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Foot Wear Expo 2008 targets $1bn GCC market

23
Sep '08
Foot Wear Expo 2008, a definitive event for the footwear industry of the Middle East organized by Orange Fairs and Events, is gearing up for hosting leading industry players from the US $1 billion GCC footwear market during its three day exhibition at Crowne Plaza Hotel in Dubai.

Starting from November 3 and extending till the 5th of the month, the inaugural edition of the event aims at providing global footwear companies with an ideal platform where they can collaborate, expand their networks and make the most of the rapid growth in the market.

Organizers of the expo have revealed that over 100 manufacturers from countries including the US, Australia, Brazil, Turkey, Italy, Indonesia, South Africa, Thailand, India, Greece, Pakistan, Spain, Bangladesh, Egypt, China, Vietnam and UAE, have confirmed their participation at the expo.

A total of 1,500 square meters of space has been taken up to accommodate 3,000 visitors, expected to turn up for the event. The fair promises a display of a range of footwear collection, leather products and accessories varying from low-to-medium and medium-to high priced goods by international exhibitors. The main aim of the expo is to maximize the global footwear market which is expected to exceed US$ 190 billion by 2010.

Research has revealed that the entire footwear market in the GCC is worth more than AED 1 billion a year, with leather footwear accounting for about 30 percent of the market share and the rest belonging to plastic and rubber footwear.

Besides, organizers are also expecting that the expo would help usher in new fashion trends to the region especially since a large number of globally renowned brands are going to participate in the exhibition.

The GCC economy is brimming with buyers having high liquidity of cash and as a consequence the footwear industry in the region is proliferating. This is just the opportunity for participating companies to maximize their business. Booming economic growth and thriving population is precisely what manufacturers look for creating massive levels of demand across the region.


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