TRADE FAIR : Saudi Arabia
ABOUT FABEX Saudi Arabia 2020
9th Int exhibition for steel, steel fabrication, Metal Forming and Finishing
Date : 8-10 September 2020
Venue : RICEC – Riyadh – Saudi Arabia
FABEX Saudi Arabia alongside with Metal & Steel Saudi Arabia, since its inception in 2012, has cemented its position as the genuine business class event for steel, steel fabrication, metal processing, forming, cutting, welding, Automation, finishing machinery, equipment and tools. It is a convergence point for manufacturers, suppliers, machinery companies, consultants, engineers, agents, traders, distributers, and experts in the steel industry chain with the professionals in metal working sector.
The presence of potential buyers from steel manufacturers, construction, infrastructure, pipelines, shipbuilding, oil & gas, energy and allied industries at FABEX Saudi Arabia, it is indicative of Saudi Arabia’s strong market growth potential and its upward trend to being one of the world’s largest emerging markets.
Increasing figures of the exhibitors and visitors every passing year, it proves that FABEX Saudi Arabia is the first choice of the industry professionals. These magnificent growing rates are not coincidence. From past to present the event has been continuing to be the meeting point of the exhibitors seeking for the latest technologies, products and qualified visitors.
It is prestigious show attended by both national and international participants, in addition to thousands of specialized visitors.
SAUDI FASTENER & MACHINE TOOLS EXPO
Source : Saudi Fasteners
The international Exhibition for fastener, fixing technologies and machine tools.
Saudi Fastener & Machine Tools Expo is exclusively dedicated exhibition to fastener, fixing technologies and machine tools: includes standard fasteners, commercial fasteners, construction fixings, industry specific fasteners (fasteners for Heavy Engineering, buildings, Automotive, Woodworking, rail transit, electronic and electrical products, motorcycles, aerospace, new energy, etc.), assembly and installation systems, stampings, and non-standard fasteners, hand tools, power tools, Industrial Tools and various machine tools to fully meet different demands of downstream industries.
Building on fifth successful editions in Riyadh of Metal & Steel Saudi Arabia exhibition and FABEX Arabia, Saudi Fastener & Machine Tools Expo holds alongside with both exhibitions to create a complete platform of quality business opportunities which cover the full spectrum of the industrial sector.
At Saudi Fastener & Machine Tools Expo you will be able to MEET new customers; PRESENT your products LAUNCH new ones, ASSESS the competition, and CONDUCT business with influential industry experts, distributors, manufacturers and governmental authorities.
The exhibition covers all aspects of the fastener, fixing technologies and machine tools. Products and services from the following industry sectors will be represented:
Industrial fasteners and fixings
Assembly and installation systems
Fastener manufacturing technology
Storage, distribution and factory equipment
Various Machine Tools
Information, communication and services
Visitors at Saudi Fastener & Machine Tools Expo come from many key manufacturing sectors including:
Construction and civil engineering
Electronic and electrical goods
Oil & Gas
Energy and power generation
Ship Building / Marine
HVAC manufacture and installation
Heating / Ventilation / / Air conditioning / services
General engineering – light / heavy
Resellers / distributors
Sanitary ware and plumbing
Saudi Arabia’s Major Fastener Sectors
CONSTRUCTION & INFRASTRUCTURE
Mechanical, Electrical & plumbing
Woodworking / Furniture
SAUDI ARABIA STEEL INDUSTRY PREVIEW
Source : Market background
The Kingdom of Saudi Arabia has become one of the favourite destinations for the steel majors due to thriving construction sector, and soaring steel demand; Over the past few years, the rapid economic development has led to skyrocketing growth in the construction and infrastructure industry, booming investment in real estate and cheap & reliable gas/energy supply which has boosted steel demand in the country and caught the attention of global steel giants.
With the industry’s immense growth potential, according to “Saudi Arabia Steel Industry Forecast to 2013” Economic growth has also contributed substantially to raise domestic steel consumption by accelerating business activities. In fact, the impact of economic slowdown on the real estate projects was minimal. Out of the total real estate projects worth US$ 543 Billion, mere 4% have been cancelled or delayed. Hence, all these factors have fuelled the consumption of iron and steel in the Kingdom to reach around 14.8 Million Metric Tons in 2009 and will boost to over 26 million tonnes by 2015. The steel consumption in the Kingdom will grow 14% CAGR during 2012-2015.
At present, the steel industry in Saudi Arabia is highly import oriented. However, the situation is expected to reverse in future with the escalation of domestic production. The share of imported steel will see a downward trend in coming years as several major capacity expansion plans of manufacturers under pipeline.
The factors which will drive growth in Saudi Arabia’s steel industry during the forecast period and it will become the fastest steel producing and consuming nation in the Middle East region. The increase real estate projects in different parts of the country are currently the key boosters, and this trend coupled with government initiatives will play a greater role in promoting reforms and increasing competitiveness.
Known for its richness in petroleum resources, Middle East region is now emerging as a strong contender for steel industry as not only government-backed projects but also independents have been heavily investing in the steel capacities that is poised to change the recognition of the region from oil pocket to steel hub in coming years.
Saudi Arabia’s $385 billion construction boom
Saudi Arabia comprises the largest construction market in the whole of the Middle East with multi-billion-dollar projects under way and many more in the planning stage by both the public and private sectors.
In 2009, it has invested on the infrastructure and public sector building $80 billion with planned spending $385 billion between 2011- 2015. Plans include building 600 new factories, schools, doubling desalination capacity, increasing electrical generation and distribution. Some 600,000 new homes are to be built in the next four years with many more planned.
The growth is primarily likely to be led by residential development and mixed-use projects apart from infrastructure projects fuelled by the large demand supply gap in the residential segment and the large disposable incomes of the predominantly native and largely urbanizing young population of the Kingdom.
Oil and Gas Continues to be the Pivotal Industry
The world’s largest producer of oil and an important world player in natural gas, with an oil output of nearly 8 million barrels per day and holding gas reserves of up to 230 trillion cubic feet as of 2010, Saudi Arabia continues to be a dominant player in the world oil and gas markets in spite of its efforts to diversify and encourage greater contributions of other sectors to its GDP.
As of 2010, the oil and gas sector contributed nearly half of the country’s GDP. Due to its strategic importance not only in funding its ambitious diversification programmes, but also its role in regulating global oil prices, this sector continues to be dominated by government owned corporations. While the government has plans to spend nearly US$400 billion in various oil and gas projects across the kingdom, it also aims to attract global investment in the sector to the tune of US$1 trillion over a period of fifteen to twenty years in bolstering this cash rich sector. The estimated value of construction contracts expected to be awarded in the oil and gas sector between the years 2008 – 2013 in Saudi Arabia is valued at over US$ 108 billion. However, high regulations and fluctuating oil prices continue to be the key challenges towards the government achieving these goals.
Saudi Arabia accounts for 75% of GCC petrochemical production
Petrochemical industry is the second largest industry in Saudi Arabia. In recent years investment in petrochemicals have increased aiming to exploit the great potential of the sector. There were large players in this sector for decades, such as the state-owned Saudi Aramco and the Saudi Basic Industries Corporation (SABIC). These companies are ranked among the world’s largest petrochemical producers. In Saudi Arabia there are large proven deposits of hydrocarbons, chemical compounds, ethylene and propylene, benzene and xylene isomers that gives great prospects to the country and the region industrially.
The Middle East is probably the most important influence on the global petrochemical industry and Saudi Arabia accounts 75% of GCC petrochemical production, A major part is exported, and it is mainly concentrated in the industrial cities of Jubail and Yanbu. The Kingdom’s petrochemical industry enjoys a natural competitive advantage due to the availability of low-cost feedstock on account of vast crude oil and natural gas resources.
Official website of the event : https://www.fabxsaudi.com/
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