Monday, February 21, 2022
Recent approval of Dubai’s $1.42bn Construction Projects Budget is crucial to UAE, as it is one of the fastest growing attractive destinations for investment leading to impressive bilateral trade relations for African Wood and Woodworking Industry companies that are leveraging the emirate as a strategic hub to boost their exports and global reach.
Mr. Dawood Al Shezawi, the President of the Organising Committee of Dubai WoodShow said, “The move by Dubai government to allocate$1.42bn for Construction Projects Budget for the period 2022-2024 is very crucial to the wood and woodworking industry as we approach the DubaiWoodShow 2022 where Dubai and Africa will once again come together in what is arguably the best platform of its kind after a hiatus caused by the pandemic.
Dubai WoodShow, as an extensive large-scale trade exhibition (B2B), will provide an ideal platform for suppliers, manufacturers, machinery and tools’ companies to present their products, innovative technologies and large-scale machinery to key figures in the African region. The show will be an ideal opportunity for Dubai and African countries to seal beneficial deals that foster the wood and woodworking industry.
With such boom in the construction and building sector across the region, wood and woodworking machinery industry is bound to benefit and will increase the demand for sustainable products and technologies. The UAE construction market was valued at USD 101.45 billion in 2020, and is now expected to reach a value of USD 133.53 billion by 2026, registering a CAGR of 4.69% over the period of 2021-2026.
The industry overview looks promising as the Dubai government continues with its infrastructure plans, given various government initiatives such as the Energy Strategy 2050, the Sheikh Zayed Housing Programme, and the Dubai Tourism Strategy.
Dubai WoodShow has always attracted quality visitors from more than 100 countries around the world. It has established a platform for serious wood professionals (buyers & sellers) to come under one roof.DWS does not only give the visitors a chance to interact with the experts from the industry but also gives them the unique opportunity to grab lucrative business deals offered by the exhibitors during the course of the exhibition.
In its 17th edition, the event organisers have for the first time introduced Industry Awards for Exhibitors asrecognition to the best individuals and organisations that will participate in the exhibition of Dubai WoodShow 2022. Winners will be chosen in different award categories.
Tags: Afriwood, dubai, Dubai WoodShow, timber construction, wood building, woodworking and manufacturing, woodworking construction, woodworking event, woodworking industry
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