BMI Research: MENA construction market to be worth US$ 336 bn by 2020
Posted on 12th March 2018
According to *Tradearabia news report, the Mena construction market is expected to be worth $336 billion by 2020, up from $235 billion in 2016, a net growth of 43 per cent, said the organisers of the upcoming Hardware + Tools Middle East, citing a BMI Research report.
More than 160 exhibitors are expected to take part in the 19th edition of Hardware + Tools Middle East, the Middle East’s only dedicated trade fair for tools, hardware, materials, and machinery next month in Dubai, UAE.
The event takes place from April 2 – 4 at the Dubai International Convention and Exhibition Centre.
According to the exhibition’s organiser Messe Frankfurt Middle East, many exhibitors are returning this year, while a number of newcomers have entered the fray to present their solutions to wide cross-section of potential regional trade buyers and end-users.
“We’re optimistic about the renewed positive sentiment that prevails in the regional hardware and tools market, and this is borne out by not only a resurgent construction sector, but by Dubai’s position as a key trading partner for this segment with global economic powerhouses such as USA, China, Italy, Germany, and India,” said Ahmed Pauwels, CEO of Messe Frankfurt Middle East.
“According to Dubai Customs, the Emirate imported, exported, and re-exported AED5.07 billion worth of hardware and tools in 2016, and the total trade with these countries comprised 52 per cent of that figure.
“Hardware + Tools Middle East not only provides exhibitors comprehensive access to a wide spectrum of the most influential buyers from this burgeoning region, but also gives them a snapshot of the trends and requirements that are unique to this market,” Pauwels added.
Among the key returning exhibitors to Hardware + Tools Middle East in 2018 include Middle East Fuji, the Middle East distributor for the Nitto Kohki Power Tool range from Japan and Knipex pliers from Germany; and Dar Al Mas, the exclusive UAE distributor for German hand tool manufacturer Wiha.
Newcomers in 2018 include Junco Trading, a UAE supplier of international brands such as 3M, Cibo, Dynabrade and Loeser; and Narex, a regional distributor of industrial fabrication machinery including steel fabrication equipment and CNC cutting and welding machines.
“Junco has been a leading distributor of industrial products in the UAE for the past 23 years,” said Shyam Sunder, general manager of Junco Trading. “We’re the authorised channel partners in the UAE for some of the world’s leading brands such as 3M (Industrial Tapes, Adhesives, abrasives and power tools), Dynabrade (pneumatic tools), CIBO (tools and abrasives), and Loeser (grinding and polishing machines).
“Our purpose of participating at Hardware + Tools Middle East 2018 is to showcase these products to visitors and show them the solutions we can offer in a variety of different industries such as marine, aerospace, architectural metal and wood-working industries, to name just a few. With our team of professional sales engineers, we provide solutions to our customers, adding value by reducing production cost, increasing productivity and providing superior finish concurrently,” added Sunder.
Wiha too has big plans in the wider Middle East and African market through its participation at Hardware + Tools Middle East 2018, as it looks to build on its existing partnership with Dar Al Mas that was initiated at the exhibition several years ago.
“Wiha will return to Hardware + Tools Middle East in 2018 to offer professional workers in the UAE and wider Middle East a wide range of high-quality premium tools, characterised by their use of the latest manufacturing technologies, application-oriented innovations, top quality, absolute reliability and long service life,” said Ronny Lindskog, chief sales officer at Wiha.
“We also plan to announce at the show a revolutionary invention in the field of fastening tools which will truly represent a quantum leap in the history of hand tools. Users can expect greater efficiency and better health with Wiha solutions thanks to maximum ergonomic standards and perfect safety in their everyday professional use.”
Hardware + Tools Middle 2018 will return with the immensely popular Tool It! Challenge, where the UAE’s finest tool operators go head-to-head in a live competition, testing skill, speed and smarts across metal working and wood working categories.
Leading brands will also deliver live demonstrations at the three-day event’s Expert Zone, a dedicated area showcasing the latest innovative solutions and machine tools shaping the future of all types of industries, from fabrication and metal working to oil & gas and outdoor landscaping.
Hardware + Tools Middle East will feature country pavilions from China, Thailand and Taiwan, and will host more than 160 exhibitors from 12 countries representing over 200 brands.
*News source: http://tradearabia.com/news/CO...Back to all Construction News
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