JEDDAH: ARAB NEWS
Published — Monday 4 February 2013
Last update 3 February 2013 11:27 pm
As many as 110 local and 50 international exhibitors are showcasing their products and services at Machinex Arabia, the 3rd international exhibition for heavy machinery and equipment, which is being held in Jeddah from Feb. 18-21.
Jeddah Center for Forums and Events is the venue for the event, which is being held concurrently alongside the complimentary Propac Arabia Exhibition — Saudi Arabia’s 18th international event for production and processing, printing and packaging, plastic and chemicals.
The show, where exhibitors will showcase the latest equipment and services, and provide a meeting point for manufacturers, entrepreneurs and prospective partners, has the support of Saudi Industrial Property Authority (MODON) and is sponsored by Saudi Industrial Machinery Company Ltd. (SIMCO) and Al-Raqi Group..
Machinex Arabia is the “perfect annual meeting place” for global suppliers of machinery and equipment and Saudi Industrialists and businessmen to explore together the huge prospects available in this most lucrative market, according to Zahoor Siddique, vice president exhibitions at Al-Harithy Company for Exhibitions (ACE).
“Machinex and Propac Arabia serve as an ideal networking and marketing platform that will gather key figures, decision makers and manufacturers from the global building, construction, and industrial machinery and equipment. Exhibitors can benefit from maximum brand exposure during the event, while creating exciting opportunities to expand their business contacts across the Kingdom, and explore new deals and investment opportunities,” he added.
According to MODON’s latest studies, the industry has become one of the fastest growing sectors in Saudi Arabia creating unparalleled demand for the full range of industrial machinery, machine tools and spare parts. The demand for industrial projects has encouraged MODON to plan 40 industrial cities throughout the Kingdom by 2015. Investment in the industrial sector has risen from $ 24.57 billion in 2009 to $ 37.70 billion in 2010. Today, the investment figure has jumped two-fold from its 2010 level.