The Middle East market for MEP (Mechanical, Engineering and Plumbing) will be worth $22.44 billion by 2013 – nearly double the 2008 figure of $13.53 billion.
According to a report issued by Frost & Sullivan, 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.
“As the construction industry throughout the Gulf perks up, driven by new projects such as those resulting from Qatar’s win for the 2022 Fifa World Cup, new airports and touristic developments, demand for MEP products and services is bound to increase – it is a logical development,” said Ahmed Pauwels, CEO, Epoc Messe Frankfurt, organiser of Hardware+Tools Middle East trade show.
Hardware+Tools Middle East 2011 will be held at Dubai International Convention and Exhibition Centre from May 10-12.