The 26th Saudi industry and machinery equipment exhibition - Li Xin total generation

Saudi Arabia is about to invest $ 500 billion to establish six industrial city, the government focused on subsidies, a huge market waiting for you to explore. Co-sponsored by: China International Trade Promotion Committee branch of the electronic information industry, Ningbo Foreign Trade Bureau, Shandong Provincial Department of Commerce, the Qingdao Municipal Bureau of Commerce, Foreign Trade Enterprises Association of Liaoning Province, Chen Kai International Exhibition Group Sponsor: Hai Kai Chen Exhibition Co., Ltd. Exhibition Dates: Year 2014 December 6 to 9 Venue: Jeddah International Exhibition Center Exhibits: Industrial Machine machinery and equipment, engineering machinery and equipment, food machinery, construction machinery, plastic processing machinery and equipment, metal processing equipment, Jeddah, Saudi Arabia and pipes of introduction: Saudi Arabia, located in southwest Asia, Arabian Peninsula on the east bay, west of the Red Sea, which borders with countries of Jordan, Iraq, Kuwait, UAE, Oman, Yemen, Egypt and so on. Oil reserves and production ranks first in the world, is the main pillar of the Saudi economy. Abundant resource raising this very young country, 70% of the total population 30 years of age and 20 years of age accounted for 46% of the population. Trade, diplomatic capital commercial capital Jeddah in Saudi Arabia and financial center. Has a population of over 3 million, each year also welcomes millions of pilgrims to Mecca via Jeddah believers. Jeddah has built a modern port, industrial zone, central business district, seaside resort, educational zone and residential area. 100 km north of Jeddah, it has built King Abdullah Economic City, the equivalent of China's economic development zones. As the country's second largest city, the largest port, an important financial center, and its very high degree of internationalization, relative to other urban open admission expatriates from around the world, suitable for trade. Economic Situation: World Economic Forum 2013 World Competitiveness Index, in the 144 participating countries, Saudi Arabia ranked 18, China ranked 29th. As the representative of Saudi Arabia's oil-producing countries, it is the world's largest oil exporter, has a quarter of the world's crude oil reserves. 2013 Saudi gross domestic product (GDP) 7453 billion US dollars, up to $ 25,500 per capita GDP, GDP growth rate remained at 4%, is the largest country in the Middle East total economy. It is anticipated that at least for some time oil prices will remain at a high position, which will lay a good foundation and stable growth of the Saudi economy, sustained fiscal surpluses. On the other hand, the Saudi government is committed to diversify the economy, which creates opportunities for Chinese companies. In order to seek diversified economic development in recent years, the Saudi government will adjust the economic structure and reduce dependence on the oil industry into macroeconomic development strategy. Saudi Arabia plans to invest $ 500 billion in the country to build six industrial city to a wide range of development among the world's industrial powers of the forest. Market environment: 1: Middle East end consumer market, strong dependence on imports of Saudi industry as the largest country in the Middle East oil producers, whose spending power amazing, is the Middle East's largest end-consumer market, the Middle East, imports up to 60% in Saudi Arabia end consumer Compared with Europe, America, Southeast Asia and other mature markets to better ensure the profits of exporters, more than 50 percent of Dubai's re-exports to Saudi Arabia. Due to weak local industrial, 95% of products all rely on imports, Saudi Arabia is still not formed a full range of domestic cover of a complete industrial production system, industrial machinery and equipment on the Saudi market is basically still rely on imports. 2: Industrial development is increasing demand for machinery and equipment Saudi Arabia currently has 18 industrial zones, about 7641 factory workers 450,000 people. Meanwhile, in order to encourage enterprises to invest and build factories, the government issued a series of stimulus. According to the "Saudi Gazette" reported that the Saudi government signed a $ 9.5 billion contract to start construction of a new mineral industrial city. At the same time, Saudi mining company also began in this industrial city cost $ 3.7 billion in five new factories. In the next three years, the number of Saudi industrial city construction will reach 40, with a total area of ??more than 160 million square meters. Saudi unprecedented accelerated development continue to create the best resource for a lot of demand, especially machinery, manufacturing equipment, and mechanical systems throughout all areas of the plant. Only in 2013 will be $ 80 billion investment in high-speed construction project basis. And put the budget in this area will increase year by year until 2020, there will be an estimated budget of $ 500 billion investment in infrastructure projects in Saudi Arabia, which is to improve the demand for its growing population and want to meet the living environment. And support to develop its manufacturing sector to replace their government development policies of the oil industry. 3: a wide range of market radiation Saudi special location, open the Saudi market means open market neighboring countries of Iraq, Yemen, Oman, Iran, Egypt, Syria, and Turkey. Since the uniform tariff Gulf countries, by the end of 2010 and all of a unified currency, opened up the Saudi market will also open up a very good market to other Gulf countries. And Jeddah in Saudi Arabia as a business capital, every year receive a large number of traders from neighboring countries, along with Iraq, Syria and other countries facing post-war reconstruction, Saudi Arabia and other neighboring countries are required to purchase a large number of machinery and equipment nearby, cheap Chinese products Wumart, compared to European and American goods more competitive. Saudi Arabia and China trade partnership: Since 1990 the establishment of diplomatic, economic and trade cooperation between the two countries has been rapid development, Saudi Arabia is China's largest oil supplier and the largest trading partner in West Asia, the Chinese government attaches great importance to friendly cooperation with Saudi Arabia, in Sand has established a strategic partnership between the two countries, which provide a good "approach climate" for Chinese enterprises to Saudi Arabia. In recent years, the development of the Saudi economy to diversify foreign cooperation, and China hopes to strengthen cooperation, and welcomes Chinese enterprises to Saudi development, which for Chinese enterprises "going out" to provide a historic opportunity. The main areas of diversification of the Saudi economy, including many aspects of mining, light industry, and this is our strength. China ranks first in Saudi Arabia in 2011 foreign trade partner, with total bilateral trade reached $ 64.4 billion, Saudi Arabia has become China's largest trading partner in the Middle East, Saudi Arabia has become China's largest export destination and second largest source of imports? 2013 Saudi Arabia bilateral trade amounted to $ 84.4 billion, an increase of 14 percent, a new record high. China continues to remain the world's largest trading partner in Saudi. Saudi Arabia is expected to trade in 2015 is expected to exceed $ 100 billion.