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
- Emaar unveils luxury homes in ‘BLVD Crescent’
- Emaar's retail spin-off plan 'won't affect rating': S&P
- Alargan HQ becomes Kuwait's first Leed project
- Tecom parks to become carbon-free zones
- New Tekla software accelerates information flow
- Damac unveils first Trump Estates in ME
- GFH in key London property placement
- Green Valley unveils new UAE, Turkey projects
- Jotun colour collection tracks new trends
- RAK Properties to distribute $27.2m profit
- Top construction firms head to Bahrain
- Investors pull out of $65m Bahrain project
- Projects stalled in Bahrain due to 'mismanagement'
- Emaar rules out plans for new tall tower
- Barwa net profit surges 27.3pc
- RAK Properties adds new villas to Flamingo project
- Saudi launches housing scheme to ease shortage
- R&M wins Oman residential project contract
- Asian skyscraper prices tower over rest of the world
- Tamleek opens new office in Dubai
- $29m allocated for Bahrain drainage projects
- Indian group plans $300m Bahrain Bay investment
- Drake and Scull awards key supply contract
- FCC wins $702m Doha metro line contract
- SPF Realty sees Dubai project success
- Abu Dhabi set for big property show
- Aldar working on $1.5bn UAE housing projects
- Gulf Finance House to start $3bn Tunisia project
- Abu Dhabi to see 10pc surge in new homes
- Saudi construction sector booming on new contracts