SteelFab: in the forefront  of helping the metal fabrication sector adapt and evolve

SteelFab: in the forefront of helping the metal fabrication sector adapt and evolve

SteelFab 2020 – regional industry’s reference point

October 2019

A Diversified economy led by buoyant construction and manufacturing industries is propelling the growth of the metal fabrication sector in the UAE.

The steel fabrication and metal working industry in the country and the region has reported an impressive first half on the back of new construction contracts valued at $138 billion that were awarded in the GCC this year and the manufacturing industry that has witnessed a steady growth over the past few years.

On their part, the fabrication units in the country and the region are eagerly awaiting a key trade event in Sharjah that will help them adapt better to new technology and trends that are disrupting the sector as the manufacturing industry moves into the fourth industrial revolution.

Preparations are in full swing at Expo Centre Sharjah to organise the 16th SteelFab 2020 from January 13 to 16, 2020, showcasing more than 250 exhibitors displaying 800 brands from several categories.

“Though the metal fabrication market in terms of end-use industry comprises construction, automotive, manufacturing, energy, power, and electronics, the construction and manufacturing dominate the market in the country and the region. The construction industry is fuelled by big infrastructure and commercial projects and supported by increased government spending, while the manufacturing industry has been the mainstay of the diversified UAE economy since long. The energy sector driven by the Oil & Gas industry also offers good prospects for fabricators,” said  Saif Mohammed Al Midfa, CEO, Expo Centre Sharjah.

According to data from the Federal Competitiveness and Statistics Authority, the manufacturing sector’s contribution to the UAE’s non-oil GDP grew 2.5 per cent to Dh122 billion ($33.2 billion) in real prices in 2018 from Dh119.7 billion ($32.5 billion) in 2017.

Overall, more than 26,000 construction projects worth $2.5 trillion are underway in the GCC, with Saudi Arabia leading with developments worth $895.8 billion and closely followed by the UAE with projects valued at $830.6 billion, according to BNC Projects Journal. Globally too, the UAE and Saudi Arabia rank among the top 12 global markets for infrastructure investment, a Orient Planet Research said.

The new and ongoing projects in the construction sector across the region are set to generate fresh interest in machinery and equipment in metal forming, surface preparation & finishing, grinding & cutting, machining & other allied engineering disciplines.

“SteelFab 2020 is aimed at providing regional fabricators with not only enabling technologies but also key trends, market drivers, challenges, regulatory landscape, deployment models, operator case studies, opportunities, future roadmap and value chain. SteelFab has been a crucial reference point for the region’s steel fabrication and metal working industry for the past 15 years. Now, in its 16th edition, when the region is embracing the industrial revolution of today, called Industry 4.0, SteelFab is in the forefront helping the sector adapt and evolve,” added Al Midfa.

SteelFab 2020, along with the 5th Fasteners World Middle East, is expected to be visited by around 8000+ trade visitors from 70 countries. It will feature special focus segments, such as Power Tools, Welding & Cutting, Machine Tools & Pipe & Tube Machinery. The show has gained extensive support from leading global associations such as UCIMU SISTEMI PER PRODURRE – the Association of Italian Manufacturers of Machine Tools, Robots, Automation Systems and ancillary products, DVS & AUMA – German Pavilion, UK Pavilion, Tami – Taiwan Association of Machinery Industry and (ITA) – International Tube Association.

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