AEC Online
Printable version Bookmark this page Notify a colleague or friend about this page Bookmark and Share

Saudi market for construction machinery to increase over 30%

 
  Other News
  Subscribe to newsletter  
4 Dec 2012

Estimated at US$ 1.6 billion, the Saudi Arabian construction market is expected to grow at a rate of 32-35 per cent year-on-year until 2015, according to a report by Zawya, commissioned by The Big 5 Saudi.

Held under the patronage of the Mayor of Jeddah, Dr Hani Mohammed Aburas, The Big 5 Saudi has seen unprecedented success and has increased in size as a result with an additional purpose built hall and outdoor area, since its launch in February 2011.

The Saudi construction market is likely to continue to increase in size as the country plans to invest US$ 806 billion in upcoming projects, planned until 2030. Additionally, the market is currently witnessing a shift in dominance from two of largest construction companies, Saudi Bin Laden and Saudi Oger, due to an increasing number of joint ventures between regional and international players who have partnered with Saudi contractors, to facilitate business in the country.

Saudi market for construction machinery to increase over 30%

Andy White, event director of The Big 5 Saudi, said: “The evolution of The Big 5 Saudi seems to be a reflection of the changes and growth within the Saudi construction market. Growth in demand year-on-year is clearly illustrated in the establishment of a purpose built hall as well as an outdoor area to accommodate heightened interest.

“Education elements of the event have also been popular, and we will again host a number of workshops that will aim to encourage sustainability and environmentally conscious construction and building maintenance habits. It is important for the industry to understand, not only how to construct the buildings, but how to maintain them in a sustainable way.”

Taking place at Jeddah Centre for Forums and Events from 9 – 12 March 2013, with the support of the Jeddah Chamber of Commerce and Industry and the Jeddah Municipality, the event is set to host more than 550 exhibitors, from 35 countries.

New features for this year include the PMV Zone and Facilities Management Zone, dedicated areas for companies working in these sectors, there will also be an outdoor demonstration area for heavy construction technology, and the accredited education workshops, with globally renowned company bodies talking on topics including LEED regulation, Concrete Repair and Facilities Management.

In addition, the Platinum Club will be introduced to the event this year, hosting Saudi based buyers with spending power of more than US$100 million. The Club will provide participants with direct access to key suppliers as well as business facilities for meetings and networking.

White concluded: “We want to create a platform for the industry that provides access to a growing Saudi market and reflects the country’s vision now and for the upcoming years. Support for The Big 5 Saudi over the past two years, together with the event being recognised as the Best Trade Event at the Middle East Event Awards in its first year, has given us a very stable and promising foundation from which the event will continue to develop.”



Skyscraper Banners