Global Welding Equipment market to grow at a CAGR of 6.62% over the period 2014-2018.
A leading trade fair in the MENA region for welding, cutting, joining and surfacing technology. In the last two editions, exhibitors have presented their latest products, services and technologies relating to manual and machine welding in one of the world's largest growing markets of the future. The global welding equipment market has also been witnessing the shift from manual to automatic welding.
One of the key factors contributing to this market growth is the increasing demand from the Energy, Construction, and Automotive industries.
Gulf countries have earmarked an investment of $313 Billion for various airport development projects, according to International Air Transport Association.
UAE leads from the front with more than $23 Billion investment in airport infrastructure, of which $15.79 Billion is in Dubai alone.
GCC countries aimed at becoming self-reliant
GCC is moving towards a promising region due its ambitious economic development plans to pursue their vision to become industrialised nations, to diversify the sources of their income away from the oil economy.
The mega trends in the GCC are being witnessed in various sectors, the major ones are: The steel and aluminum industries, automotive, railway, economic and industrial cities, petrochemicals, real estate, etc.