Wednesday, September 28, 2016
Participations for the first edition of Woodtech Forum are increasing, as time goes by and they get closer to the date of the event. Woodtech Forum has gained the trust of big companies across the world, which will participate in the event on November 26, in Damietta, Egypt.
Ahec, Epf, Eplf, Hafele, Fantoni, Scm Group, Alfa Wood and other companies from all over Europe, are some of the organizations and companies that they had already confirmed their participation to Woodtech Forum, presenting new technologies and trends in furniture design and equipment.
Woodtech Forum: The gateway of investments
It is also very promising that Woodtech Forum has attracted the interest of many international and local financial organizations and large investment funds revealing its intention to finance investments in furniture machinery.
Alongside Woodtech Forum, the future projects to Egypt are big and impressive. The development of Damietta Furniture City is expected to attract many important investments in the fields of timber machinery and design. A rapid technological growth is expected, giving a new breath to the local furniture industry. New products which will be demonstrated in Damietta Furniture City are expected to be developed from high class materials and to be distinguished for their outstanding quality and design. Damietta Furniture City will become a top international meeting point for the professionals of wood, furniture and machinery industry. It is clearly shown that the economy of Egypt is growing again, with a rate between 3.3 and 4.3%.
Key points of the Egyptian market that one should be aware of:
• Egypt market imports 700.000 m2 of beech per years
• the imports of natural and artificial veneer reaches the amount of 13 million sqm.;
• more than 600.000 m3 of plywood imports;
• over 80% of the furniture that the Egyptian artisans produce, goes to the Arabic countries;
• the real estate sector of Egypt is projected to grow by 70% by 2020. This means further increase of the construction sector and consequently in the field of wood and furniture.
Tags: 60 days left, AHEC, Alfa Wood, Damietta, Damietta Furniture City, Egypt, EPF, EPLF, Fantoni, first edition, Hafele, participations, SCM GROUP, woodtech forum
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