IPS Inter Press Service
 
   Inter Press Service News Agency
   
 - Homepage
 - Global Affairs
 - Africa
 - Asia-Pacific
     Afghanistan
     Nepal
     Tsunami
 - Caribbean
      Haiti
 - Europe
      EU Expansion
 - Latin America
 - Mideast &
   Mediterranean
      Iraq
      Israel/Palestine
 - North America
      Neo-Cons
      Bush at War
 
 - Development
      MDGs
      City Voices
      Microcredit
      Corruption
 - Civil Society
 - Globalisation
 - Environment
      Climate Change
      Tierramérica
 - Human Rights
 - Health
      HIV/AIDS
 - Indigenous Peoples
 - Labour
      Decent Work
 - Population
      Reproductive Rights
      Migration&Refugees
 - Arts & Entertainment
 - Columns
 - In Focus
 
 
   ENGLISH
   ESPAÑOL
   FRANÇAIS
   SVENSKA
   ITALIANO
   SWAHILI
   NEDERLANDS
   ARABIC
   SUOMI
   PORTUGUÊS
   JAPANESE

PALESTINE-INDUSTRY:
Stone and marble industry expands in Middle East market
Att.Editors: The following item is by the United Arab Emirates news agency(WAM)

ABU DHABI, Nov. 29 (WAM) - PalTrade, the Palestine Trade Center, in cooperation with the Union of Stone and Marble, is organizing the Palestinian participation at the Big 5, 2003, the Middle East's largest building and construction industry exhibition, to be held from November 29 to December 3, at the United Arab Emirates (UAE) Dubai World Trade Center.

The participation is part of Palestine's plan to boost its presence in the international stone and marble market. Six Palestinian companies are in Dubai for the show: Nasser Investment Company, Al-Naba' Al-Jadidah Company, Al Nakheel Company for Stone and Marble, Al-Saheb for Stone and Marble, Al-Somoud Company and Ammar Diamond Corporation, a press release issued today said.

According to Stone Statistics, Palestine contributed approximately 1.8 % of the world stone and marble market in 2002. Palestine Union of Stone and Marble Industry has estimated that the country's annual production of finished stone and marble is 19 million square meters, which is equivalent to 1.8 million tons. Industry experts further estimate annual sales revenues of around US$ 450 million.

Nassar Nassar, Chairman of PalTrade stated, "Big 5 is the premier forum for the building and construction industry and an ideal opportunity for us to showcase Palestine's leading stone and marble companies. Participating in the exhibition will open doors to new international markets and boost the volume of Palestinian stone and marble exports to the Arab markets. We plan to exhibit a range of products to meet the needs of customers in the Arab world. Each product benefits from the latest technological innovations and meets stringent quality criteria, giving us a powerful competitive edge over other suppliers.

"The exhibition also gives us an opportunity to forge strategic partnerships and close important deals so we can leverage our efforts to boost the presence of the Palestinian stone and marble industry in the international market.

"The stone and marble industry is one of the strongest and oldest industries in Palestine, ranking 12th in volume of production worldwide, which is remarkable considering our small geographical area. The industry contributes 4% of the Palestinian Gross National Product (GNP) and 5% of the Gross Domestic Product (GDP). Palestinian skilled labor in the stone and marble industry, employing some 15,000 workers, has a centuries-old heritage of high-quality craftsmanship," added Nassar.

The Palestinian Union of Stone and Marble Industry has estimated that the total annual sales per employee in Palestine's stone and marble industry is US$ 30,000, which is five times the average employee productivity level across all other industries in Palestine.

Sayel Al Joundi, the President of the Union of Stone and Marble Industry stated, "Participating in the Big 5 is an important step in promoting the stone and marble industry outside the boundaries of Palestine. Our role is to support the stone and marble industry by helping promising Palestinian companies transact in external markets, especially within the Middle East.

"We aim to enhance the regional presence of these companies by providing guidance on best business practices and innovative use of technology in order to compete on a regional and international level".

Palestine has a rich, natural reserve of colorful, multi-purpose, soft and hard limestone. Some 260 stone quarries situated across the West Bank extract Palestinian stone as raw blocks for processing into finished stone and marble products. Different sizes, textures and colors of stone are processed for the construction industry, design and architecture. (WAM)

.(END/2003)

 

 
 Latest News From WAM
 UAE: A Happier Working Class, Says Local Paper
 UAE: Military Team Sets Up Camp as They Prepare to Climb Everest
 UAE: 20% Pension Increase for Non-Affiliated Local Civilian Retirees in Dubai
 UAE: Gender Balance Council to Oversee Implementation of ‘Gender Inequality Index’
 UAE: 10,000 Workers Observe International Workers\' Day in 7 Locations in Abu Dhabi
 UAE: Development in All Emirates Will Boost Economy, Says Local Paper
 UAE: Japan Supplied with More than 29 Million Barrels of Crude Oil in March 2016
 UAE: EU Praises Emirati Drive for Renewable Energy
 UAE: Builders Must Use Safe Materials, Says Local Daily
 UAE: ERC Builds Housing City for Cyclone-Hit Population in Socotra
MORE >>
 Ultimas Noticias en WAM
 EMIRATOS: Grupo militar se prepara para escalar el Everest
 TRABAJO: Emiratos busca mejorar condiciones laborales
 EMIRATOS: Fundación Mohammed Bin Rashid Al Maktoum fortalece el papel del conocimiento
 YEMEN: Liberación de Mukalla, un mensaje contundente para promotores del terrorismo
 EMIRATOS: Delegación comercial de Dubai viaja a Sudáfrica y Mozambique
 ENERGÍA: Emiratos celebra 10 años de Masdar
 EMIRATOS: Dubai, capital de la creatividad árabe 2016-2017
 YEMEN: Media Luna Roja de Emiratos apoya al sector educativo
 EMIRATOS: Autoridad de Salud de Dubai presenta iniciativas de turismo médico
 PETRÓLEO: Emiratos tiene capacidad de resistir fluctuaciones del mercado
Ver más >>
 Swahili News From WAM
  Uhusiano Dhaifu Kati ya Kuzuia VVU Barani Afrika na Matumizi ya Njia za Uzazi wa Mpango
  Jitihada za Mwanamke Kutafuta Njia Sahihi za Uzazi wa Mpango
  Nini Muhimu Zaidi, Vita juu ya UKIMWI au Vita tu?
  Kusaidia Wanawake Wajawazito Nchini Uganda Kuepuka Mimba Zisizotarajiwa
  Kusaidia Wanawake Wajawazito Nchini Uganda Kuepuka Mimba Zisizotarajiwa
MORE >>