Egypt is the ‘Country of Honor’ for this year’s edition of Dubai Woodshow 2022
Dubai, UAE: Egypt’s rapidly thriving wood market is remarkably growing continuously–at a recorded Compounded Annual Growth Rate (CAGR) of five per cent. To date, the country’s wood market is now estimated to be worth over USD 34.5 billion, growing exponentially from USD 28.3 billion in 2015. The country’s positive outlook and strong standing across the global wood market has earned it the right to be named as this year’s ‘Country of Honor’ for the 2022 edition of Dubai Woodshow, the leading global wood and machinery trade show, which is set to take place from March 15 to March 17, 2022, at the Dubai International Convention & Exhibition Centre (DICEC).
According to the show’s organizers, Egypt’s excellent standing in the world’s wood market can be attributed in part to the presence of over 35,000 furniture production facilities and workshops; making it the country’s 3rd largest industrial sector in terms of establishments and employment. All in all, Egypt’s flourishing wood market accounts for 13 per cent of the total industrial employment.
Walid Farghal, Managing Director, Strategic Conference, and Exhibition, said, “Over the years, Egypt has managed to demonstrate excellent growth markers–continuously improving its market size at a CAGR of five per cent. The country is powered by the presence of many projects and services, including the growth of its wood working segment as well. The country’s great standing has prompted us to name Egypt as our ‘Country of Honor’ for this year’s Dubai Woodshow.”
Farghal added that a large number of Egyptian wood companies have already confirmed their participation at this year’s show and have expressed their eagerness to tap into newer markets and forge new partnerships. Egyptian companies coming to Dubai Woodshow 2022 include Al Ahram Security, CWWFI, EFEC, Egypt Panel, El-Mohandes, Good Wood, IMC, KEFAC, Modecor, Simplex and SMD among others.
Dubai Woodshow 2022 has added new additions to the event, including the 1st Innovations and Excellence Awards for the Wood and Woodworking Industry, a B2B Matchmaking Program, and a Hosted Buyer Program. These new initiatives have been designed to provide a new experience for both exhibitors and attendees, paving the way for a more accessible and efficient way to network and share industry knowledge.
“Dubai Woodshow lives up to its commitment of acting as a strategic platform for buyers and sellers to connect and create key partnerships that will result in long and strong business relationships. During the show’s exciting three-day run, the show is expected to attract around 8,000 visitors,” concluded Farghal.
