Resilience has been the hallmark of SteelFab, the definitive trade exhibition for steel fabrication, metal working and metal manufacturing industry of the region.
The ups and downs of the economy have left SteelFab untouched and its growth curve has never seen a drop right from its inception over a decade ago through the troubled times of 2008 and the current oil slump.
Commendably, SteelFab has succeeded in breaking new ground with every edition, finding new areas to grow, expanding geographical footprint, and consistently bringing cutting-edge technology to the region.
With global economic compulsions and stiff competition forcing regional players to adopt latest technology to sustain their growth, SteelFab is the best platform to present your machinery and equipment.
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.