Fabrication sector looks at diversification gains
The UAE’s move to provide a fresh momentum to economic diversification is set to give the steel fabrication and the metal working industry a big boost.
The country is targeting to double the contribution of the industrial sector to its GDP in the next five years from the current 10-11 per cent, and the steel fabrication industry will be one of the key focus areas of this new thrust.
Falling crude prices Regional governments are to focus more on the non-oil sector, with a recent IMF study finding that much remains to be done though the region has made some progress towards economic diversification in recent years.
Given the new developments, the mood was upbeat at the 11th edition of the region’s premier metal working, metal manufacturing and steel fabrication trade fair – SteelFab 2015 – that got under way at Expo Centre Sharjah on Monday (January 26).
It was opened by H.E. Sheikh Khalid Bin Abdullah Bin Sultan Al Qassimi, Chairman of Sharjah Sea Ports and Customs, and will run until Thursday, January 29.
The opening was attended by Mr. Abdullah bin Mohammed Al Owais, Chairman, Sharjah Chamber of Commerce & Industry; Mr. Saif Mohammed Al Midfa, CEO, Expo Centre Sharjah; other officials, dignitaries and industry representatives.
In a significant move aimed at fully tapping the buoyancy of the industry, Mr. Midfa announced that SteelFab will have a new concurrent trade show from next year.
“SteelFab is now an established regional show. Over the years, we have introduced certain verticals within the show which we are now looking to develop into concurrent and stand alone shows. Fasteners and stainless steel are two such segments and we are launching Fastener World Middle East alongside SteelFab next year,” said Mr. Midfa.
Fastener World Middle East will be a dedicated trade fair for the fastener and fixing industry, and provide an opportunity for international manufacturers to demonstrate both typical & specialized fasteners to regional buyers.
“SteelFab now encompasses a trade fair, a series of special focus areas, special pavilions, new segments, live displays, technical seminars and product presentations. The addition of Fastener World ME will help it cover more segments and increase its profile. We are not far away when SteelFab will be seen as largest and the best industrial show of its kind in the region and beyond,” added Mr. Midfa.
As a prelude to the launch, SteelFab has introduced the Fasteners Pavilion this time, which is a special pavilion at the show. The special focus areas at SteelFab include Welding & Cutting, Material Handling, Machine Tools, Pipe & Tube Machinery, apart from live display, and technical seminars & product presentations.
Foreign participation is a strong point of SteelFab and this year too the show has seen a surge in number of exhibitors from across the world. The Italian Participation has grown to over 35 exhibitors and the German Pavilion is featuring 22 companies with other German manufacturers participating directly and with their regional distributors. The Taiwan Pavilion has also grown and features 16 exhibitors at this years show. There is notable increase in the number of participants from Turkey, India and China too.
SteelFab 2015 is featuring almost 350 direct exhibitors who overall represent nearly 900 brands from across the world at all the six halls of Expo Centre. The technical seminars will look into topics such as Blast process optimization and operating cost analysis, Software Applications for steel fabrication and Automation in Structural Steel Fabrication amongst others. The show is open to trade visitors from 10 am to 7pm.