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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

Source:http://www.tradearabia.com/news/OGN_336412.html

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Oman’s SGRF to develop port, industrial zone in Tanzania

consysta automation spare parts

A major integrated project to develop a port and an adjoining industrial zone in Tanzania by the Sultanate’s State General Reserve Fund (SGRF), along with its partner China Merchants Ports (CMPorts), has received approval from the Government of Tanzania.

The proposal included dredging of the navigational channel, construction of a port and logistics park, and the development of the portside industrial free zone. The whole project is called the Bagamoyo Special Economic Zone Project, said a press release.

This approval is a major milestone and will be followed by negotiations on legal agreements. Thereafter, activities will commence on environmental studies, tendering of engineering, procurement, as well as on the construction packages and construction works of the project.

Bagamoyo project is one of the largest strategic projects of the SGRF. It includes the construction of a maritime port having international standards, which will be developed in phases.

The first phase will include four marine berths, two of which will be allocated to containers — one for multiple uses and another for support services.
The first phase of the port will be developed parallel to the development of the supporting infrastructure, as well as the industrial zone associated with the port. An additional area of 700 hectares will be allocated for the future development of the port, which is expected to accommodate giant vessels.

“We would like to thank the Government of Tanzania for entrusting us with the development of this project, and we highly value this partnership, which comes in light of the deep-rooted historical relations with Tanzania and as a strong testimony to the successful relations with the China Merchant Group,” stated Abdulsalam Al Murshidi, Executive President of SGRF.

A free industrial zone will also be connected to the port, which will cover an area of 1,700 hectares. Some 70 per cent of the area will be allocated to factories, workshops, stores and warehouses, while 30 per cent will be used for transportation networks, landscaping, water, power, and gas and telecommunications networks.

Source:http://oeronline.com/industries/manufacturing/97095.html

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Russia agree oil cut extension to end of 2018

VIENNA, Nov 30 (Reuters) – OPEC and non-OPEC producers led by Russia agreed on Thursday to extend oil output cuts until the end of 2018 as they try to finish clearing a global glut of crude while signalling a possible early exit from the deal if the market overheats.

Russia, which this year reduced production significantly with OPEC for the first time, has been pushing for a clear message on how to exit the cuts so the market doesn’t flip into a deficit too soon, prices don’t rally too fast and rival U.S. shale firms don’t boost output further.

Russia needs much lower oil prices to balance its budget than OPEC’s leader Saudi Arabia, which is preparing a stock market listing for national energy champion Aramco next year and would hence benefit from pricier crude.

The producers’ current deal, under which they are cutting supply by about 1.8 million barrels per day (bpd) in an effort to boost oil prices, expires in March.

Saudi Energy Minister Khalid al-Falih told reporters the Organization of the Petroleum Exporting Countries and non-OPEC allies had agreed to extend the cuts by nine months until the end of 2018, as largely anticipated by the market.

OPEC also decided to cap the combined output of Nigeria and Libya at 2017 levels below 2.8 million bpd. Both countries have been exempt from cuts due to unrest and lower-than-normal production.

Falih said it was premature to talk about exiting the cuts at least for a couple of quarters as the world was entering a season of low winter demand. He added that OPEC would examine progress at its next regular meeting in June.

“When we get to an exit, we are going to do it very gradually … to make sure we dont shock the market,” he said.

OPEC and Russia together produce over 40 percent of global oil. Moscow’s first real cooperation with OPEC, put together with the help of President Vladimir Putin, has been crucial in roughly halving an excess of global oil stocks since January.

With oil prices rising above $60, Russia has expressed concerns that an extension for the whole of 2018 could prompt a spike in crude production in the United States, which is not participating in the deal.

A joint OPEC and non-OPEC communique said the next meeting in June 2018 would present an opportunity to adjust the agreement based on market conditions.

The Iraqi, Iranian and Angolan oil ministers also said before Thursday’s meetings that a review of the deal was possible in June in case the market became too tight.

International benchmark Brent crude rose around 0.5 percent on Thursday to trade above $63 per barrel.

GLUT OR SHORTAGE?

Just as OPEC gathered in Vienna, U.S. government data showed that U.S. oil production rose 3 percent in September to 9.48 million bpd. But Falih said OPEC “won’t be quick on the trigger” to react to short-term U.S. output spikes.

U.S. shale oil producers, which effectively triggered the global oil glut of recent years, have been adjusting their message over the past year, switching away from combative language with regard to OPEC actions.

“If producers in the U.S. increase their rig count over the next few months due to higher prices then I expect another price collapse by the end of 2018,” said Scott Sheffield, executive chairman of Pioneer Natural Resources Co, one of the largest producers in the Permian Basin of Texas and New Mexico, the largest U.S. oilfield.

“I hope that all U.S. shale companies will maintain their current rig counts and use all excess cash flow to increase dividends back to their shareholders,” he told Reuters.

Gary Ross, a veteran OPEC watcher and founder of Pira consultancy, said the market could surprise on the upside with Brent rising to $70 if there were a major supply disruption.

“Everywhere you look there is an ever-present risk to supply,” Ross said.

“In Iraq’s Kurdistan there is a major risk to oil exports because of tensions with Baghdad, in Libya militias are still fighting, in Nigeria the risks of disruptions are significant, Venezuela is on the verge of default, Iran could again face U.S. financial sanctions and even in Saudi Arabia political risk is on the rise,” Ross added.

The production cuts have been in place since the start of 2017 and helped halve an excess of global oil stocks although those remain at 140 million barrels above the five-year average, according to OPEC.

Russia has signalled it wants to understand better how producers will exit from the cuts as it needs to provide guidance to its private and state energy companies. On Thursday, Novak said all companies were on board with the latest limits.

Source:https://www.cnbc.com/2017/11/30/reuters-america-update-9-opec-russia-agree-oil-cut-extension-to-end-of-2018.html

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Oman looks to build mining sector to kick-start economy

Oman looks to build mining sector to kick-start economy

The Mining and minerals industry in Oman offers great potential, which can be utilized effectively. Recently, the Oman’s mining industry appears to be on a steady growth with production of minerals growing by nearly 20 per cent in the last year.The Oman is set to declare new mining regulations, which is drafted by the Public Authority for Mining (PAM), in this year.The country’s mining industry will be made more attractive for the investors and will be developed to export more metals and extracted minerals.The director general of Research and Geological Surveys, Ali Al Rajahi said, “We are expecting to have the law passed by mid of this year. The law will focus on several areas, which include developing the local community and environment of mining. A very important factor is changing the people’s mentality towards mining sector. We will work to help local communities develop through mining activities….”Oman’s mining sector foresees remarkable growth in the next few years, which will significantly kick start mining activities and attract investment to the Sultanate.The aim of the new mining regulation is to facilitate opportunities for local as well as foreign investors utilizing the country’s mineral resources, tap new sources of income and secure employment for as many Omani citizens as possible in the mining industry.

Due to the impetuous development of mining industries in Oman, demand of mining spare parts of industries is highly increased.SCION INDUSTRIAL ENGINEERING PRIVATE LIMITED, supplying company is committed to providing spare parts service, dedicated to maximizing equipment availability and optimizing operational performance in the growth of mining opportunities in Oman.SCION INDUSTRIAL ENGINEERING PRIVATE LIMITED has always strived to create a leading brand and the most valuable brand of global mining machines with strong production capacity as development foundation, perfect research power as quality guarantee and excellent service systems as brand extension.The mining industry contributes to GDP, it also acts as the catalyst for the growth for other core industries like power, steel, cement, etc. for the overall development of the economy.

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Why MNC’s are keen to invest in Iran?

Why are the MNC keen to invest in Iran

Iran is the second largest economy in the Middle East and North Africa region after the kingdom of Saudi Arabia. Iran is also the second largest populated region after Egypt. Iranian government adopted an extensive strategy surrounding the market-based reforms as reflected in the government’s 20-year vision and the sixth five-year improvement plan for the 2016-2021 periods.

The present Iranian government directly operates numerous enterprises and indirectly controls many companies attached with the security controls. Now, the threat to political stability has been declining in comparison to earlier years and the current government takes the initiatives for reconstructing the economy. Iran is now viewed as a promising business opportunity for the multinationals for their strong structural reforms.

Reasons for investing in Iran;

  • A unique geographical location at the heart of a crossroad connecting the Middle East, Asia and Europe, coupled with many inter- and Trans-regional trade, customs, tax and investment arrangements.

 

  • Market Potentials and Proximity: Vast domestic market growing steadily as well as quick access to neighboring markets.
  • Labor allowances: a large number of trained and efficient manpower at a very competitive cost in a diversified economy with an extensive industrial base and service sector.

 

  • Developed Infrastructure: Territory developed networking in the area of telecommunication, power, water, roads, and railways across the country.

 

  • Low Utility and Production Cost: Diversified range of energy, telecommunication, transportation, as well as public utilities.

 

  • Abundant Natural Resources: Varied and plentiful reserves of natural resources ranging from oil and gas to metallic and non-metallic species reflecting the country’s accessibility to readily available raw materials.

 

  • Climatic Characteristics: A four-season climatic endowment as a privilege to agricultural activities throughout the country and throughout all seasons.

 

  • Political Stability: Representative system of government based on the friendly relationship with other nations.

 

  • New Investment Legislation: Enactment of the new

Foreign Investment Promotion and Protection Act to substitute the former Law Concerning

Attraction and Protection of Foreign Investments in

Iran by providing full security and legal protection to foreign investments based on transparency and international standards.

Oil & Gas are the most attractive sectors for investment for every multinational.

Other sectors are also attracting investors;

  • Tourism
  • Manufacturing
  • Retail
  • Healthcare
  • Mining
  • Infrastructure
  • Transportation
  • Information and Communications Technology
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The economic development of Yemen

ScionIndustrial ENgineering

Among widespread poverty, high levels of unemployment,corruption and a major deterioration in services such as water, electricity and security, Yemen and international development partners are increasingly realizing the need to focus on economic development in Yemen. Yemen’s last two years of transition were characterized by intense scrutiny of the political process which overshadowed a focus on economic development in the country.

However, the economy doesn’t just need shallow attention. If Yemen’s tremendous economic prospects are to be changed that attention needs to operate within a very specialized framework.

Yemen reforms the champions and the international development partners can no longer afford to develop their agendas and programs based purely on technical assessments without fully understanding the patronage networks and accounting for different interests and incentives.

New approaches to addressing Yemen’s development challenges, combined with widespread change and renewed commitments within the government, are all vital to move the country forward.

Another tool to address these two questions is to insist on conditions and stipulations that build scrutiny around the budget process. A portion of aid money—and more importantly the donors’ influence—should focus on building local accountability and ensuring budget transparency.

“Being able to fulfill the demand for spare parts at the time they are needed is a key element of customer satisfaction and retention,” explains David Barboro, general manager, service network solutions, for Click Commerce.

More than ever, manufacturers these days are seeking ways to increase the economic development and growth of Yemen. . However, many of them neglect one important opportunity—their own service business. With the challenges of low-cost competitors, increasing business complexity and increasing customer demands, one way manufacturers can differentiate themselves is via service excellence, especially in the area of replacement and spare-parts management.

Within few decades internationally SCION INDUSTRIAL ENGINEERING PRIVATE LIMITED has achieved its fame and height in supplying any kind of machinery spare parts and lubricants which are the elixir of all sophisticated heavy machinaries used in diferent industries like steel industry,agriculture industy,mining industry,sugerprocesing industry,pump/motors/compressor industry,paper industry,textile industry,automotive industry,crusher industry, material handling equipment/ heavy machinery/ earthmoving equipment industry.