Middle East Electricity News – Lighting industry business potential brighter than ever in the Middle East

Latest figures just released by the Statistics Department of Dubai World show that Dubai’s trade in lighting equipment was worth in excess of US$345million in 2006, a year-on-year increase of almost US$49million, with imports valued at just under US$260million. 

According to Adel Al Ashram, Senior Manager, Statistics Department, Dubai World’s Shared Services, “The UAE and the Gulf region are experiencing an ongoing period of prosperity. The substantial development we are witnessing in the retail, commercial and residential sectors is creating a requirement for an enormous amount of sophisticated lighting equipment and solutions. The population rise in Dubai and the rest of the UAE has also contributed to the robust health of the lighting business.”

The statistics also detail Dubai’s top five trading partners in the light fittings and equipment sector. Imports from China accounted for more than a third of the total and were worth US$88.7 million, followed by Germany (US$33.2 million), Italy (US$29.6 million), the United Kingdom (US$27.5 million) and the United States (US$14.8 million). 

“In February 2007, Lighting at Middle East Electricity, the region’s largest and longest established showcase for the regional and international lighting industry, attracted over 19,960 visitors and featured over 250 lighting related companies,” said Sarah Woodbridge, Group Director Exhibitions at IIR Middle East, organisers of the event. “This further strengthens its position as one of the world’s most important trade exhibitions of lighting related products for the industrial, residential and commercial sectors.”  

97% of the exhibitors at the 2007 show said that Lighting at Middle East Electricity immediately increased their business prospects, and were especially impressed with the high quality of the visitors attending the exhibition. “We found the visitors to be extremely focused and of a high quality – it’s an excellent platform to promote our products within the Middle East and beyond,” said Lee Sanderson of CU Phosco Lighting. This view was shared by many other exhibitors including Marie Johnston, of Johnston Lighting & Accessories, who said that the show “was a sensational success for us – we were amazed at the range and internationalism of the visitors.”

Designed with business generation as a primary objective, Lighting at Middle East Electricity is the place where the major deals in the region are struck. “The show has been fantastic – we have lost count of the number of leads that have come to us, and are negotiating some large scale supply contracts as a direct result of our participation,” said Unni Krishnan of Haji Commercial Co.

The result of the remarkable success enjoyed by exhibitors is that Lighting at Middle East Electricity 2008, which takes place from 10-13 February 2008 at Dubai International Exhibition Centre, is already attracting major space bookings from the leading regional and international names in the lighting sector.

“We’re anticipating massive growth in 2008,” added Woodbridge, “With the support of international organisations including CIBSE’s Society of Light and Lighting, the Lighting Association, IALD and Lighting Council Australia, we are already well underway with new developments that will even further increase the event’s effectiveness for both exhibitors and visitors.”

The business prospects in the lighting sector are impressive. Among the key highlights, more than US$45 billion has been allocated for the development of airports across the region, and projects planned or underway across the Middle East are now valued in excess of US$1 trillion. “Significantly, 96% of visitors to Lighting at Middle East Electricity 2007 confirmed that they would visit again in 2008 – without doubt their spending power will be bigger than ever,” concluded Woodbridge.
ENDS
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