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DIEC gears up for consumer goods expo
DUBAI - The curtains will open on the region's leading consumer trade goods exhibition - the International Autumn Trade Fair 2004 (IATF04) - on January 10 at the Dubai International Exhibition Centre (DIEC), with larger participation this year, acknowledging the upsurge in regional trade as AGCC countries continue to focus on diversifying their economies giving more thrust to trade, manufacturing and services.
The 18th edition of the annual five-day IATF04, which will run till January 14 2004, comes at a time when non-oil growth in regional economies is on an upswing and scope for more intra-regional trade within the AGCC as well as among Arab countries is on the rise.
Satish Khanna, general manager of Al Fajer Information and Services, organisers of the show, said: "Trading has always been a very strong lifeline economic sector in AGCC countries. It continues to contribute a significant share to the GDP of these countries. "For instance in the UAE, revenues from the non-oil sector grew in 2002 to Dh188.5 billion compared to Dh179.2 billion in the previous year, accounting for 72.4 per cent of the GDP compared to 70.5 per cent in 2001," he said.
He said other AGCC countries also posted significant growth in their non-oil sector and this also meant that the economic diversification drive in these economies has helped boost the trading sector. IATF04, in which over 525 exhibitors have confirmed participation, will see a turnout of more than 5,000 overseas trade delegations (exhibitors and visitors).
"Such a large turnout of overseas trade delegations will definitely give a shot in the arm of the local economy, particularly the hospitality and local transport sector," Mr Khanna said, adding that trade visitor turnout for the show is expected to cross 15,000 this year compared to last year's 14,496.
IATF04 will run over a 10,000 square metre area in Exhibition Hall 1 and 2 at the Dubai International Exhibition Centre (DIEC) with 10 per cent increase in exhibitor turnout compared to last year.
The five-day consumer trade goods fair will only be open to trade visitors with the exception on the evening of the fifth day when general public will be allowed entry into the fair.
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