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Specta takes part in Fabex 2016 and Metal & Steel Middle East 2016

01.02.2016

Specta takes part in Fabex 2016 and Metal & Steel Middle East 2016

Visit Specta stand to optimize your packaging costs – stand # A13-2, Cairo International Convention Centre, Cairo – Egypt. 18-20 February 2016.

Metal & Steel Middle East Exhibition has established itself as a solid and reliable platform which caters to the requirement of the region’s booming steel industry. Now it is in the 7th edition and continues to bring together the world’s leading manufacturers and suppliers of steel and metal industry to meet the growing requirements in the region.

Steel manufacturers in Arab countries are exerting efforts to integrate and consolidate their position in the face of a growing worldwide industry trend of mergers and acquisitions. There are 67 steel plants in the Arab region. The demand for steel is rising at five to six per cent every year. It is predicted that half of the world’s steel production will be done in Arab countries and Arab countries succeed in keep up with worldwide development in the steel industry.

The MENA region is considered to be among the top five locations in the world to establish a steel factory, due to a favourable environment and relatively cheap energy prices.

FABEX Middle East 2016 is the Arab’s Largest Metal Forming, Fabricating, Welding and Finishing Exhibition in the Middle East. FABEX Middle East 2016 will come at a time when the MENA region will have emerged from a period of immense change. Although the current political situation around the region, Steel production in the countries of the Middle East and North Africa (MENA) remains far below the level of demand for steel in the region, making it one of the major export markets for the world’s steelmakers. The World Steel Association says demand for steel in Mena is rising at one of the quickest rates in the world and it is expected grow by 4 per cent this year, increasing to 4.7 per cent in 2016.

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