WCA November 2013

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$1 trillion boon
for the GCC
Driven by an astonishing $1 trillion worth of infrastructure
and real estate projects to 2018, the GCC region – Saudi
Arabia, Kuwait, Bahrain, Qatar, the United Arab Emirates,
the Sultanate of Oman, and the Republic of Yemen – is
certainly ending 2013 on a high.
These projects will provide a much-needed chance for
the area’s wire and cable companies – if they rise to the
challenges ahead. Whilst the older companies have faced
stiff competition since the 2008 recession, the
newcomers in the region have taken advantage of the
opportunities on offer.
The competition is a major driving factor in the market, as
outlined in the report by Integer Research on page 8 of
this issue of Wire & Cable ASIA.
The report also goes on to claim that Saudi Arabia, in
particular, will see a consumption growth rate of 5.4 per
cent from now to 2017.
The report has been published prior to the 2 nd Advanced
Cable Asia 2013 Conference being held in Shanghai,
China, at the end of November.
Also in this final issue of the year is news of one UK
company – Metalube – receiving its Queen’s Award for
Enterprise in International Trade. The full story on this can
be found on page 15.
It also seems that Huawei is forging ahead with its vision
for a 5G network. The Chinese telecom equipment
provider currently has 200 technicians working on G5,
which includes increasing Internet speed up to 10Gbit/
second. This can be found in our Telecom News section
on page 38.
US coal exporters could also be
in for an uncomfortable ride after
a fall in demand from China as
the energy sector shifts towards
cleaner-burning operations.
Insights on this can be found in
From the Americas on page 43.
David Bell
Editor
6
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Wire & Cable ASIA – November/December 2013
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