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UAE to spend USD 1.63 billion on infrastructure projects by 2016

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Dr Abdullah bin Mohammad Bel Haif Al Nuaimi, the UAE Minister of Public Works, said that the UAE plans to spend around AED 6 billion on major infrastructure developments across the country, including road networks and federal buildings by 2016.

Dr Al Nuaimi said that already AED 3 billion worth of projects are underway, and consultants and contractors have been appointed, revealed, while addressing a gathering after inaugurating the ArabPlast 2014, the region’s biggest trade show in petrochemicals and plastics, in Dubai.

Senior officials from Al Fajer Information and Services and Messe Dusseldorf, joint organisers of the event, were also present.

Dr Al Nuaimi said the participation of exhibitors from more than 45 countries reflects the high standing of the show which is spread over nine halls in Dubai International Convention and Exhibition Centre.

He said that the plastics play a key role as they are largely used in construction projects as an alternative for metals, mainly in the manufacturing of tubes and pipes.

He added that the ministry attaches major importance to sustainability in all its projects.

Mr Satish Khanna, the general manager, Al Fajer Information and Services, said that “The GCC is a leading player in the commodity polymers space due to availability of relatively cheap reserves of gas, and hence cheaper feedstock, making the region one of the most cost-effective suppliers of polymers.”

Mr Khanna said that the fact that many global companies are setting up major alliances in the region, as part of plans to add more than 15 million MT of capacity across various petrochemicals until 2017, has given a strong boost to ArabPlast 2015.

Mr Jeen Joshua, the group project manager of ArabPlast 2015, said that “This year, the show has registered the strongest participation ever, bringing together 1,100 companies from 45 countries, and 18 national pavilions, up 31% compared to the previous edition of the numebr of exhibitors.”

Mr Khanna said that the show had been witnessing aan average 25% to 35% increase in number of exhibitors in every recent edition of ArabPlast.

He said that “This is huge growth, making ArabPlast one of the biggest events of its kind globally.”

Source – TradeArabia News Service

Zhejiang Yaang Pipe Industry Co., Limited

Article Categories:
Metals · Raw materials

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