Qatar’s manufacturing sector registers exceptional growth

While the Qatari economy displayed an exemplary resilience to the impact of the unjust siege imposed by the Saudi-led bloc, the country’s manufacturing sector led the way in 2017 by clocking exceptional growth and unprecedented expansion.

Thanks to the concerted efforts by all stakeholders, Qatar has been able to transform the challenges into opportunities in almost every sector of the economy. While ramping up production of its existing industrial units, the country began setting up new factories to quickly move towards self-sufficiency.

According to a statement by the Minister of Energy and Industry HE Mohammed bin Saleh al Sada, the number of factories entering the production stage in the first six months of the siege doubled compared to the same period a year ago.

The minister’s statement hinted at the futile attempt by the siege countries to jeopardize Qatar’s economy.
In fact, Qatar’s economy has only picked up momentum since the siege with new plants in manufacturing, food, cement, plastic and steel sectors developed at a fast pace. Qatar has managed to attract huge investments into its manufacturing sector. According to a statement issued by Ministry of Energy and Industry, Qatar has attracted investments of about QR260 billion in its manufacturing sector.

“A total of 730 industrial facilities have been registered with the ministry. Qatar is putting a lot of efforts to realise the directives of the wise leadership in achieving a balanced and sustainable industrial development,” Sada was quoted as saying by Qatar Tribune.
In a bid to encourage local industry and small and medium enterprises, Qatar has provided incentives for industries such as fee exemption on equipment, raw materials and machine parts.
The manufacturing sector has become one of the most attractive investment opportunities in Qatar following the new legislation which facilitates the process while providing investors with a slew of incentives.

The ‘Own Your Factory in 72 Hours’ initiative launched by the Ministry of Economy and Commerce (MEC), after the blockade, has been a major draw. Under the initiative, 63 investors were shortlisted for setting up factories in Qatar worth a total of QR2.5 billion. The ministry has already provided licences to the shortlisted firms and begun allotting land for setting up the factories in New Industrial Area.
Ahmad Zeidan, head consultant of ‘Own Your Factory in 72 Hours’ initiative, told Qatar Tribune that the shortlisted investors had already started work on their respective projects.”Within one year, all the factories will begin production,” Zeidan said.
Launched as part of the MEC’s ‘Single Window System’, the ‘Own Your Factory in 72 Hours’ initiative, has drawn a huge response from both local and global investors.

The ministry set up a committee comprising representatives from 10 different ministries and government bodies to evaluate the applicant-investors.

The committee received a total of 8,128 applications from investors in Qatar and more than 1,000 requests from 50 countries for winning the 250 investment opportunities covering eight major industrial sectors.
Out of the 9,128 applicants, the committee shortlisted around 900 investors for evaluation and meetings.
After holding more than 450 personal meetings with investors, the committee finalised the names of investors for 63 projects. More names will be announced at a later stage.

According to information provided by the ministry, out of the 63 investors, 22 will be setting up industries in the food sector.
While the overall manufacturing sector witnessed growth, there was more focus on food, medicine and other essential products with a view to tiding over the diplomatic crisis.

The Qatari government also partnered with the private sector to promote local products both in domestic and international markets.
The ‘Made in Qatar’ exhibition organised by Qatar Chamber in partnership with the Ministry of Energy and Industry and Qatar National Bank became a huge success.

The size of the area allocated for the exhibition increased from 15,000 square metres (sqm) last year to 30,000sqm this year. The number of exhibitors also doubled compared to the previous edition.

Qatar Chamber Chairman Sheikh Khalifa bin Jassim al Thani told Qatar Tribune that the siege has given birth to an”industrial renaissance” in the country.


Iraq emerging as top infrastructure investment hub

Iraq is emerging from the destruction and strategizing the rebuilding of the country to position itself as a regional super power, said Frost & Sullivan’s recent research report on Assessment of Industry Sector Opportunities in Iraq.

Bridged between Asia, Middle East and African economies and strategically placed at the mouth of Europe, Iraq possesses immense locational advantage as a nation with opportunities that stand to be untapped.

The country benefits from immense natural wealth in the form of its huge reserves of natural resources. Having been brutally battered first by the Gulf war and more recently by the ISIS conflict, Iraq is just emerging from the destruction and strategizing the rebuilding of the country to position itself as a regional super power.

Newer opportunities are emerging with the return of semblance of political stability and initiation of the nation’s redevelopment and The recent report provides a broad overview of the current status of these high priority sectors, apart from providing a brief peek into addressable opportunity areas.

The recent report provides a broad overview of the current status of these high priority sectors, apart from providing a brief peek into addressable opportunity areas.
reformation plans, according to Frost & Sullivan.

Even as the nation’s re-building opportunity proves to be humongous and unique, investors and businesses alike are in need of business intelligence in understanding the right mode of entry, the most rewarding business model and business opportunity, stated the report.

Iraq possesses one of the largest oil reserves in the world, making it a highly attractive business opportunity.

As the country also focuses on diversification initiatives, opportunities unfurl in sectors such as construction, infrastructure, healthcare, transportation, energy and telecom which are being positioned as high priority development sectors, it stated.

The recent report provides a broad overview of the current status of these high priority sectors, apart from providing a brief peek into addressable opportunity areas.

Ali Mirmohammad, senior consultant for Iraq, Frost & Sullivan said: “With the end of the ISIS war, Iraq is on the path of reconstruction and economic resurrection that calls for sustained investment to the tune of over $900 billion within the next decade.”

“Iraq plans to focus on the Oil & Gas downstream value chain as well as minerals value chain, construction and infrastructure industries, healthcare, energy, tourism and financial services sectors to move the GDP growth rate by 10 per cent annually within the next decade,” explained Mirmohammad.

Following the ISIS war, multiple sectors are in a state of disarray and would need massive re-development and newer investments.

“Oil and gas, housing, infrastructure, industry, minerals, and service sectors will account for 65 per cent of the overall investment in the next 10 years, while ICT, transportation healthcare, water, electricity, tourism and renewable energy will grab the remaining 35 per cent investment in Iraq in the next 10 years,” he added.
Iraq emerging as top infrastructure investment hub
Mirmohammad pointed out that the country requires over $30 billion per annum of foreign direct investment (FDI) to achieve its reformation and stabilisation goals within the next 10 years.

“With more than 39 million population, Iraq remains and attractive consumer market with potential of over $40 billion,” he added.


Industrial sector hopes to achieve better growth rates in 2018

MUSCAT: Several industrial companies expressed their optimism that this year will see better growth of the industrial sector driven by higher oil prices and the implementation of many infrastructure projects in the Sultanate and other GCC countries.
Last year, industrial companies took a number of initiatives to reduce the impact of cutting government spending in the GCC, one of the main markets for Omani industrial firms.

Industrial companies faced last year many domestic and external challenges, including continued volatility in oil prices.
The political and economic conditions that prevailed in the region and other countries in 2017 limited the growth of revenues and profits of many companies.

Oman Cement said it had worked over the past year to overcome the effects of a significant rise in some key cost elements through good cost management and productivity improvement, and hoped to maintain market share despite continued strong competition, as mentioned in the company’s annual report which will be discussed today in the general assembly annual meeting.
The company plans to distribute 30 per cent of the nominal value of the share, equivalent to 30 baisas per share, which is the same as last year.

Raysut Cement said that it focuses on active markets with improvement in operational processes.
It added that its financial results were affected last year by a number of factors, notably the decline in demand and rising costs resulting from high cost of energy, raw materials, maintenance, increase in income tax and a number of other factors.
On March 13, the company approved a cash dividend of 29 per cent of the par value of 29 baisas. Raysut Cement is the largest industrial company by market value of RO 159.2 million and its share closed at 796 baisas.

The Oman Cables Industry said that in 2017 it maintained its sales volume despite current market conditions, noting that it benefited from 19 per cent higher copper prices than in 2016, which had a positive impact on the value of sales. Copper is the main component of cables.
Al Jazeera Steel Products said that improved oil prices and a commitment to reduce production will contribute to boosting the national economy and stimulating growth, which will stimulate the construction sector. At the same time, the company explained that the main challenges remain. It added that it will continue in 2018 focusing on improving factory uses, strict cost control and increase sustainable margins through diversification of markets and geographical areas.

Al Jazeera Steel Products is one of the leading industrial companies that achieved a good growth in its net profits by 6 per cent to RO 4.8 million in 2017. The company said that 2017 was a good year in terms of sales as it managed to sell and deliver the highest quantities. It added that the achievement was accomplished in a challenging year, starting with relatively high raw material prices followed by periods of volatility as the iron future market in China was affected.

In the Flour Mills sector, Salalah Mills said that the Group’s revenues declined slightly last year to reach RO 57.1 million, compared to RO 57.3 million in 2016. The parent company recorded a net profit of RO 4.1 million, a decrease of 9.6 per cent over 2016, because of completion from flour mills in the UAE, as well as the competition of the new mills in the Sultanate. The Group achieved a net profit of RO 3.9 million, an increase of 11.6 per cent from its level in 2016 due to improved performance of subsidiaries. At the Annual General Meeting (AGM), on March 26, the company plans to distribute 50 per cent cash dividend, or 50 baisas per share.


Iranian steelmakers see big boost in exports

Mobarakeh Steel Co (MSC), the largest Iranian steel producer, increased its exports sharply to 172,000 mt in the last Iranian month (to February 19), 80% higher than in the previous month and about nine times more than in the same period last year, according to statistics obtained from Iranian mines and metals group, Imidro, Monday.

However, total exports from MSC declined in the first 11 months of the current Iranian year (April-February). Some 1.05 million mt of flat-rolled products and steel slabs were exported by MSC in this period, marking a 28% decline on the year.

Steel exports from Iran’s other main steelmakers steadily increased though. Iran’s main mills exported 6.56 million mt of products in the first 11 months of the current Iranian year, mainly semi-finished products, marking a 39% increase from the same period last year.

With some 2.5 million mt of billet and slab exported during the 11-month period, Iran’s second largest producer (but the largest exporter) Khouzestan Steel Co (KSC), registered a 49% on-year increase in exports.

KSC’s products went to 17 countries, including Italy, South Korea, India, Taiwan, Indonesia, Malaysia, Turkey, Thailand, Oman, Egypt and the UAE, domestic news agencies reported the company’s managing director, Mohammad Keshani, as saying.

Some 1 million mt of slab was also exported during the period by MSC’s affiliated company, Hormozgan Steel Co, marking a 9% increase year on year.

Some 1.02 mt of finished and semi-finished products, including 748,000 mt of billet, was exported by Esfahan Steel Co (Esco) — up 99% on the same period last year.

In the past month alone, exports from major mills shot up 111% on year, excluding exports by smaller private-sector producers.

During the last Iranian year (to March 20), the country’s major steel producers exported 5.38 million mt of steel products, 29% up on the year, as previously reported by Imidro.

Details regarding export destinations for producers other than KSC were not immediately available.


Trump steel tariffs: Harming Egypt’s exports?

US President Donald Trump took the world by storm earlier this month when he pushed forward with plans to impose import tariffs of 25 per cent on steel and 10 per cent on aluminium entering the United States.

The new tariffs are due to come into force 15 days after the order was issued on 8 March. Trump said the levies were necessary for national security reasons and to stop the foreign “assault “on the US.

However, he exempted Canada and Mexico from the tariffs and held out the possibility of excluding other US allies by signalling that the tariff policy was open to more exemptions.

The US is the world’s largest steel importer, buying about 35 million tons of foreign steel in 2017. The decision could harm the Egyptian steel industry, since while Egypt does not export aluminium to the US it does export steel.

Egypt exported 170,000 tons of steel to the US in 2017, Hassan Al-Marakby, deputy head of the Metallurgical Industries Chamber (MIC) at the Federation of Egyptian Industries, said.

This represented a large increase over 2016, he said, adding that if Egypt was not exempted from the new tariffs, it would likely lose these exports.

Al-Marakby also said that the figure had been expected to increase as Egypt has good production capacities and several Egyptian steel companies have potential regarding possible steel exports to the US.

Only two Egyptian companies currently export steel to the US, Ezz Steel and Kandil Steel, he said.

Egypt should push for asking the US for an exemption on the new tariffs, he said, explaining that were this to be granted it could represent an opportunity for Egypt to boost its steel exports to the US by filling the gap created by other countries not likely to be exempted, including Turkey.

Al-Marakby said that Turkey had exported 2.5 million tons of steel to the US in 2017.

“This could give Egypt the chance to boost its steel exports to the US and increase its market share,” he said.

The chamber will be holding talks with the trade ministry, he said, in order to push towards exempting Egypt from the tariffs. Egypt’s steel exports to the US represented three per cent of total US steel imports in 2017.

The decision to exempt Egypt from the new tariffs would likely be a “political” one, Al-Marakby said. If Egypt did not receive the exemption, it could lose up to 170,000 tons of exports and the potential to boost its steel exports to the US in the coming years, he said.

Egypt’s steel exports to the US were worth some $102 million last year, according to figures from the General Organisation for Import and Export Control.

Trade Minister Tarek Kabil said recently that steel exports did not represent more than six per cent of Egypt’s total exports, and that the US share did not exceed three per cent of these.

Egypt’s trade with the US stood at $5.5 billion in 2017, compared to $4.7 billion in 2016, an increase of 13 per cent.

Al-Marakby said he was optimistic about the possibility of exempting Egypt from the new tariffs, even though Egypt was included on a list of 12 countries drawn up by the US Department of Commerce recommending that Trump impose at least 53 per cent tariffs on their steel imports.

Other countries on the list include Brazil, China, Costa Rica, India, Malaysia, Russia, South Korea, South Africa, Thailand, Turkey and Vietnam.

The recommendation on tariffs came as part of a list of remedies drawn up by the US Department of Commerce to address the problem of steel imports.

In a report entitled “The Effect of Imports of Steel on National Security”, it said that the US steel industry had closed six oxygen furnace facilities and idled another four since 2000 because of foreign competition, representing more than half such plants in the US.

It also said that employment in the industry had dropped by 35 per cent since 1998.

Other countries are seeking to be exempted from the US tariffs. The European Union and Japan urged the US last week to grant them exemptions from metal import tariffs.

The EU is also threatening counter-measures that could target US imports into Europe ranging from maize to motorcycles. Under World Trade Organisation rules, the counter-measures have to be in place within 90 days of the US tariffs coming into effect.

European steel and aluminium associations have warned that the US tariffs could mean their sectors shedding thousands of jobs.

Even within the US, experts said that higher US tariffs on imported steel could leave some US steel workers jobless.


Saudi Arabia Steel Pipes and Rebars Market 2017-2021 – Slow Infrastructure Growth to Hit Steel Demand in Saudi Arabia

The “Saudi Arabia Steel Pipes and Rebars Market Outlook to 2021 – Growth of Construction Sector and Oil & Gas Projects is Likely to Drive Demand” report has been added to Research and Markets’ offering.

The report titled “Saudi Arabia Steel Pipes and Rebars Market Outlook to 2021 – Growth of Construction Sector and Oil & Gas Projects is Likely to Drive Demand” provides a comprehensive analysis of steel pipes and rebars in Saudi Arabia.

The report focuses on overall market size for steel pipes and rebars sold in Saudi Arabia, market segmentation of steel pipes by type of steel pipes (seamless, ERW, SAW and LSAW), by sectoral demand (oil and gas, construction and agriculture), by sectoral demand for seamless pipes (oil and gas and construction), by sectoral demand for LSAW pipes (hydrocarbon sector and structural and other demand), by type of LSAW pipes (sour pipes and non-sour pipes), by sectoral demand for ERW pipes (oil and gas and others), by diameter of LSAW pipes (24.0-30.0 inches, 48.0 inches and others) and by grade of LSAW pipes (X60 and X65 and B class pipes); market segmentation of steel rebars by sectoral demand (oil and gas, construction, manufacturing and others), by regional demand (Riyadh, Dammam, Jeddah and others) and by finishing type (fabricated rebars, epoxy coated rebars and black rebars).

The report also covers company profile of major players, competition scenario; import scenario for steel rebars; decision making process, government regulations; growth drivers and trends and issues and challenges. The report concludes with SWOT analysis and market projection for future highlighting the major opportunities and cautions.

Market Dynamics

Growth Drivers and Trends in Saudi Arabia Steel Pipes and Rebars Market

Increase in Large Scale Interregional Oil and Gas Projects
Growing Drilling Activity Fuels Demand for Steel Pipes
Increasing Usage of Seamless Pipes and Tubes
Tremendous Growth in Steel Consumption
Issues and Challenges in Saudi Arabia Steel Pipes and Rebars Market

Growing Competition from Imports: Chinese Manufacturing
Fluctuating Steel Prices in Saudi Arabia
Industrial Environment and Sustainable Development Framework
Slow Infrastructure Growth to Hit Steel Demand in Saudi Arabia
Oil Price War
Key Topics Covered:

1. Executive Summary

2. Research Methodology

3. Saudi Arabia Steel Pipes and Rebars Market Overview and Genesis

4. Value Chain Analysis of Saudi Arabia Steel Pipes and Rebars Market

5. Saudi Arabia Steel Pipes Market

6. Saudi Arabia Steel Rebars Market

7. Decision Making Process adopted by Customers before purchasing Steel Pipes and Rebars in Saudi Arabia

8. Profiling of Major Steel Pipes and Rebars Customer in Saudi Arabia: Saudi Aramco

9. Growth Drivers and Trends in Saudi Arabia Steel Pipes and Rebars Market

10. Issues and Challenges in Saudi Arabia Steel Pipes and Rebars Market

11. Government Regulations in Saudi Arabia Steel Pipes and Rebars Market

12. SWOT Analysis in Saudi Arabia Steel Pipes and Rebars Market

13. Future Outlook for Saudi Arabia Steel Pipes and Rebars Market

14. Analyst Recommendations

15. Macroeconomic Factors affecting Saudi Steel Pipes and Rebars Market

Companies Mentioned

Al-Ittefaq Steel Products Co.
Arabian Pipes Co.
Arcelor Mittal
Atteih Steel Co. Ltd
Global Pipe Co.
National Pipe Co. Ltd
Rajhi Steel Industries
Saudi Steel Pipe Co.
Welspun Corp Ltd
For more information about this report visit

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Turkey’s manufacturing growth hits fastest rate in almost seven years

Turkey’s manufacturing activity expanded at the fastest pace in nearly seven years in January, a key survey showed on Feb. 1.

According to the Purchasing Managers’ Index (PMI) compiled by IHS Markit and the Istanbul Chamber of Industry (İSO), the headline index rose to 55.7 in January from 54.9 in December 2017.

Any figure greater than 50 indicates overall improvement of the sector.

“Business conditions in the Turkish manufacturing sector improved at a strong and accelerated pace at the beginning of 2018. Bolstered by strong demand, growth in new orders and purchasing activity quickened, leading to the fastest expansion in output observed for almost seven years,” said IHS Markit economist Gabriella Dickens, commenting on the PMI survey data.

The overall performance was the best since March 2011 amid strong underlying demand, read the release, adding that the upward movement in the headline index was supported by sharp and accelerated output growth at the start of 2018.

“Notably, manufacturing output rose at the quickest pace since February 2011. Firms continued to win new business in January, as demand rose domestically as well as globally. This led volumes of new orders to grow at the quickest pace seen in 83 months,” it added.

“Strong production growth was also supported by a further rise in employment during the month, with workforce numbers increasing solidly, albeit at a slightly slower pace,” the release stated.

However, cost burdens also increased sharply amid unfavorable exchange rate movements and higher raw material prices.

The release noted that in response to higher cost pressures, manufacturers raised their selling prices.

The rate of inflation in output charges was the fastest observed over the past 12 months, it added.


Turkey’s manufacturing sector continues to improve

Turkey’s calendar-adjusted industrial production rose 8.7 percent in December 2017, compared to the same month last year, the Turkish Statistical Institute (TÜİK) announced on Feb. 8.

Industrial output is considered a vital indicator for the economy as it is seen as a preliminary gauge for GDP growth.

Among three main sub-indexes, the mining and quarrying index rose the most, by 14 percent.

The annual increase in the manufacturing index was 8.9 percent, while the electricity, gas, steam and air conditioning supply index was up 5.7 percent.

The term “calendar-adjusted” is used to refer to data without calendar and holiday-originated effects.

The seasonal- and calendar-adjusted production level was also up compared with the same figure for December 2017.

“Industrial production increased by 0.9 percent compared with the previous month,” TÜİK said.

Among the sub-sectors, only the electricity, gas, steam and air conditioning supply sector contributed negatively to the monthly reading, slipping 1.1 percent, according to data.

On a monthly basis, the mining and quarrying index rose 2.6 percent while the manufacturing index climbed 1.2 percent in December.

TÜİK also said calendar-adjusted industrial production rose 7.8 percent in the fourth quarter of last year over the same period in 2016.

In a survey by state-run Anadolu Agency’s Finance Desk on Feb. 6, a group of 11 economists projected the calendar-adjusted industrial production index would rise 6.4 percent year-on-year.

On an annual basis, industrial production in Turkey saw the biggest rise in July, up 14.5 percent.

In Turkish manufacturing activity, the Purchasing Managers’ Index (PMI) for Turkey’s manufacturing sector hit a seven-year high of 55.7 in January amid strong demand and accelerated output growth, according to a Feb. 1 report by the London-based global data company IHS Markit co-prepared with the Istanbul Chamber of Industry.

In December, Turkey’s exports rose to $13.87 billion, up 8.6 percent from the same month of the previous year, TÜİK said on Jan. 31.


Major industrial expo opens in Bahrain

The 11th edition of the Gulf Industry Fair (GIF), the Northern Gulf’s leading specialist business-to-business (B2B) event for industrial products and services, opened today (February 6) at the Bahrain International Exhibition and Convention Centre.

The three-day event was inaugurated by the Prime Minister of Bahrain, HRH Prince Khalifa bin Salman Al Khalifa.

The exhibition, organised by Hilal Conferences and Exhibitions (HCE), focuses on industrial development and innovation through a series of initiatives and activities.

The high-profile expo offers companies direct access to a dynamic multi-billion-dollar industrial marketplace and the opportunity to showcase their products and services to a targeted B2B audience consisting of procurement managers, industrialists, purchasers, consultants and decision makers from the region and internationally.

Leading industry leaders showcasing their products at the event include AKGEC, ASNU, Audi Transformers, Al-Ahleia Switchgear, AXA Power, Bahrain Pack, Beka, Bobcat, Doorking, Eazy ERP, Ebara, EMSA, Gossen Metrawatt, Grove, Hyster, Kohler, Lincoln Electric, Manati, MAC Valves, Mahendra Pumps, Metabo, Midal Cables, Manitowoc, Molex, Omicron, Osaki, Perkins, Rexton, Rockwell Automation, Schneider Electric, Taishanbrand and Thorn Security.

Gulf Industry Fair 2018 is being held against a backdrop of falling revenues from oil, bringing into sharper focus the decision by GCC governments to accelerate their economic diversification programmes, said the organisers.

“Despite a regional economic slowdown caused by low oil prices in recent years, ongoing investment in the GCC’s industrial infrastructure remains strong,” remarked Jubran Abdulrahman, the managing director of HCE.

“Notably, Saudi Arabia’s long-term 2030 Vision is likely to be a key driver of the Gulf’s industrial ambitions in the coming years, as the region’s biggest economy accelerates diversification efforts,” he stated.

Abdulrahman pointed out that Gulf Industry Fair 2018 will build on the legacy left by previous editions of the show.

“We are grateful for the unwavering support of the Prime Minister, HRH Prince Khalifa bin Salman Al Khalifa, in helping to establish Gulf Industry Fair as the ‘go to’ exhibition for companies operating in the Northern Gulf’s expanding industrial markets. We are committed to providing the ultimate networking, knowledge-sharing and deal-making platform for all companies involved in the industrial sectors,” he added.

This year’s edition of GIF enjoys the strategic support of Aluminium Bahrain (Alba), Bahrain Petroleum Company (Bapco), the National Oil and Gas Authority (Noga) and Bahrain Investment Wharf. The Industrial Facilities Sector is championed by Majaal.

“We are proud of the quality of this year’s line-up. GIF 2018 sees the launch of the Solar Utilities Network (SUN) promoting renewable energy and the commercial opportunities that will contribute to Bahrain’s industrial development,” remarked Abdulrahman.

The Prime Minister inaugurated the Network today by switching on the SUN logo powered by a solar tree.

The debut SUN initiative will focus on the latest trends in the solar and renewable energy sector and how the industry can benefit from them.

“In addition “Made in Bahrain” manufacturers will be promoting the country’s capabilities in addition to world-class industrial facilities which will add to the business proposition of the kingdom to international and regional investors,” added Abdulrahman.

The exhibition is an annual celebration of the industrial drivers of the growth in the GCC’s economies. GIF promotes the key industrial segments of Aluminium, Industrial Processes and Manufacturing; Industrial Metals (Steel & Alloys); Energy & Environmental Protection; Industrial Facilities; Ports & Maritime Industries; Training for Industry; and Fire, Safety & Security.

Innovative products showcased at GIF include: tooling, solar energy, wireless electricity transmission, smart technology, robotics, floating facilities, aluminium wheels, lighting poles, valves, specialised industrial paints and coatings and compressors.

“Industrial development will require energy to fuel growth. Today, energy requirements are not only about cost-effective power generation but also have to consider environmental concerns,” stated Ahmed Suleiman, the exhibitions director of HCE.

A major highlight of the debut SUN forum will a keynote address by Bahrain’s Electricity and Water Affairs Minister Dr Abdulhussain bin Ali Mirza. It will be held tomorrow (February 7), the second day of the Gulf Industry Fair.-TradeArabia News Service


Egypt to establish largest Textile City in Sadat

Tarek Kabil, Industry Minister of Egypt, has announced to set up a textile city in Sadat City. The project will be implemented in five phases by the Chinese firm Man Kay, which owns 25 affiliated companies, according to Egypt’s media reports.

The proposed project in the city will be spread over an area of 3.1 million sq. mt. and house 568 factories, offer employment to more than 160,000 workers and technicians with a total annual production value of US $ 9 billion, as reported.

At least 87 per cent investment of the total paid-up capital of US $ 2 billion will be shared by foreign investors while 13 per cent will come from the local investors.

The Government of Egypt has planned to commence work on this project by March this year and is expected to be completed by 2020. At least 57 factories with a total investment of around US $ 230 million will be set up in the first phase. The fifth and final phase of the project will be completed by 2024.

The project negotiations had begun in May last year and reached an agreement in November to establish a city for the textile and garment industry in Sadat City. This project comes in the framework of strategic cooperation between two nations, Kabil said.

Over the past two years, Sadat City witnessed the opening of 79 new factories in the chemical, food, engineering and electronic and construction materials industries that represents 13 per cent of the total factories opened till date. The textile and apparel industry will now be tapped to generate more revenues from the region.