Dubai WoodShow, since its inception in 2006, has grown beyond the horizons of success and has become the only dedicated trade show in the Middle East for the wood and woodworking machinery industry. It is a convergence point for manufacturers, traders, suppliers, machinery companies and end-users in the wood industry chain. The vast range of products showcased at the Dubai WoodShow include wood products, woodworking machinery, blades and knives, tools, abrasives, industry solutions, and much more. The show, being highly specialized, provides the perfect opportunity for the regional and international companies to showcase and learn about wood and woodworking and to build new strategic relationships with buyers, traders and investors.
UAE: The host of Expo 2020
The construction sector has always been the largest single sector in the GCC where ample amount of investments are made. For 2017, the UAE is expected to be the bright point among regional markets with a slight pickup from the 2016. There is a forecasting of $45bn award programme as Expo 2020 related construction programmes ramp up and Abu Dhabi increases the amount of work available in the market. The UAE GDP growth is expected to accelerate to 3.4 per cent in 2017 from an estimated 3 per cent in 2016.
Construction Opportunities in other GCC Countries
Qatar’s growth rate is expected to be the fastest in the GCC in 2017 at over 5 per cent on the back of public sector infrastructure spending. As the host country of FIFA 2022, Qatar has invested a huge sum over the last few years in the development of the required infrastructure. The country has devised plans to draw USD 222 billion of amount by 2022 for the infrastructure projects including stadiums, hotels and other transport related facilities. Saudi Arabia has huge pipeline of megaprojects (i.e. projects worth USD 1 billion and above) with more than 80% of the investment flowing through these multi-billion dollar projects. Kuwait and Oman also have a huge pipeline of multi-billion dollar projects planned and are the next hot spots in the GCC infrastructure market which makes it favorable for the wood and woodworking machinery industry as well.