SteelFab, the region’s premier metal working, metal manufacturing and steel fabrication trade show, has succeeded in taking advantage of a growing economy and the euphoria surrounding the winning bid to host the World Expo 2020 in Dubai, UAE.
So it came as no surprise when SteelFab 2014 achieved phenomenal growth, adding 50 per cent more exhibition space to accommodate a 25 per cent rise in the number of exhibitors.The increase in visitor turnout too saw a significant surge of 25 per cent, an unprecedented rise in the 10-year history of SteelFab.
This overall growth is seen as a clear indication of a booming market, and SteelFab 2015 is offering you an opportunity to be part of this exciting growth story.
STEELFAB – RIDING ON CORE SECTOR GROWTH
The majority of the demand will be generated by the region’s core sector, which includes construction, manufacturing, oil & gas and infrastructure, besides the pipeline industry.
SITTING PRETTY ON STRONG FUNDAMENTALS
The steel fabrication and metal working industry is bracing for a deluge of opportunities, given that the
economy has entered the growth cycle and the core sector is in expansion mode.
The much acclaimed World Expo 2020 win and the reclassification of the UAE to emerging market status are sure to add dynamism to the economy that is spurred by a resurgent construction sector, huge non-oil sector investments, high oil prices, and the booming industrial & manufacturing industry, among others.
Demand from these core sectors have been consistent for the past couple of years and are projected to increase sharply in the future, prompting the steel fabrication sector to look at acquiring new machinery and technology to enhance production.