Saudi firms to invest $150bn in property
Riyadh, June 19, 2010
Private sector investments for various real estate projects in Saudi Arabia will reach an estimated $150 billion until 2012, said the organisers of an upcoming construction event in Riyadh.
Saudi Build – The PMV Series 2010, the leading international exhibition for construction equipment, plant, machinery and vehicles, will take place from October 18 to 21 at the Riyadh International Convention & Exhibition Centre.
'Saudi Arabia's construction sector has remained buoyant and lucrative, which is why Saudi Build – The PMV Series continues to attract decision-makers and investors from the global construction industry,” said Kamil Al Jawhari, project manager of Saudi Build – The PMV Series at Riyadh Exhibitions Company.
“Being the premier industry event in Saudi Arabia and the rest of the Middle East region, Saudi Build – The PMV Series offers the perfect platform for exhibitors to gain crucial brand exposure and secure business contacts and exciting deals and investment opportunities in Saudi and the Middle East.”
“With Saudi public sector officials, as well as diplomats, and high-power VIPs in attendance, the show will create the kind of atmosphere that will help drive the construction machinery and equipment business forward,” he added.
Heavy construction machinery and equipment will be in high demand to support construction projects initiated by the Saudi Government, which has allocated up to $400 billion in the next five years to build a diverse range of education, healthcare, infrastructure, transport and communications facilities, a statement said.
Saudi Build – The PMV Series 2010 will showcase a premium selection of heavy construction machinery and equipment, including tracked dozers, wheeled dozers, graders and levellers, front end shovel loaders and excavators, which are among the most in demand construction equipment in Saudi Arabia.
International and local trade visitors and hundreds of exhibiting companies from Europe, Africa, Middle East and Asia have already confirmed participation at the event.
Saudi Build – The PMV Series 2010 will be held concurrently with Saudi Build 2010 & Saudi Stone-Tech 2010, the premier business-to-business platform for the Saudi construction and stone market. – TradeArabia News Service