The largest gathering of maritime and shipping industry professionals in the Middle East, Seatrade Maritime Middle East (SMME), will take place in Dubai from October 31 to November 2 at the Dubai World Trade Centre. The 8th edition of the biennial event will be held under the patronage of His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai at the Dubai International Convention and Exhibition Centre, the heart of the DWTC complex. The three-day event comprises a conference, an exhibition, networking opportunities and much more.
The summit is scheduled to commence with an economic forum session addressing issues such as the present challenges and prospects for the industry considering future oil price forecasts, the state of the Middle East economy, and the effect of the Chinese trade slowdown on the region’s maritime sector. The flagship event of the marine industry is expected to attract over 7,000 attendees from 69 countries, including more than 240 exhibitors. Attendees will have an opportunity to use this platform to do business with owners, managers, operators, superintendents, charterers, senior management, and any professionals involved with the procurements of equipment and services within the maritime, offshore, oil and gas and ports sectors.
According to FocusEconomics’s recent study, the MENA region growth will be affected by weak global growth and geopolitical risks, with oil-driven economies most impacted in light of the unstable oil price scenario, with regional consolidation also preventing short-term growth. The online forecast awaits inflation at 4.6 percent in 2016, growing to 4.9 percent in 2017.