01 May 2009

THE Dh2.56-trillion ($698 billion) active construction projects, combined with the ‘dormant opportunity’ presented by delayed projects, represent a significant market potential for the hardware and tools sector, according to the organiser of Hardware and Tools Middle East.

The event, which is scheduled to open this month (May 17 to 19) at the Dubai International Exhibition and Convention Centre, has attracted more than 300 exhibitors and is expected to draw 5,000 trade visitors from the GCC, Middle East, CIS and African region.
Some of the  companies participating in this year’s show are Arwani Trading Company (UAE), Carlos Sousa (Portugal), Channellock (US), Maxrite Impex (India), Orbis Will + Company (Germany), and Central Motors & Equipment/Bosch (UAE).
Hardware and Tools Middle East, the Middle East's only dedicated event for power tools, hand tools, hardware, ironmongery, and workshop and woodworking machinery, has firmly established itself as a unique platform for industry professionals in the region, to source the products and solutions for the hardware and tools industry.
Referring to the slowdown in construction activity in the region, Elisabeth Brehl, managing director of Epoc Messe Frankfurt, organiser of Hardware and Tools Middle East, said: “Published research has shown that the majority of the delayed projects are likely to resume at some point in the near future, creating a ‘dormant opportunity’ for contractors able to ride out the economic storm.
“Market pundits are confident that there are delayed opportunities in terms of suspended contracts. There is still close to Dh2.56 trillion worth of projects on the table.”
The exhibition will run concurrently with Garden and Landscaping Middle East exhibition.

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