China News Service, Shanghai, June 14 (Reporter Li Jiajia) The fertile land of the Middle East has become another broad market that Chinese companies are eager to explore after the United States and Europe. Today, the first Middle East Manufacturing Expo 2007 that came to China to display the latest news showed that Chinese manufacturing companies represented by metal processing and machinery manufacturing have shown a keen interest in the Gulf market, and they are leading companies such as Haier and China FAW. Under the exemplary role, China's cement, sewing equipment, refrigeration and other companies have accelerated the pace of entering the Middle East market.
In the past few years, relying on huge reserves of oil and natural gas resources, numerous countries in the Middle East and the Gulf have accumulated huge amounts of wealth. At the same time, in order to reduce the excessive dependence of the national economy on energy, the region has strategically shifted to industrial construction and the development and investment in industrial parks, and huge manufacturing opportunities have emerged.
Statistics show that in 2005, the United Arab Emirates’ investment in the manufacture of machinery, equipment and tools was as high as US$ 3 billion; in 2006, the region is expected to have a gap of nearly one billion tons of steel. The demand for manufacturing machinery and tools in the Gulf region is expected to grow at an annual rate of 22%.
Attractive business opportunities have successfully attracted many Chinese brand manufacturers to invest directly in the Middle East market. Haier, as the first home appliance brand in China, is one of the first Chinese brands to enter the Middle East market. In April of this year, the China National Machinery Industry Association relied on the domestic automobile backbone enterprises of China National FAW Group, Dongfeng Automobile, Beiqi Futian and other nine national brands to go to Syria to negotiate business and touring exhibitions, and made every effort to enter the Middle East market.
It is reported that as one of the few comprehensive trade events in the manufacturing industry in the region, the Middle East Manufacturing Fair 2007 to be held in the UAE in December will focus on metal processing machinery and equipment, wood processing machinery and equipment. Exhibitors in the industrial and manufacturing sectors such as machinery and equipment for rubber and plastic products can be called a big gathering in the manufacturing industry. Many Chinese companies wishing to participate in the exhibition stated that the cooperation between China and the Gulf region will become an inevitable strategic choice for the future economic development of the two countries. The Middle East manufacturing industry exhibition is like a powerful stepping stone that can help them quickly enter the emerging markets of the Middle East and step into fertility. The oil world, in turn, radiation affects the vast Asian and African regions.
Seger Industrial Co., Ltd. , http://www.qddiecastings.com