160 companies to participate in Machinex
, February 3, 2013
Fifty international and 110 local companies will participate in this year’s Machinex Arabia, the 3rd International Exhibition for heavy machinery and equipment, set to be held this month in Jeddah.
The event will serve to showcase the best equipment and services; and provide a meeting point for manufacturers, entrepreneurs and prospective partners.
Set to be held under the patronage of the Saudi Industrial Property Authority (Modon), Machinex Arabia 2013 will be held concurrently alongside the complimentary Propac Arabia Exhibition, Saudi Arabia’s 18th international event for production & processing, printing & packaging, plastic and chemicals, from February 18 -21 at Jeddah Center for Forums and Events sponsored by Simco Saudi Industrial Machinery Company and Al-Raqi Group.
Zahoor Siddique, vice president of Al Harithy Company for Exhibitions, said: “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 prevailing in this most lucrative market.”
“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 in Saudi Arabia, and explore new deals and investment opportunities,” he added.
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, according to the latest studies by Modon.
The demand for industrial projects has encouraged Modon to set up 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. – TradeArabia News Service