The infrastructure construction in the Middle East will be strengthened in the future

In recent years, although the global construction and real estate development rate was once slowed down by the global financial crisis, but with the recovery of various countries’ economies and the gradual cracking of real estate financing problems, the Middle East buildings dominated by UAE, Saudi Arabia and Kuwait The market remains strong and gradually picks up, driving the demand for machinery, electrical appliances and plumbing products (MEP) in the Middle East unabated, and the hardware tools market continues to grow.

According to recent predictions from authoritative industry agencies, by 2013, the global home improvement and DIY market will reach US$637.5 billion, up 12% from 2008; demand for electric tools will reach Dh102 billion (US$28 billion). The average increase rate is close to 4%; other derivative products also have different degrees of growth, such as various types of helmets/helmets (building site necessities) mainly driven by the construction market. The global market size will reach 23 billion dirhams by 2015 (6.3 billion US dollars). ).

The United Arab Emirates is the center of construction industry in the Middle East. At present, the total amount of its 1,372 construction projects is about 900 billion U.S. dollars. In Dubai and Abu Dhabi, the construction sites are being seen everywhere. High-end luxury hotels and luxury office buildings abound. According to statistics, in the first three quarters of 2009, despite the financial difficulties, nearly 2,000 buildings in Dubai have been completed, building confidence in the market recovery. In the next 20 years, the population of Saudi Arabia will double, and the demand for housing and commercial buildings will remain strong, which will certainly boost the market demand for local construction machinery, hardware products and tools.

According to statistics from relevant agencies, the amount of construction and infrastructure projects contracted in the Gulf region in the Middle East will reach US$114 billion in the coming year. The amount of related projects currently planned and being planned will reach US$257.3 billion, and the amount of related projects under construction will be as high as US$1.3684 billion (of which the UAE and Saudi Arabia accounted for 52% and 21%, respectively), both increased significantly from the previous year. Such market conditions have contributed to the rapid growth in the demand for hardware tools in the Middle East, especially the UAE.

Another powerful factor is that the production of local hardware tools and related products in the Middle East is very low, and they rely heavily on imported products, which provides good opportunities for related global product suppliers. Local dealers are looking for cheaper, cost-effective products, and are also focusing on high-quality products, including high-end products that reflect environmental trends and the use of green building technologies, and have shown strong interest in imported products.

From the market prospects, it can be seen that the Middle East Hardware and Tool Fair is an excellent place for international exhibitors to open up the hardware tools market in the Middle East, and has become an important platform for professionals to find and obtain the best related products and services. Chinese exhibitors should take a long-term view, make full use of this platform, use Dubai as the center, and radiate the entire Middle East hardware tool market.