Crown Prince attends Saudi Cup horse race in Riyadh    Bergwijn, Benzema lead Al-Ittihad to dominant 4-1 Clasico win over Al-Hilal    Saudi U-20 team secures spot in 2025 FIFA U-20 World Cup with last-minute winner over China    Saudi Media Forum concludes with key industry partnerships and award recognitions    Hamas hands over six Israeli captives in latest prisoner exchange    US and Ukraine near deal granting US mineral rights in exchange for military aid    Israeli forensic institute confirms remains of hostage Shiri Bibas    Australia presses China for answers over reported live-fire exercises near its coast    PIF seeks to expand US investments despite restrictions, says governor Al-Rumayyan Saudi sovereign fund launched 103 companies across 13 sectors, aims to attract more foreign talent to Saudi Arabia    Saudi minister holds high-level talks at FII Miami to boost AI, tech, and space partnerships    Al-Ettifaq stuns Al-Nassr with late winner as Ronaldo protests refereeing decisions    King Salman: Our nation's path has remained steadfast since its founding    Imam Mohammed bin Saud: The founder of the First Saudi State and architect of stability    King Abdul Aziz: Founder of the Third Saudi State and leader of modern Saudi Arabia    'Neighbors' canceled again, two years after revival    Al-Tuwaijri: Not a single day has passed in Saudi Arabia in 9 years without an achievement Media professionals urged to innovate in disseminating Kingdom's story to the world    Proper diet and healthy eating key to enjoying Ramadan fast    Saudi Media Forum panel highlights Kingdom's vision beyond 2034 World Cup    AlUla Arts Festival 2025 wraps up with a vibrant closing weekend    'Real life Squid Game': Kim Sae-ron's death exposes Korea's celebrity culture    Bollywood star Saif Ali Khan 'out of danger' after attack at home in Mumbai    Order vs. Morality: Lessons from New York's 1977 Blackout    India puts blockbuster Pakistani film on hold    The Vikings and the Islamic world    Exotic Taif Roses Simulation Performed at Taif Rose Festival    Asian shares mixed Tuesday    Weather Forecast for Tuesday    Saudi Tourism Authority Participates in Arabian Travel Market Exhibition in Dubai    Minister of Industry Announces 50 Investment Opportunities Worth over SAR 96 Billion in Machinery, Equipment Sector    HRH Crown Prince Offers Condolences to Crown Prince of Kuwait on Death of Sheikh Fawaz Salman Abdullah Al-Ali Al-Malek Al-Sabah    HRH Crown Prince Congratulates Santiago Peña on Winning Presidential Election in Paraguay    SDAIA Launches 1st Phase of 'Elevate Program' to Train 1,000 Women on Data, AI    41 Saudi Citizens and 171 Others from Brotherly and Friendly Countries Arrive in Saudi Arabia from Sudan    Saudi Arabia Hosts 1st Meeting of Arab Authorities Controlling Medicines    General Directorate of Narcotics Control Foils Attempt to Smuggle over 5 Million Amphetamine Pills    NAVI Javelins Crowned as Champions of Women's Counter-Strike: Global Offensive (CS:GO) Competitions    Saudi Karate Team Wins Four Medals in World Youth League Championship    Third Edition of FIFA Forward Program Kicks off in Riyadh    Evacuated from Sudan, 187 Nationals from Several Countries Arrive in Jeddah    SPA Documents Thajjud Prayer at Prophet's Mosque in Madinah    SFDA Recommends to Test Blood Sugar at Home Two or Three Hours after Meals    SFDA Offers Various Recommendations for Safe Food Frying    SFDA Provides Five Tips for Using Home Blood Pressure Monitor    SFDA: Instant Soup Contains Large Amounts of Salt    Mawani: New shipping service to connect Jubail Commercial Port to 11 global ports    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



GCC projects at $172b in 2015 shun low oil prices
Published in The Saudi Gazette on 03 - 05 - 2016

International hardware and tools manufacturers are targeting the Middle East market, given the continued surge in spending on infrastructure building and construction across the region.
According to MEED Projects, the forecast for infrastructure and construction projects planned and underway in the Gulf Cooperation Council (GCC) alone was $172 billion in 2015 – the highest amount to date, notwithstanding the downward trajectory of oil prices.
The accompanying rise in demand for hardware, tools and machinery make the region a highly attractive target for global suppliers, of which more than 200 from 11 countries will take center stage at the upcoming Hardware+Tools Middle East 2016 trade show.
"Despite the slowdown in construction in many parts of the world, the Middle East region's continued growth trend makes it a significant market for the hardware and tools industry," said Ahmed Pauwels, CEO of Messe Frankfurt Middle East, the organizer of Hardware+Tools Middle East 2016, which will take place on May 23-25, at the Dubai International Convention and Exhibition Centre.
"As a result, there is considerable interest at Hardware+Tools Middle East by a variety of manufacturers looking to establish themselves and increase their footprint across this high-spending marketplace."
Among the international brands out in force at Hardware+Tools Middle East 2016 is Germany company Wiha, the world's first hand tool manufacturer to be awarded the AGR (Action for Healthier Backs) seal of distinction for their ergonomic tools.
A debut exhibitor at Hardware+Tools Middle East 2016, Wiha is looking to make its first appearance a memorable one with a vast range of 3,500 premium tools, including screwdrivers, L-keys, bits, softhead hammers, pliers, measuring tools and articulated hoses.
Ronny Lindskog, Managing Director and Head of European Sales and Global Marketing at Wiha, said the aim is to ensure more comfortable, longer and above all pain-free work for users of Wiha tools.
"We are probably the largest manufacturer of screwdrivers in the premium segment," said Lindskog. "We are determined to continue our success as a premium hand tool manufacturer. The quality of our products and our employees' loyalty have been our driving forces throughout our history and we're going to tackle continuous expansion."
Returning to Hardware+Tools Middle East as a Silver Sponsor in 2016 is Italian company VIPA, a leading manufacturer of plastic bins and plastic storing solutions for hardware stores and industrial warehouses. The company specializes in the design and construction of molds for plastic items as well as in the injection molding of thermoplastic resins.
"VIPA is expanding its business abroad and the Middle East is very interesting for us," said Vittorio Pasquini, VIPA's CEO and Founder.
"We want to find importers and distributors for our items, as well as spread our brand's footprint across the region. — SG


Clic here to read the story from its source.