, the GCC’s construction industry is set to reach a record high of US$126 billion, growing at a CAGR of 11%, according to a Alpen Capital report
•GCC countries spent an estimated US$172 billion on infrastructure and capital projects in 2015; the spending is likely to continue in 2016 too
•The manufacturing sector is set to grow at a CAGR of 4.32% over the next four years, with the total investment in GCC jumping from US$222bn in 2010 to about US$380bn in 2014
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