Market For Hardware, Tools And Machinery Continues To Grow Riding On Rising Demand
Growth prospects for the hardware, machinery and tools industries in the Middle East continues to look buoyant, driven by what is primarily an import-dependent market due to minimal local production.
- (1888PressRelease) January 20, 2012 - This is stoking increased interest in the region from international manufacturers and suppliers.
Indications of this trend have been noticed by the organiser of Hardware+Tools Middle East, the regional trading platform for the industry, who has reported a steady number of inquiries and re-quests for additional information by those interested in establishing a presence in the Middle East market.
"Hardware+Tools Middle East is now recognised by the industry as a key access and networking event for the tools, hardware and construction machinery fields. The event has been carefully tailored to suit the needs of the quick-moving regional market and has been growing in size and scope over the years," said Ahmed Pauwels, Chief Executive Officer of organiser, Epoc Messe Frankfurt.
"Reflecting the latest trends and developments in the sector, it continues to offer key influencers, buyers and decision makers in the region a specialized platform to assess and evaluate the products and services they require. Despite the slowdown in the construction industry, growth continues to be strong, thanks to a thriving import and re-export market. Countries like the UAE function as re-export hubs serving otherwise hard to reach onward destinations including Iran, Iraq, Central Asia, East and North Africa," Pauwels added.
According to figures released by the Dubai Chamber of Commerce, Dubai's exports and re-exports were worth AED 120 billion in H1 2011, with hardware, tools and machinery forming a significant part of the overall trade mix, as local and regional manufacturing is marginal.*
Hardware+Tools Middle East, which will be held at the Dubai International Convention and Exhi-bition Centre from May 8 to 10 expects to attract a broad range of trade visitors and buyers, spe-cifically manufacturers, distibutors, wholesalers, retailers, importers and exporters, engineers, architects and designers, facility managers, consultants, contractors, developers and trade agencies. The 2011 event enjoyed international attendance, from 64 countries, with the top 5 visiting countries apart from the UAE being Saudi Arabia, Iran, Oman, India and Bahrain.
A new focus for the 2012 edition is on machinery. A range of exhibitors will showcase their prod-ucts and services particularly in the areas of aluminium, woodworking, cleaning, workshop, mold-ing, drilling, cutting, welding and soldering machinery.
The exhibition showcases a wide range of products and services within the following niche sec-tors: Machinery, Tools, Construction and Building Materials & Hardware.
Being the only dedicated trade event for the hardware, tools and machinery industries, repre-sentative events such as Hardware+Tools Middle East are vital for the progress and development of the local market. By attracting leading manufacturers and distributors to Dubai, it raises the profile of the specific sector and plays an important role in raising local standards to the highest levels.
*Dubai Chamber of Commerce and Industry - http://www.dubaichamber.com/news/dubai-chamber-members'-exports-up-16-4-at-the-end-of-november-2011
For more information, please contact:
BIZ COM - For PRoactive Communications
P.O. Box 48889; Dubai - UAE
T: +971 4 332-0888
F: +971 4 332-0999
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