First 'Cairo WoodShow' to showcase stability of Egypt's wood and wood working machinery segment

The Egyptian wood working sector, which was affected by the turmoil that occurred earlier this year, is now confident that the country's move towards economic recovery will help usher in more opportunities, according to Strategic Marketing and Exhibitions (SME), one of the leading exhibition and conference organizers in the United Arab Emirates.

The Egyptian government has implemented key programs and initiatives aimed at positioning the country as an attractive investment destination in the next five years. Eyeing to render strong support to these government sponsored initiatives, SME will be organizing the first ever 'Cairo International Wood & Wood Machinery Show' (Cairo WoodShow), which will be held from October 9 to October 12, 2011 at the Cairo International Convention Centre (CICC).

The country has maintained its leading position in the Middle East and African (MEA) region's wood market, which is expected to post over $5bn in the domestic wood production segment by the end of this year. Likewise, Egypt was also able to key in more than $3bn in furniture production and $1bn in furniture exports already this year. The vibrancy demonstrated in these segments, particularly in furniture and wood products, has also shown that the country has been importing 100 per cent of wood panels, machines and tools. To date, Egypt has been dubbed as one of the most promising markets in construction for the MEA region with a yearly spend of $7.3bn. Aiming to spark in more growth for the country's wood sector, 'Cairo WoodShow' is being presented as a key venue to showcase the stability of Egypt's wood and wood working machinery segment and bring in more growth by acting as a strategic trading platform for Egypt and nearby countries.