THE annual Jeddah International Trade Fair held at the Jeddah Center for Forums on Nov. 20-23 brings together a multitude of products and services from major international suppliers comprising of national pavilions from China, Morocco, Egypt and Indonesia and individual companies from UAE, India and Saudi Arabia bringing together a wide range of multi-sector products, clothing, fashion wear, textiles, leather goods, home décor accessories, appliances, information technology and many more.
Jeddah International Trade Fair 2017 is a 4-day event organized by Al-Harithy Company for Exhibitions at the Jeddah Centre for Forums & Events in Jeddah. This event provides opportunities to Saudi companies to have agencies, distributorship and dealerships and joint venture arrangements with their international counterparts.
“ACE is proud to host the Jeddah International Trade Fair for the 29th year. It is the only multi-sectoral event that is organized in the Kingdom allowing countries from around the world to display a wide array of products and service,” said Hadi Al-Harith, CEO ACE Exhibitions.
More than 100 top Chinese companies with high quality and competitive prices will attend JITF bringing more than 500 different products. The main products includes of building material, textiles, food, electrical, auto parts, machinery and consumer goods.
Indonesia comprises of 15 displaying various commodities /business lines from these companies such as Furniture, wood craft, coal briquettes, fashion, herbal, organic sugar, vitamin drink, oud and essential oils.
In 2016, Indonesian exhibitors at JITF marked potential transactions with long term contract reaching $3 million. The target for this year’s participation for potential buyers is to increase 10% in transaction value.
Jeddah International Trade Fair benefits Indonesia in effort to promote and increase Indonesian non oil and gas commodities, also strengthen bilateral trading ties between Saudi Arabia and Indonesia.
The Egyptian pavilion is participating representing The Arab Republic of Egypt with 14 companies in addition to Egypt Expo & Convention Authority (EECA)
The display structure includes cookers, heaters, washing machines, coolers, display refrigerators, food distribution, cold and hot systems, solar systems (outdoor lamps), fans, microwave ovens, LED lamps, TV sets, vacuum cleaners, water filters, electric ovens, vacuum cleaners, various electrical appliances, detergents, pesticides, Paints, derivatives, fabrics, furnishings, embroideries, bedspreads and goldsmiths. As well as various kinds of children toys, chairs and prayer carpets, dairy products, cheese and cheese derivatives.
The first ever participation by Morocco is supervised by Moroccan Center for Export Promotion.
19 Moroccan companies and contractors will be present at this Fair, representing various production sectors: textiles, leather, home textiles, cosmetics, electricity, renewable energies, in addition to industrial and engineering works.
These companies will have access to be cognizant of investment and marketing opportunities in Saudi Arabia and other Gulf countries noting that Saudi Arabia is a promising consumer market based on a population of 31 million individuals with an annual growth rate of more than 4%.
The most vital opportunities in Saudi Arabia are concentrated in the export sector, mainly in cosmetics, luxury goods, pharmaceuticals and textiles, as well as air navigation, and oil industry equipment sectors.
Therefore, the Moroccan offer in these sectors has all the qualifications and opportunities in order to access this market and in order to pinpoint to the quality of the products bearing the label "Made in Morocco"
It is noteworthy that Moroccan Center for Export Promotion organizes many events to enhance the presence and spread of Moroccan exports in the Arabian Gulf region by supporting Moroccan companies in trade fairs, holding meetings between Moroccan companies and their counterparts in the region, as well as participating in multi sector fairs.
Smooth sailing on Foreign Direct Investment The Saudi Authority for Accredited Valuers , Taqeem, created a licensing system for real estate valuations, simulating foreign investment in both the housing and building sectors. Rules on real state investment trust fund listings have been approved by the Saudi Capital Markets Authority.
Spending on hotels and catering will be the fastest-growing category in 2015-2030.
Risking rents, population growth; and regulatory support for the mortgage market will make housing the second fastest-growing category during this period.
CDSI data for 2013 shows that the textiles and apparel industries employ 15,000 to 13,000 people respectively. The textiles industry is worth SR5.9 billion ($1.6 billion).
Consumer appliances is expected to continue to see growth over the forecast period in both retail volume terms and in value terms at constant 2016 prices. In addition, the number of electronics and appliance specialist retailers rose by 18% in the review period consumer electronics was recorded at SR26,765.1 million in 2016.
Possessing its repute as the only platform for countries to display their industrial potential, the Jeddah International Trade Fair remains the largest host to exhibits that result in innumerable opportunities for Saudi businessmen to source the various global products in order to make them available to the end-user.