Hi KSA participation in The Big 5 rises 75 %, with 100 companies participating in KSA pavilion organized by Saudi Exports.

Hi KSA participation in The Big 5 rises 75 %, with 100 companies participating in KSA pavilion organized by Saudi Exports.

Organized by Saudi Export Development Authority (Saudi Exports), the KSA pavilion in The Big 5, the largest construction exhibition in the Middle East to be held in Dubai from 17 – 20 November, 2014, will see the largest number of Saudi companies – a total of 100 companies – in the show’s Saudi pavilion. This represents an increase of 75 per cent over the previous edition when only 27 companies took part.

The Big 5 is the largest construction exhibition in the Middle East, serving as a networking platform for construction product suppliers and buyers to be held in Dubai Exhibition and Convention Centre.

Saudi Exports Secretary-General, Mr. Ahmed bin Abdul Aziz Alhaqbani, said the authority’s participation in “The Big 5 Dubai 2014” exhibition for contracting sector and building materials was part of the preliminary phase of Saudi Exports. He added that the pavilion will feature Saudi products that are competing to increase their footprint in the global construction markets.

Alhaqbani said that the Saudi economy and the private sector were making rapid strides and Saudi Exports was contributing by providing services to companies and organizations which will pay dividends to the economy.

Alhaqbani added that Saudi Authority strives to offer value additions to Saudi manufacturers. “We work in synergy with manufacturers and government departments to attain the broader goal of boosting the economy.”

The Big 5 comes at a time when the Gulf region in general and KSA in particular are witnessing economic and construction boom.

!!!SEE YOU THERE!!!

Hi ‘The UAE has nothing to worry about’!.

Hi ‘The UAE has nothing to worry about’!.

At just two per cent, the UAE has one of the lowest inflation levels in the world, says the country’s Minister of Economy.

Speaking to the media on the sidelines of the Summit on the Global Agenda in Dubai, Sultan bin Saeed Al Mansoori, UAE Minister of Economy, says that the country has been successful in controlling the prices of commodities on its territories.

He underlined the importance of the World Economic Forum’s summit in Dubai, saying that approximately 80 senior government officials were attending the conference held at Madinat Jumeirah.

When asked about the oil prices, Al Mansoori says the UAE has nothing to worry about, as the crude oil prices are still not low enough to affect the country’s budget. “The diversification of the UAE economy in the past few years means that oil prices do not directly affect the economic dynamics of the country. The Emirates has taken pertinent steps to move away from the reliance on oil revenues.”

Diversification of economies in the GCC region is the best way to move forward and avoid any negative effects of the oil price fluctuations, he says.

On foreign investment coming into the UAE, the minister says it is accelerating. With open market policies, “foreign investment in the UAE is set to rise by 10.5 per cent annually.”

More than 1,000 experts from all over the world are attending the Summit on the Global Agenda is Dubai, which will conclude on November 11.

By Atique Naqvi

Hi Egypt & Energy: What's the plan?

Hi Egypt & Energy: What's the plan?

It is no secret: Egypt is facing an energy-crisis - have a look at the most important numbers and possible solutions.

Egypt Business Directory brings you an excerpt of GAT-magazine, the official publication of the German-Arab Chamber of Industry and Commerce. The file looks at the Energy sector in Egypt, poses the most important numbers, evaluates consumption and whether coal is a plausible solution to Egypt's energy crisis. 

Hi Event Search Announcement: The Engineer Design & Innovation Show 2015!!!.

Hi Event Search Announcement: The Engineer Design & Innovation Show 2015!!!.

Hi NEWS!!!

Running from 2^nd – 4^th June 2015 at the NEC Birmingham, The Engineer Design & Innovation Show will focus on everything an engineering designer needs to do their job: from high end products and services - such as new design software and 3D printing - to the components, materials and innovative technologies used to create next-generation products and processes.

With such a wide range of content on show, the exhibition has been designed to appeal to design engineers of all levels, right through to the senior engineers and directors responsible for determining their company’s design strategy.

At the heart of the show, The Engineer Conference will provide visitors with a compelling mix of hard hitting industry keynotes, technology focussed-seminars and fascinating “show and tell” sessions revealing the engineering story behind some of the UK’s most interesting projects.

The new event will run alongside Centaur’s existing Subcon and Advanced Manufacturing exhibitions, completing a trio of shows that together highlight and celebrate the entire UK engineering value chain.

Subcon gives OEMs and higher tier suppliers access to top-quality subcontractors, the Advanced Manufacturing Show focuses on the tools and advanced manufacturing technology that OEMs and their suppliers need to make these products in-house, and The Engineer Design & Innovation show focuses on the tools and components design engineers need to bring new products to market.

We’re very excited to be launching The Engineer Design & Innovation Show alongside Subcon and AMS,’ said editor of The Engineer, Jon Excell. ‘Together the three shows will provide a one-stop shop for engineers looking for components, design services, and ultimately for someone to manufacture their product. Visitors will be able to access the entire product development chain under one roof.’

For stand space and sponsorship opportunities please contact:

Daniel Gray:

E: daniel.gray@centaur.co.uk

T: +44 (0)207 970 4150.

Hi News Transport & Tourism Carrier: Etihad offers Alitalia concession with Serbia influence under the sleeve.

Hi News Transport & Tourism Carrier: Etihad offers Alitalia concession with Serbia influence under the sleeve.

Alitalia will give up some slots on the Rome-Belgrade to its European competitors, sources close to the European Commission tell Reuters.

With Etihad’s recent 49 per cent acquisition of the Italian carrier under scrutiny from EU aviation authorities, the Abu Dhabi-based airline has been discussing possible concessions to offer in return for European antitrust approval.

Another anonymous source close to the deal told Reuters back in September that “the carriers are likely to secure EU approval if they offer minor concessions”. As such, the route between Italy and Serbia’s capital, which Alitalia serves daily, as well as other route concessions, may be freed up to European rivals such as Lufthansa and Austrian Airlines.

However, with no direct flights and fares averaging 50 per cent higher, it seems that the only major beneficiary of this agreement would be Air Serbia – which likewise serves a direct daily between Rome and Belgrade.

Crucially, Air Serbia is also 49 per cent owned by Etihad, which, therefore, suggests that potential concession wouldn’t damage the UAE national carrier’s influence in the region.

Aside from Air Serbia and Alitalia, Etihad also holds minority stakes in Air Berlin, Air Lingus and Swiss-based Darwin in Europe, as well as Virgin Australia, Air Seychelles and Jet Airways globally.

Brussels is expected to rule on the deal by November 17.