Saturday, February 26, 2011

MIDDLE EAST MARKET FOR MEP SERVICES TO BE WORTH US$ 22.44 BILLION BY 2013


The Middle East market for MEP (Mechanical, Engineering and Plumbing) products and services is set to boom on the back of a revived construction industry. This was confirmed by recent research that indicated that the Middle East market would be worth US$ 22.44 billion by 2013 – nearly double the 2008 figure of $ 13.53 billion – registering a CAGR of 10.8 %.*

Spurred on by spending on infrastructural projects and continued investments in commercial, residential and hospitality projects, the markets of Saudi Arabia and Qatar are expected to record the fastest growth rates. These countries, along with the UAE are predicted to be the most significant markets in the area, looking into the future.

According to the report issued by Frost & Sullivan, mechanical services accounted for 37.6% of the overall MEP sector, while electrical services made up 43.2% and, plumbing, 19.2%. Traditionally, developments in the commercial, residential, hospitality and infrastructure segments have been the main drivers of
demand for MEP procucts around the region.

“As the construction industry throughout the Gulf perks up, driven by new projects such as those resulting from Qatar’s win for the 2022 Fifa World Cup, new airports and touristic developments, demand for MEP products and services is bound to increase – it is a logical development,” said Ahmed Pauwels, Chief
Executive Officer of Epoc Messe Frankfurt, organiser of Hardware+Tools Middle East, the region’s
foremost trade platform for the hardware, tools and machinery industry.

“Hardware+Tools Middle East, is a niche, trade only event represent ing these industry segments in the region.  The event is an easily accessible and specialized platform for MEP manufacturers and service providers to access this particular market,” Pauwels added.  “The exhibition aims to be a reflection of this specialized industry as a whole and as such provides a strong sourcing platform.”

Now in its 12th edition, Hardware+Tools Middle East 2011, will be held at the Dubai International
Convention and Exhibition Centre from May 10th to 12th. The event will bring together construction
professionals,  buyers, suppliers, manufacturers, key purchase influencers – in short, the entire spectrum of this niche industry under one roof.

Designed to provide a streamlined customer experience to trade visitors and buyers, Hardware+Tools Middle East covers the following sections: Machinery, Tools, Construction and Building Materials and Hardware.