Dubai to Host New Gifts and Home Products China Sourcing Fair; First Global Sources Trade Show in Middle East
25 April 2006
Global Sources (Nasdaq: GSOL) will hold its new China Sourcing Fair: Gifts & Home Products in Dubai, United Arab Emirates, June 11-13, 2007 at the Dubai World Trade Centre. The sourcing trade show will help China's suppliers sell direct to buyers in the world's third-largest re-export hub.
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Chairman and CEO of Global Sources, Merle A. Hinrichs, said: ''China is Dubai's number-one trade partner, with Dubai importing more than US$12 billion worth of goods from China in the past five years.
''Our export customers know that Dubai is the gateway to the Middle East, North Africa and India. Suppliers will be able to sell direct to re-export traders, importers, wholesalers and retailers in the center of the dynamic trade hub. Dubai is the perfect next step for the China Sourcing Fairs, following their great success in Hong Kong.''
Director-Asia Pacific Region from Dubai Development and Investment Authority, Arif Mubarak, said: ''The U.A.E.'s seven emirates have a combined GDP of US$67.7 billion. Dubai alone accounts for over US$30 billion and boasts an open economy free of exchange controls, quotas and trade barriers.
''The economy is booming: Non-oil foreign trade increased by 40 percent from 2003 to 2004. Over the next five years, the Department of Commerce expects more than US$100 billion to be spent on home, retail shopping malls and tourism projects, including hotels and a new airport.
''We see the China Sourcing Fair: Gifts & Home Products as a great way to help meet this demand. It will also grow trade and strengthen relationships between Dubai and China.''
The China Sourcing Fair will be held in June, outside of Asia's busy April and October buying seasons. This will allow suppliers to meet international buyers coming to the Fairs in Hong Kong, and then meet new buyers in Dubai.
Product scope ranges from gifts, premiums and toys to kitchen, household and consumer electronics. A special Baby & Children's Products pavilion will allow manufacturers to supply the Middle East baby boom, where birth rates range from 18 percent to 43 percent -- double and triple that of many Western nations.
Speaking at yesterday's signing ceremony at AsiaWorld-Expo, Christina Anthony, General Manager-Commercial of Dubai World Trade Centre (DWTC), said: ''We see interest growing in Dubai for specialized sourcing shows such as the China Sourcing Fair. We're delighted to help bring this professional show to the DWTC -- the leading exhibition venue in the Middle East.
''The DWTC is 15 minutes from the Airport -- which is projected to cater to 60 million passengers next year -- making the venue easily accessible within a few hours to major economies throughout the region.''
Global Sources is offering suppliers a special China Sourcing Fair exhibition package that includes booths space, marketing, travel and entertainment.
The China Sourcing Fairs ( http://www.chinasourcingfair.com ) are a key part of Global Sources' sourcing and product information services, which include Global Sources trade magazines, Global Sources Online ( http://www.globalsources.com ) and Global Sources Direct ( http://www.globalsourcesdirect.com ). Further information about Global Sources is available at http://www.corporate.globalsources.com .
Details on the Dubai China Sourcing Fair: Gifts & Home Products are available at http://www.chinasourcingfair.com/dgab .
About Global Sources
Global Sources is a leading business-to-business (B2B) media company and a primary facilitator of two-way trade with Greater China. It provides sourcing information to volume buyers and integrated marketing services to suppliers.
The company helps its community of more than 479,000 active buyers to source more profitably from complex, overseas supply markets. With the goal of providing as many effective ways as possible to advertise, market and sell, Global Sources enables suppliers to sell to hard-to-reach buyers in 230 countries.
The company offers the most extensive range of media and export marketing services in the industries it serves. Suppliers using its four primary channels -- online marketplaces, magazines, trade shows and direct online sales -- are supported by its advertising creative, education programs and online content management applications.
Global Sources delivers information on 1.4 million products and more than 130,000 suppliers annually through 10 leading online marketplaces and monthly magazines, more than 100 sourcing research reports, and 14 China Sourcing Fairs and other trade shows. Buyers send more than 5.8 million inquiries annually to suppliers through Global Sources Online ( http://www.globalsources.com ) alone. Global Sources Direct is the company's new initiative that helps suppliers sell online.
In mainland China, Global Sources has a 25-year track record and 1,400 team members in 44 locations. Its services are backed by 35 years experience as a trade magazine publisher, 14 years as an organizer of trade shows, and 10 years as an online marketplace operator.
Global Sources Press Contact in Asia:
Camellia So
Tel: +852-2555-5023
Email: cso@globalsources.com
Global Sources Investor Contact in Asia:
Eddie Heng
Tel: +65-6547-2850
Email: eheng@globalsources.com
Global Sources Press Contact in U.S.:
James W.W. Strachan
Tel: +1-602-978-7504
Email: strachan@globalsources.com
Global Sources Investor Contact in U.S.:
Kirsten Chapman & Moriah Shilton
Lippert/Heilshorn & Associates, Inc.
Tel: +1-415-433-3777
Email: kirsten@lhai-sf.com
Source: prnewswire
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