Dubai's debt crisis of the Ceramic have little effect on the export in the Middle East(12/7/2009)

November 23-26, Dubai, Dubai, United Arab Emirates BIG5 Building Materials Show in the World Trade Center. The exhibition is divided into 12 exhibition halls than in previous years an increase of two exhibition hall, exhibitors mainly from the machinery, hardware, building materials, building ceramics, sanitary and other fields. It is learned that, BIG5 the Middle East's largest construction, building materials and services in class exhibitions, was initiated in 1980, an annual session. Dubai, UAE, one of seven emirates, with the largest seaport in the Middle East. It is reported that Middle Eastern countries in the coming years will be a large investment in urban construction, power plants, desalination works and petrochemical projects, market size is estimated more than 2.4 trillion U.S. dollars.

It is understood that many Chinese enterprises took part in the BIG5 Ceramic exhibitions, such as the Guangdong Dongpeng Ceramics Co., Ltd., Hong Kong 100 Tao Group (Holdings) Co., Ltd., Hangzhou Nobel Ceramics Co., Ltd., a unified Ceramics Limited. In another development, Fujian Province and Foshan both a professional foreign trade companies, organizing groups to participate in this exhibition, only foreign trade companies, organizations, Foshan Ceramic participating enterprises up to a dozen.

After the end of this BIG5, Dubai, the debt crisis erupted. According to "China Securities Journal reported," the latest news, December 1, the debt crisis exploded in Dubai Dubai World Group, issued a statement saying it would restructure its 59 billion U.S. dollars in total debt of 260 billion U.S. dollars, and is working with banks on debt of 26 billion U.S. dollars to engage in constructive negotiations on the reorganization plan. Dubai's debt crisis on China Building Ceramic products in the Middle East, sales impact, some expressed concern about the industry.

According to exhibitors introduced in this exhibition, Iran, India, Kuwait, Saudi Arabia, Dubai, many customers and some customers have come to inquiry, after the exhibition a lot of clients maintained telephone contact and e-mail exchanges, trade negotiations as normal, subject to little effect on Dubai's debt crisis.

(Author Mosaic and Tile, China Leiyuan 12/7/2009)

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