Machinex Arabia 2012: A spectacular success with several deals signed

 The 2nd edition of Saudi International Machinery & Equipment Exhibition (Machinex Arabia 2012) saw several business deals signed between Saudi and international companies and was "a spectacular success," involving 150 local and international exhibitors and drawing more than 8,000 visitors.
 The exhibition was inaugurated by Engineer Saleh Ibrahim Al-Rasheed, Director General of Saudi Industrial Property Authority (MODON) who expressed the importance of such exhibitions in Saudi Arabia as they help to attract international investors and strengthen the relationship between Saudi businessmen and their overseas counterparts due to a sharp rise in the Kingdom's building, construction and industrial machinery and equipment.
 The Modon-backed exhibition supported the Kingdom's drive to reduce dependence on imports. Many industrial companies have started operating in various industrial zones in Saudi Arabia and this will eventually lead to self-sufficiency of modern, sophisticated equipment and machinery for various industries, according to the show organiser, Al-Harithy Company for Exhibitions (ACE).
 According to MODON latest research, it confirms that the number of industrial facilities in Saudi Arabia has doubled in the past few years with a total invested amount of US$70 billion, leading to the recruitment of more than half a million people. Together, these facilities are expected to post revenues of more than US$140 billion by 2015.
 Most of the visitors to the three-day event organised by Al Harithy Company for Exhibitions Ltd under the auspices of Saudi Industrial Property Authority (MODON) and industrial equipment leaders Alruqee Group were Saudi business people, industrialists, trade professionals and university students, said Zahoor Siddique, Vice President –Exhibition of Al Harithy Company for Exhibitions.
 "This 2nd edition of Machinex Arabia was a spectacular success, the number of exhibitors and visitors increased significantly – there were more than 8,000 visitors – and several business deals were concluded, which will eventually lead to beneficial cooperation and accelerate the industrial development of Saudi Arabia," Siddique said.

Further he explained that the exhibition offered an outstanding platform for concerned companies to conclude mutual beneficial deals. It has, as well, provided a unique opportunity for businessmen and interested parties to enter into joint industrial investments, and exploring various business opportunities in the most promising market in the region.
 He added that the Saudi market is currently considered as one of the world's most demanding markets for industrial machinery and equipment; therefore, there is a great aspiration to get latest products in the area of industrial equipment to assist in the advancement of the industrial sector in Saudi Arabia in light of the support the Saudi Government.
Siddique noted that the massive development projects in Saudi Arabia constantly require the best and most reliable resources, particularly industrial machineries and equipment. According to estimates, investment in infrastructure projects in the Kingdom topped US$40 billion in 2011. This amount is expected to increase sharply over the next decade, and the total amount to be invested in Saudi Arabia in infrastructure in 2020 is estimated at a staggering US$500 billion.
Showcased at the exhibition were the latest in machinery and equipment, processing and assembly lines and related technologies. The highlight this year was the Turkish national pavilion supported by the Turkish Ministry of Economy with 40 companies in participation.  A wide range of industrial companiesLebron XIII Low EP