D ynamic growth in various key indus tries is feeding demand in the me chanical engineering industry In or der to improve efficiency the steel in dustry keeps an eye on the latest technolo gies and applications for manufacturing met alworking or welding as it did at the trade fair SteelFab in Sharjah in mid January Over 370 exhibitors presented themselves in a flourishing environment Despite the low oil price investments are being made observes Saif Mohammed Al Midfa CEO of the Expo Centre Sharjah A record amount is being spent on infrastructure and large scale proj ects he says commenting on the member states of the Gulf Cooperation Council GCC Bahrain Qatar Kuwait Oman Saudi Arabia and the United Arab Emirates Ac cording to a current study around 185 billion euros was invested last year The construc tion industry in the GCC s member states re ported contracts worth well over 200 billion euros in 2015 Around 20 billion euros will be pumped into pipeline construction in the next four years Key sectors such as steel and metal are benefiting from the surge in diversification in the region Governments are making notable efforts to put their economies on a stronger broader footing In the United Arab Emirates non oil sectors now contribute 69 percent to gross domestic product The fall of the euro could give this a further boost The currency of the United Arab Emirates the dirham is pegged to the dollar which means that it has recently gained about 15 percent against the European currency It s an extraordinary op portunity emphasises Saif Mohammed Al Midfa who also points to the numerous Eu ropean exhibitors at SteelFab Italy had a strong presence and the joint German stand attracted over 25 exhibitors One or two re gional buyers will take advantage of their in creased buying power in post fair business and purchase high tech equipment from Eu rope But the competition is not sleeping and Asian companies in particular are also mo bilising Alongside the European exhibitors Taiwan presented itself with a joint stand at SteelFab 2016 The People s Republic of Chi na and India also flew the flag quite literally at the Expo Centre in Sharjah Compared to last year the number of foreign exhibitors in creased and contributed to the increase in ex hibition space occupied We welcomed around 15 percent more exhibitors com ments Saif Mohammed Al Midfa In addition to companies with their own stand many market leading companies from abroad were represented by local companies New trade fair content live presentations and technical seminars ensured that the region s trade vis itors were able to go away with new knowl edge The 13th SteelFab will be held in 11 months time in January 2017 www expo centre ae PB 37TradeFairs Internation al 1 2016 SHARJAH Rock solid demand Whether it s construction manufacturing or oil and gas Many different sectors have a positive impact on the steel and metal industry That was evident at the recent SteelFab show Der Vorsitzende von Seehafen und Zoll H E Sheikh Khalid Bin Abdullah Bin Sultan Al Qassimi eröffnet mit Saif Mohammed Al Midfa die SteelFab 2016 The Chairman of the Department of Seaports and Customs H E Sheikh Khalid Bin Abdullah Bin Sultan Al Qassimi opens SteelFab 2016 with Saif Mohammed Al Midfa Ph ot o E xp o Ce nt re S ha rja h

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