ID :
173118
Tue, 04/05/2011 - 09:10
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https://oananews.org//node/173118
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Arab Steel Summit 2011 Urges Joint Arab Projects
Doha , April 04 (QNA) - Arab Steel Summit Conference 2011 was opened here on Monday associated with the iron and steel international exhibition which are to run for three days. The conference and the associated exhibtion are co-organized by Arab Iron and Steel Union (AISU) and Qatar Steel Company.
Member of Boards of Directors and General Manager of Qatar Steel Ali Bin Hassan Al Mreikhi said in his opening address he delivered on bahalf of HE the Minister of Industry and Energy Dr.Mohamed Bin Saleh Al Sada , that joint Arab projects and using advanced technology are the way to the Arab steel industry's success. He added that they are also the way for competing in the international market and achieving self-sufficiency in that field.
The General Manager expressed his optimism regarding a new beginning for the Arab steel industry, citing the revival from the global economic crisis and Qatar's economic model as a reason for that optimism.
Al Mreikhi highlighted the role played in developing the national economy and its sectors, noting however that Qatar considers the steel economy as a strategic industry for economic and social development.
He called on Arab countries to use their riches and potentials to develop the steel industry. He said that Qatar Steel occupies a prominent position aiding economic growth in Qatar as part of the country's strategic plan to diversify its economy and investments.
Member of Boards of Directors and General Manager of Qatar Steel further said that Qatar Steel has been working for 33 years on reinforcing its place in the regional and global market. He voiced hopes that the Arab Steel Summit Conference 2011 will serve as a kick start for the steel industry in the region.
Touching on the unprecedented growth qatar has witnessed , Al Mreikhi said qatar has scored the highest economic growth worldwide according to the world monetary fund (WMF) reports . Such a growth was associated with the openness on the world markets and the improvement of the investment atmosphere, he said highlighting meantime the investment volume Qatar is expected to expend in the next ten years to reach US DLRS. 170 billion , the matter which would make of Qatar a centre for growth and investment in the region and the world at large.
Elaborating he said that Qatar has applied a promising reform and development programme and issued several key legislations with a view to building a free and miscellaneous economy capable of incorporating into the global economy . Qatar , he went on to say has pursued a balanced investment policy between all economic sectors.
For his part, Secretary General of the Arab Iron and Steel Union Mohammed Eid Al Ashqar said while addressing the opening ceremony that the Arab world's steel industry occupies the third place globally behind China and India in terms of growth. He added that the industry is set to witness a set annual growth of 7% in the coming years.
He added that production of crude steel exceeded 19 tons, an 18% increase compared to production in 2009. The Secretary General believed that the production of crude oil will reach 20 million tons this year, increasing to 25 million tons by 2014.
Elaborating Al Ashqar further said that the demand for steel is ever-increasing due to the large number of infrastructural and housing projects, he said that studies showed that demand is set to reach 70 million tons by 2015. The rate of increase in demand is going much faster than the rate of increase of supply of steel, he told the audience adding that this is what forces Arab countries working on gigantic construction projects to import steel particularly from North Africa. He pointed out that the gap between supply and demand is decreasing in the GCC.
The Arab Steel summit will discuss strategic topics such as reinforcing steel production as well as technical matters such as accurate control of heat to produce high quality steel .
Al Ashqar added that the Arab World contributes only 1.7% of the world production of steel, which is a small figure according the Secretary-General. He went on to say that the percentage is expected to increase by 0.3% to become 2% of world production in 2014. He concludes that these figures reflect the Arab World's need for further investments in the steel industry sector.
Al Ashqar highlighted Qatar's decision to develop heavy industries especially in the steel industry, he added that the increase in price of oil in addition to the country's wealth of LNG enabled them to invest in grande projects related to steel and cement among other industries.
Regarding Qatar Steel, he said that it is one of the most vibrant corporations in Arab Steel and highlighted the role the company plays in the formulation of programmes adopted by the AISU .
Member of Boards of Directors and General Manager of Qatar Steel Ali Bin Hassan Al Mreikhi said in his opening address he delivered on bahalf of HE the Minister of Industry and Energy Dr.Mohamed Bin Saleh Al Sada , that joint Arab projects and using advanced technology are the way to the Arab steel industry's success. He added that they are also the way for competing in the international market and achieving self-sufficiency in that field.
The General Manager expressed his optimism regarding a new beginning for the Arab steel industry, citing the revival from the global economic crisis and Qatar's economic model as a reason for that optimism.
Al Mreikhi highlighted the role played in developing the national economy and its sectors, noting however that Qatar considers the steel economy as a strategic industry for economic and social development.
He called on Arab countries to use their riches and potentials to develop the steel industry. He said that Qatar Steel occupies a prominent position aiding economic growth in Qatar as part of the country's strategic plan to diversify its economy and investments.
Member of Boards of Directors and General Manager of Qatar Steel further said that Qatar Steel has been working for 33 years on reinforcing its place in the regional and global market. He voiced hopes that the Arab Steel Summit Conference 2011 will serve as a kick start for the steel industry in the region.
Touching on the unprecedented growth qatar has witnessed , Al Mreikhi said qatar has scored the highest economic growth worldwide according to the world monetary fund (WMF) reports . Such a growth was associated with the openness on the world markets and the improvement of the investment atmosphere, he said highlighting meantime the investment volume Qatar is expected to expend in the next ten years to reach US DLRS. 170 billion , the matter which would make of Qatar a centre for growth and investment in the region and the world at large.
Elaborating he said that Qatar has applied a promising reform and development programme and issued several key legislations with a view to building a free and miscellaneous economy capable of incorporating into the global economy . Qatar , he went on to say has pursued a balanced investment policy between all economic sectors.
For his part, Secretary General of the Arab Iron and Steel Union Mohammed Eid Al Ashqar said while addressing the opening ceremony that the Arab world's steel industry occupies the third place globally behind China and India in terms of growth. He added that the industry is set to witness a set annual growth of 7% in the coming years.
He added that production of crude steel exceeded 19 tons, an 18% increase compared to production in 2009. The Secretary General believed that the production of crude oil will reach 20 million tons this year, increasing to 25 million tons by 2014.
Elaborating Al Ashqar further said that the demand for steel is ever-increasing due to the large number of infrastructural and housing projects, he said that studies showed that demand is set to reach 70 million tons by 2015. The rate of increase in demand is going much faster than the rate of increase of supply of steel, he told the audience adding that this is what forces Arab countries working on gigantic construction projects to import steel particularly from North Africa. He pointed out that the gap between supply and demand is decreasing in the GCC.
The Arab Steel summit will discuss strategic topics such as reinforcing steel production as well as technical matters such as accurate control of heat to produce high quality steel .
Al Ashqar added that the Arab World contributes only 1.7% of the world production of steel, which is a small figure according the Secretary-General. He went on to say that the percentage is expected to increase by 0.3% to become 2% of world production in 2014. He concludes that these figures reflect the Arab World's need for further investments in the steel industry sector.
Al Ashqar highlighted Qatar's decision to develop heavy industries especially in the steel industry, he added that the increase in price of oil in addition to the country's wealth of LNG enabled them to invest in grande projects related to steel and cement among other industries.
Regarding Qatar Steel, he said that it is one of the most vibrant corporations in Arab Steel and highlighted the role the company plays in the formulation of programmes adopted by the AISU .
