The over $10 billion Middle East wire, cables and tubes industry is reaping the dividends of infrastructure growth in the region and looks to boost its visibility by taking part in the leading twin trade fair, wire 2024 and Tube 2024.
Addressing a press conference, a spokesperson for Messe Dusseldorf GmbH, organiser of the two fairs said 132 companies from the Middle East and India have confirmed participation, including 12 from the UAE and 110 from India, joining their global counterparts to tap into the opportunities presented by the global market estimated to grow from $330 billion in 2021 to over $420 billion by 2026 at a CAGR of 5%.
“With robust and exponential growth in the development of infrastructure in sectors such as oil and gas, telecom, construction and industrial manufacturing, the Middle East is now a sweet spot for the wires, cables and tubes industry. The wire 2024 and Tube 2024 at Dusseldorf from April 15 to 19 next year, will be a platform and vantage point for ME companies to showcase their strengths and partner with global companies to take the industry forward with innovation and sustainability,” said Friedrich Georg Kehrer, Global Portfolio Director, wire / Tube and Flow Technologies, Messe Dusseldorf GmbH.
He said Middle Eastern companies have taken a cumulative exhibition space of 1,142 sq m this year. Exhibitors from the UAE including Ducab which exports over 60% of its products to 45 markets across the Gulf, Asia, Oceania, Africa, Europe and the Americas. Other participants are from Bahrain, Egypt, Iran and Oman.
The leading global fairs, wire 2024 & Tube 2024, will have around 2,000 exhibitors from across 60 countries from the US, Middle East, Central and South America, Asia and Africa, spread across over 1 million sq ft.
“The Middle East is very significant for wire and Tube since large number of trade visitors come from the region. During the last show, we had 2,365 trade visitors, which was 5.5% of the total visitors. Middle East is a dynamic region where companies like Ducab continues to create new benchmarks in growth, innovation and sustainable methods of production,” said Kehrer.
Apart from machinery and equipment for wire, cable, tube production, the wire 2024 & Tube 2024 will also showcase processing and end products, technological advancements in pipe processing, forming and blending technology, machinery and equipment etc.--TradeArabia News Service