Mar 14, 2014
Metal & Steel Middle East Exhibition has firmly proved itself as the foremost exhibition for Steel, Steel Fabrication, Foundry and Metal works professionals in the Middle East & Africa (MENA), now in its 8th edition and continues to expand and attract thousands of potential visitors, and this year’s event will confirm firmly to provide the only “one-stop” steel event in the entire Middle East, backed by media with a long term commitment to the region, and not just a “here today, gone tomorrow” approach.
Metal & Steel Middle East Exhibition has firmly proved itself as the foremost exhibition for Steel, Steel Fabrication, Foundry and Metal works professionals in the Middle East & Africa (MENA), now in its 8th edition and continues to expand and attract thousands of potential visitors, and this year’s event will confirm firmly to provide the only “one-stop” steel event in the entire Middle East, backed by media with a long term commitment to the region, and not just a “here today, gone tomorrow” approach.
The regional steel industry is taking up the direction of reinforcing its strength and the new governments provide important opportunities for economic reform towards development of core infrastructure. It forecast a 20% gradually increase in business from this sector in 2015 versus 2011, due to the stable political situation in the MENA region.
Today, Metal & Steel has grown to be much more a pure exhibition. Situated at the centre of a thriving region, the event is recognised as the ‘not-to-be-missed’ professional networking platform for the regional trade as well as an interactive discussion forum for the latest trends, developments, challenges and requirements of the industry in the wider region.
The show brings together the world’s leading manufacturers and suppliers of steel and metal industry. Many of the main stream players have recognised the potential projects within the Middle East. They are committed to the Middle East, and have used Metal & Steel Middle East 2014 as an integral part of their marketing push in the region.
Metal & Steel Middle East 2014 will be held concurrently with FABEX Middle East 2014, the International Exhibition for steel structure, sheet metal, tube and pipe, metal forming, finishing, assembling, welding and services, being co-located to be the centre of the largest steel industry event in the region and create an even better visitor and exhibitor experience.
Facts and Figures:
The Gulf Industrial Investment Company in Bahrain has also signed a contract with some crude steel production companies in Canada to supply the company with about 7 million tonnes of crude steel until 2014.
A boom in construction and infrastructure spending will help drive an estimated 36 percent increase in Egypt’s production of reinforcing steel by 2017 according to the Egyptian Chamber of Metallurgical Industries.
Forecasting figures predict a total of US$4.3trillion will be invested in construction projects across the MENA region by 2020, representing an increase of almost 80% from today’s spend. With all eyes on the Middle East, it has great potential to develop their manufacturing industry. High economic growth rates and energy existing will also represent an opportunity for those investing in increasing production in the region’s steel sectors, and lead to a surge in demand for machinery, equipment and consumables needed by steel, making The Middle East as one of the most open and attractive world markets for a number of big international steel players.
Source: RINGIER