STEELFAB 2016 - REGION’S LARGEST STEEL INDUSTRY EVENT
CATALYST FOR GROWTH
SteelFab is the region’s best trade platform that consistently brings cutting-edge technology from across the world on a single platform.
For over a decade, the region’s steel fabrication and metal working industry
has relied solely on SteelFab to acquire latest machinery and equipment to
improve productivity and efficiency.
This has resulted in SteelFab growing from strength to strength, registering
impressive growth in number of exhibitors, brands
on display, visitors, business
leads and enquiries that translate into actual sales.
Now, with the country and the region providing a fresh momentum to
economic diversification the steel fabrication industry is looking at better
growth momentum, providing a great opportunity for machinery & equipment
makers and dealers.
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.