17 countries to participate in iron, metal expo

25/04/2016 04:55 AST

Two hundred companies from 17 countries will take part in an exhibition on iron and metal industries, which will open in Riyadh on May 1. Saudi Industrial Property Authority (MODON) Director General Saleh Al-Rasheed will inaugurate the event, Usama Al-Kurdi, chairman of the board of directors of the Al-Qat Company, stated.

The exhibition, dubbed as the first of its kind in the region, is being held at the Riyadh International Exhibition Center in cooperation with German Arab Company for Exhibitions, a major entity in organizing major exhibitions.

Al-Kurdi added that over the years, visitors have increased in numbers whenever the iron and metal industries exhibition is held.

“There will be an 11.3 percent growth rate in the steel sector in the Kingdom until 2017,” he said, adding that 51 percent of ongoing projects in the GCC in the field of iron and metal industries belong to Saudi Arabia.

“The increased interest in the iron and steel industries is due to the great interest in the Kingdom, given the overall renaissance of major projects taking place in all fields,” Al-Kurdi said, adding that Saudi Arabia is among the top 10 countries with the fastest annual economic growth from 2013 to 2017.

The Kingdom has allocated a huge budget for large infrastructure projects over the next five years, which will boost the demand for steel in the country, Al-Kurdi stated.


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