Massive construction projects abound particularly around social & transport infrastructure
Riyadh, October 19, 2015: The Kingdom of Saudi Arabia’s (KSA) construction industry is expected to continue its growth for the next few years, fuelled by massive construction projects, particularly around social and transport infrastructure that offer multi-billion-Saudi Riyals opportunities to contractors and investors. The local market is set to witness a pick-up in project activity supported by increasing private and public investments, boosting the projects’ numbers and values. Currently, the KSA’s general real estate sector is valued at SAR 2250 billion, while infrastructure amounts to SAR 1312.25 billion and on-going projects represent 82.4 per cent of total construction activity, showing the continuous development and growth.
Hailed as the largest business-to-business construction fair in the Kingdom, Saudi Build plays a leading role in the transfer of technology between the KSA and its trading partners. Throughout its 27-year history, the exhibition has provided a dedicated avenue for tens of thousands of leading manufacturers and exporters from all over the world and hundreds of thousands of importers and industry professionals from across the region. It has facilitated the leveraging of numerous opportunities in the KSA’s construction market, proving to be the focal point for its growing and diverse construction market.
Under the patronage of H.E. Eng. Abdullatif Bin Abdulmalik Al AlShaikh, Minister of Municipal and Rural Affairs, KSA, Saudi Build 2015 – the 27 th International Construction Technology and Building Materials Exhibition will be held from Muharram 13th to 16th 1437 Hijri which coincides from October 26th to 29th, 2015 at the Riyadh International Convention and Exhibition Centre (RICEC). It aims to attract companies from around the globe, offering a comprehensive set of solutions covering all aspects of the construction industry.
Approved by UFI, the Global Association of the Exhibition Industry, Saudi Build 2015 will be held concurrently with Saudi Stone-Tech 2015 – the 18 th International Stone and Stone Technology Exhibition, and the Saudi Build PMV Series – the 16th International Exhibition for Construction Equipment, Plant, Machinery and Vehicles. The event will provide contractors, real estate developers and building owners with a full range of building solutions.
Corporate Comm India(CCI Newswire)
