Saudi heavy equipment market worth over $246m
Riyadh, October 6, 2012
Saudi Arabia remains one of the key heavy equipment rental markets in the Middle East with annual revenues exceeding $246 million, said an expert ahead of a major industry event.
Being the Middle East’s largest building and construction market with an average annual growth of 7.5 per cent, Saudi is expected to continue to generate lucrative business opportunities for the construction equipment sector, remarked Ziyad Al-Rukban, the assistant general manager at Riyadh Exhibitions Company, the organisers of Saudi PMV 2012, the international exhibition for construction equipment, plant, machinery & vehicles to be held in Riyadh.
Saudi PMV 2012 will again serve as a consolidating platform for Saudi's heavy equipment rental market, bringing together key buyers, contractors and entrepreneurs with leading manufacturers, producers and distributors.
Saudi PMV will be held concurrently with Saudi Build 2012, the 24th International Construction Technology and Building Materials Exhibition, and Saudi Stone-Tech 2012, the 15th annual International Stone and Stone Technology and Machinery Exhibition, from November 11 to 14 at the Riyadh International Convention & Exhibition Centre.
"Saudi PMV serves as an ideal networking and marketing platform that will gather key figures, decision-makers and investors from the global construction industry, specifically those dealing with heavy construction machinery and equipment, including plants, vehicles and machinery," remarked Al-Rukban.
Saudi PMV is the largest gathering of industry professionals in the region and serves as a solid platform for exhibitors to conduct new business in the Kingdom’s lucrative construction market.
The event consistently attracts the biggest names and the most prominent local and international companies along with a large number of visitors, including senior officials and decision-makers representing both the private and public sectors.
Saudi Build 2012 serves as a key networking platform that will provide contractors, real estate developers and building owners with a full range of construction and building solutions. Saudi Stone-Tech 2012, on the other hand, caters to evolving requirements and changing trends in stone technology products and services.
According to Al-Rukban, the exhibitors can benefit from maximum brand exposure during the event, while creating exciting opportunities to expand their business contacts in Saudi, and explore new deals and investment opportunities.
"With high-profile personalities attending the event, including Saudi government officials, diplomats, and VIPs, the show is going to create the kind of atmosphere that will help drive construction machinery and equipment businesses forward," he added.-TradeArabia News Service
More Construction & Real Estate Stories
- Sabic unveils green plastics for construction
- Arabtec appoints new chief risk officer
- 1,800 contracting workers in Bahrain end strike
- 200 Arabtec workers to be repatriated
- Abyaar announces Dubai project delivery
- Dar Al Arkan raises $450m from sukuk sale
- Arabtec workers end strike; dispute 'resolved'
- Bahrain launches project for 4,500 homes
- Qatari group unveils $823m giant mall project
- Tecom announces new operational structure