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Real estate projects worth an estimated Dh2.56 tn are currently under development in the Gulf region |
There are numerous active projects under development in Gulf region, especially UAE, worth an estimated Dh2.56 trillion despite global meltdown impacting property developments across Middle East. These active projects combined with the construction projects delayed represent a market potential for the hardware and tools sector.
Ms. Elisabeth Brehl, Managing Director of Epoc Messe Frankfurt, said: "Published researches showed that majority of the projects are likely to resume at some point in the near future, creating a ‘dormant opportunity' for contractors able to ride out the economic storm."
Hardware and Tools Middle East is scheduled to open from May 17 to 19, 2009, at the Dubai International Exhibition and Convention Centre. The trade fair is the Middle East's only dedicated event for power tools, hand tools, hardware, ironmongery, and workshop and woodworking machinery.
