GCC construction industry poised for growth
Source: BI-ME , Author: Posted by BI-ME staff
Posted: Sun July 8, 2012 1:05 pm

UAE. Andreas Geier, General Manager, SENNEBOGEN Middle East, recently participated in an interview with the INTERMAT Middle East team to discuss the future of the construction and infrastructure industry in the GCC and the Middle East region.

The Middle East region is currently poised for growth in the construction and infrastructure sectors. Many senior managers and industry influencers all predict that these sectors will experience profitable development both in the short term and long term.

Mr. Geier, said: “For sure there will be some boom markets, like Qatar (2013 onwards, due to the World Cup 2022), Iraq and Egypt (after the political situation stablizes), but even in other markets like Oman, UAE, Kuwait and KSA, we see good possibilities for the next years”

A recent study by MEED Projects, has reported that several construction and infrastructure projects have been awarded to six of the GCC countries which include: US$119 billion to Saudi Arabia; US$75 billion to UAE; US$26 billion to Qatar; US$30 billion to Oman, US$25 billion to Kuwait; and US$10 billion to Bahrain.

Companies and stakeholders in the construction and infrastructure sectors are looking to build lucrative relationships and form strategic alliances with each other to strengthen not just their projects, but also their presence in the region.

According to Mr. Geier, SENNEBOGEN is looking forward to establishing excellent relationships with Union Pipes International and Zublin International, two well-respected organizations in the UAE for their current and future projects in Abu Dhabi.

SENNEBOGEN prides itself in being an industry leader in product innovation. In 2012, the company will launch its new cranes introducing the 655HD (55 ton) and 6130HD (130 ton) Heavy Duty Cycle crane for dynamic applications such as foundation works. They will also offer their newest Telescopic Crawler Crane model 673R (70 ton).

Furthermore, in the material handling division, SENNEBOGEN will develop its new E-series, which is based on the company’s green efficiency philosophy. They will also launch some new models like SENNEBOGEN 8130, which is specifically prepared for port projects.

SENNEBOGEN participated at the inaugural INTERMAT Middle East last year and will be returning to participate again.

On being asked about SENNEBOGEN’s overall opinion of INTERMAT Middle East 2011, Mr. Geier replied: “The support and communication from the fair organization was excellent. The combination with the World Ports Summit has given a positive touch, because of combined customers who could visit both events.”

Mr. Geier further continued: “Abu Dhabi is the right location for such an exhibition and we hope that it will be an event, which will be fully accepted by the customers from the Middle East, because there is no high class construction equipment exhibition like this in this area.”

INTERMAT Middle East 2012 is organized by Comexposium and its partner Clarion Events Middle East and will take place at the Abu Dhabi National Exhibition Centre (ADNEC) from 8 – 10 October 2012.

For more information on INTERMAT Middle East 2012, please visit: http://www.intermat-middleeast.com/

About INTERMAT Middle East

INTERMAT Middle East, a joint venture between Comexposium and its partner Clarion Events Middle East, responds to the need for an event dedicated to construction materials and equipment for the fast growing markets of the Middle East.

About Clarion Events Middle East

CLARION EVENTS MIDDLE EAST, a highly experienced exhibitions and conference organiser with a team that has over 25 years experience in the events industry and more than 15 years experience of organising leading trade events in the Middle East.

About Comexposium

COMEXPOSIUM, the European leader in the organisation of trade fairs boasts 138 congresses and shows catering to the general public and professionals, covering 17 lines of business. The group is jointly owned by the Paris Chamber of Commerce and Industry (CCIP) and UNIBAIL RODAMCO.

 

MIDDLE EAST BUSINESS COMMENT & ANALYSIS

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