As the economy continues to build up steam in the region, riding on rising government spending on civil infrastructural projects, total capi-tal invested in construction and infrastructure is set to increase dra-matically.
According to research by Business Monitor International (BMI), total capital investment in construction and infrastructure in the UAE is set to reach AED 480.7 billion (US$ 131.7 bn) by 2016, a near doubling from the AED 284.4 bn ($ 77.4bn) invested in 2011. By 2016, the sec-tor is expected to form 24.4% of the country’s GDP, underlining the importance in the overall development of the economy.*
The growing level of investment and interest in the rapidly expanding infrastructure sector is expected to impact favourably on the demand for fresh supplies of hardware, tools, building material and machinery, according to Epoc Messe Frankfurt, organiser of Hardware+Tools Middle East, the region’s only dedicated trade fair for tools, material and machinery.
“The creation of new infrastructure is vital for a country to meet the requirements of a growing economy and to cater to anticipated future needs,” said Ahmed Pauwels, CEO of Epoc Messe Frankfurt. “By showcasing a range of the latest offerings in tools, building supplies and machinery from international manufacturers right here in the UAE, and highlighting the latest industry trends, Hardware+Tools Middle East continues to play its part in the development of the re-gional industry,” he added.
Apart from the ongoing creation of a vast new transport infrastructure of roads, railway and new airport terminals, additionally plans are al-ready in the pipeline for the construction of at least 12,500 houses as part of a massive government housing project according to the Busi-ness Monitor International Report.
As the Middle East’s only dedicated trade fair for hardware, tools, ma-terials and machinery, Hardware+Tools Middle East 2013 is expected to attract participation from key players keen to harness the region’s potential.
Hardware+Tools Middle East 2013, which will be held at the Dubai International Convention and Exhibition Centre from June 11th to 13th, has four main focus areas, namely: Tools, Machinery, Materials and Hardware.
Hardware+Tools is the Middle East’s only dedicated event for tools, hardware materials and machinery. Industry professionals involved in the supply of equipment to or the design, construction, build or specification of commercial or residential developments understand the importance of keeping up to date with new products, services and technology in the field.
Hardware+Tools Middle East is the perfect platform to meet new contacts, discuss new trends and technological developments, keep up to date with industry knowledge and source new products and solutions. The next edition will take place from June 11 – 13, 2013 at the Dubai International Convention and Exhibition Centre. Show website: www.hardwaretoolsme.com.
Messe Frankfurt is Germany’s leading trade fair organiser, with 538* million Euros in sales and 1,891 active employees worldwide. The Messe Frankfurt Group has a global network of 28 subsidiaries and approx 50 international Sales Partners, giving it a presence for its customers in more than 150 countries. Events “made by Messe Frankfurt” take place at more than 30 locations around the globe. In 2012, Messe Frankfurt organised 109 trade fairs, of which more than half took place outside Germany.
The portfolio of events for Epoc Messe Frankfurt in Dubai includes Automechanika Dubai, Beautyworld Middle East, Hardware+Tools Middle East, Materials Handling Middle East, Paperworld Middle East and Playworld Middle East.