Monday, 21 November 2016

Printing revenues in the MENA region to grow to 7.2% per annum reaching $26 billion by 2018 - Report

As per the Smithers Pira report, the total printing revenues in the MENA region were $17.6 billion in 2012, and is forecast to grow to 7.2% per annum reaching $26 billion by 2018. Various industry analysts have estimated the printing ink industry in Morocco, Senegal and Ethiopia to grow at about 18.7% and 11.4%, respectively.

Experts predict the economic growth of Africa to touch 5% in 2016 from 4.5% in 2015, with the diversification aimed at providing benefits for verticals such as manufacturing and also encourage the adoption of modern technology which includes printing.

“We are eagerly waiting to welcome the trade visitors from Africa to our show as we have a huge turnaround from the Africa region each year. Thousands of visitors from across 78 countries had turned up for the previous edition and the numbers are expected to spiral in 2017 as well. The African economy is poised to hit a new high and set to grow to the next level. As per our research, there is a tremendous demand for state-of-the-art printing equipment in the growing African markets. A focussed approach from the African print industry can consolidate the sector further and take it to greater heights,” stated Mr. Abdul Rahman Falaknaz, Chairman of IEC.

International Expo Consults (IEC) stated that the African printing industry stakeholders stand to reap huge benefits by visiting the (Sign and Graphic Imaging) SGI Dubai 2017 trade show. The event will showcase a plethora of innovative products and services from various exhibitors from across the globe under a unified platform. Every year several trade visitors from Africa benefit from these global innovations in the industry, which they further deploy in their own markets.

IEC is the driving force behind the 19-year old ‘SGI Dubai show’, one of the most awaited exhibitions in the MENA region within the print, signage and imaging industries.

“There is a huge potential in Africa’s printing industry as stakeholders are looking to gradually phase out old equipment to bring in new technology. As per reports cited the economic growth would resist challenges which include plummeting oil prices and uncertain global conditions. Regardless of the economic conditions, increasing competition from digital media, changes in printing processes, and emerging concerns for environmental protection, the printing industry in Africa would grow at a steady pace,” added Mr. Sharif Rahman, CEO of IEC.

Landmark projects within the MENA region are in different stages of construction. This region is the only region in the world that is currently investing billions of dollars in large establishments that includes retail, entertainment and large scale infrastructure. The printing industry will definitely set to benefit from these projects as government initiatives across the region are succeeding in diversification of economies.  This is similar to the infrastructure growth that the some of the African markets are witnessing.

SGI Dubai 2017 will focus on digital signage, textile printing, LED, digital printing, screen printing and retail signage industry sectors. The event is roping in exhibitors and trade visitors across the globe including, Africa, USA, UK, Germany, China and Japan, among others. The industries best kept secrets and trends are set to be unveiled as the 20th edition of the show is touted to receive thousands of visitors from different countries. The SGI Dubai 2017 show would be held at the iconic Dubai World Trade Centre from January 15th to 17th 2017 at the halls 3, 4, 5, 6, 7 and 8.

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