With the third edition of INTERMAT Middle East approaching, participating exhibitors – Diego Bertati, Service and Field Manager - Gulf Area, CIFA, and York Liang, President, LiuGong Machinery Middle East (FZE) - discuss the future of the construction industry in the Middle East and their participation at the event.
According to a report published by Standard Chartered, Dubai is expected to spend around $9 billion to fund its growth plans for the event. Furthermore, according to an EC Harris study, the UAE is projected to spend $329 billion on major construction projects by 2030, boosting the UAE's recession-hit construction sector through additional investments in infrastructure development. Big construction projects, which cost over $1 billion, are due to peak in the UAE by 2016, and projects worth $40 billion are due for delivery in 2016.
When asked about the countries and the sectors in the Middle East that CIFA expects to see most growth in terms of construction, Diego Bertati Service and Field Manager - Gulf Area, CIFA, said: “In Saudi Arabia, we know there are very big projects to build new cities, so perspectives are good. For the UAE we think that, after the boom in 2007-2008, we should see a stable market for the coming years especially with the upcoming Expo2020 in Dubai. Oman is also a very interesting market for construction, even more than Qatar. In terms of sectors, surely big infrastructure projects and underground works are the ones that show most growth potential at present.”
“We think that currently, Lebanon and Syria are difficult markets to approach because of the political situation. For other Middle Eastern countries it is very important to have the right partners for distribution otherwise it gets difficult to enter the market.”
LiuGong's President, York Liang, stated: “With the rebuilding project for Iraq in development and the World Cup in to be held in Qatar, we see Iraq and Qatar as the two major countries in the Middle East that would show growth in terms of construction. Of course the UAE will also be on the list now that it has won the bid for Expo 2020. In general construction will grow. As far as countries that are difficult to enter, Qatar seems to be a difficult country for us to enter.”
In the UAE the latest and most important construction products CIFA is working on are the: Samsung Wastewater Project and University City in Abu Dhabi.
CIFA at this year's INTERMAT edition will be showcasing their truck pump model K38L acquired by the customer “New Mix”. Describing the model and its features in details, Diego Bertati, said: “The K38L truck mounted concrete pump is the perfect choice for small and medium sites. With a 4-sections-boom it combines ease of use with a compact truck layout. It is adequate also when a relevant delivery capacity is needed: bridges and deep pours, car parking and basements. The pump can be equipped both with an open loop and closed loop pumping unit to reach the highest performances.”
Speaking of their participation at INTERMAT Middle East, Diego Bertati, said: “We look forward to participating at the next edition of INTERMAT Middle East with the aim of gaining different perspectives and visibility from other countries – especially since a lot of people come for the exhibition from other GCC countries. It also provides us with an occasion to invite customers, so participating at the event is beneficial for us.”
York Liang, continued: “We strongly believe that INTERMAT Middle East is a professional event dedicated to equipment and is good platform for construction players, such as our company. Since brand awareness of Chinese construction machinery remains low, last year's edition of the exhibition allowed us to present our brand and create awareness, thereby increasing the appeal for our products. At the coming year's edition we will be showcasing a number of products such as wheel loader, excavators, roller, backhoe loader, mobile crane amongst many others. Also, an increasing number of LiuGong products will be launched in the MENA region with tailored configuration, keeping in mind the high temperature and dust.”
Organised by Comexposium and Clarion Events Middle East, the third annual INTERMAT Middle East will take place from 14 – 16 January 2014 at the Abu Dhabi National Exhibition Centre (ADNEC), in Abu Dhabi, UAE.