Boom times ahead for MEP sector
Spin-off from World Cup in Qatar to drive demand for MEP services
The spin-off from Qatar’s successful FIFA 2022 World Cup will be a potential bonanza for MEP contractors, according to Ahmed Pauwels, CEO of Epoc Messe Frankfurt, organiser of Hardware+Tools Middle East.
“As the construction industry throughout the Gulf perks up, driven by new projects such as those resulting from Qatar’s successful bid, together with new airports and tourist developments, demand for MEP products and services is bound to increase – it is a logical development,” Pauwels.
The latest research into the region’s MEP sector by Frost & Sullivan indicated that the Middle East market would be worth $22.44billion by 2013 – nearly double the 2008 figure of $13.53billion.
Spurred on by spending on infrastructural projects and continued investments in commercial, residential and hospitality projects, the Saudi Arabina and Qatari markets are expected to record the fastest growth rates. These countries, along with the UAE, are predicted to be the most significant markets in the area into the future.
According to the report, mechanical services accounted for 37.6% of the overall MEP sector, while electrical services made up 43.2% and plumbing 19.2%. Traditionally, developments in the commercial, residential, hospitality and infrastructure segments have been the main drivers of demand for MEP procucts around the region.
Hardware+Tools Middle East, a specialised platform for MEP manufacturers and service providers, will be held at the Dubai International Convention and Exhibition Centre from 10 to 12 May.