It is reported that Indonesian timber merchants plan to make Dubai a hub for the United Arab Emirates to expand the Middle East market.
APHI-FKMPI held meetings with the FAKIH Group of Companies in Dubai, Kandela Country and the Indonesian Promotion Centre (ITPC) Dubai.
Dubai is the center of the Middle East, and even the global market, with huge export opportunities," said Indroyono Soesilo, Head of the Communication Forum of the Indonesian Forest Association and Head of the Indonesian Forest Business Association (APHI), in a statement on December 16, 2023.
It has also been reported that Fakih Group, one of Dubai's largest companies, will need a lot of plywood, molded timber and furniture because it will build 50 hotels and apartments in the United Arab Emirates and 40 hotels and apartments in Jeddah, Saudi Arabia.
With the growth of Indonesia's timber exports and the increase in production in the wood processing industry, Indonesia's timber exports reached a record high of 144 in 2022300 million US dollars, and the export record in the first 10 months of this year, has also reached 111$200 million.
In this regard, Indroyono Soesilo, head of the Indonesian Forest Business Association (APHI), said that he hopes to continue to promote the export performance of Indonesian timber products in cooperation with Fakih Group.
As the Middle East market gradually shows its huge potential, in fact, in addition to Indonesia, Russia and others also want to increase their timber with the Middle East**. Especially with the European market closed to it, the Middle East is expected to become another major market in addition to the Chinese market this year. However, due to the geopolitical influence of the Middle East, the demand for timber in the Middle East market has temporarily slowed down.