Monday 10 December 2018

Over 400 top companies at Big 5 Saudi expo

JEDDAH (Saudi Arabia), March 4, 2018

More than 400 local and international exhibitors will be showcasing their latest products and services at The Big 5 Saudi 2018, a premier trade event for the construction sector which opens its doors tomorrow (March 5) at The Jeddah Centre for Forums & Events.

Backed by Saudi Arabia’s Building Technology Stimulus Fund (BTSF), an initiative of the Saudi Ministry of Housing, The Big 5 Saudi 2018 is expected to play a decisive role in supporting the kingdom’s Vision 2030 over the next three days.

A key highlight of the event will be hosting of more than 50 free, certified workshops by the captains of the construction industry.

“With a growing population outnumbering its GCC neighbours, Saudi’s construction industry has vast potential to grow,” remarked Ibrahim Albuloushi, the country head for Sauid Arabia for JLL.

“The recent economic and social reforms, PPP and privatisation efforts being made by the government, will bring in additional demand, SMEs, better quality services to end users, and the needed financing to fund the recently announced ambitious mega-projects,” stated Albuloushi.

According to experts, the 8th edition of the premier construction trade event will play a pivotal role in establishing much needed international partnerships in the Kingdom as Vision 2030 unfolds.

With a combined estimated value of $852.3 billion, over 4,700 active construction projects are currently underway in Saudi Arabia.

In order to meet the requirements of these projects, international partnerships are strongly needed in the kingdom today, they stated.

Lucas Pastor, the corporate business development manager at Arabian Bemco Contracting Company, said: "The projects in the pipeline, especially the PPP ones, require international know-how and financial resources."

"At the same time, the strategy of the kingdom to promote the local employment implies the necessity of the local companies to be involved in these projects as local manufacturers and/or local contractors," he stated.

For this reason, said Pastor, global partnerships are a must right now in Saudi Arabia more than ever before, "and events like The Big 5 Saudi are the perfect scenario to promote such partnerships."

The event will see leading exhibitors from 18 countries taking part besides hosting country pavilions from Belgium, China, Germany, Greece, India, Italy, Korea, Saudi Arabia, Spain, Turkey, and United States of America.

Showcasing a varied wealth of building materials and construction solutions, including bathroom and kitchen fittings, smart city resources, steel and solar technology, the event also displays concrete and PMV equipment and material handling in an outdoor zone dedicated to heavy machinery and warehousing products.

"The Big 5 Saudi 2018 gathers many international and regional brands presenting innovations in construction, advanced and smart technology products. All of this embraces Saudi Vision 2030, with a strong focus on fast execution, development, and productivity in an encouraging market," remarked Roni El Haddad, the event director of The Big 5 Saudi.

Omar Khayal, the business development manager at special solutions exhibitor RIVA GmbH Engineering, said: "The upcoming years show great prospective and the Kingdom’s Vision 2030 supports and drives the market towards new development and infrastructural expansions."

“The Big 5 in Saudi is a great possibility to present our company and products to the local architects, investors and market representatives,” noted Khayal.

“Housing is the most significant area of expenditure under Saudi Vision 2030, with the aim to grow the real estate sector contribution to GDP from 5 to 10 per cent by the deadline,” stated El Haddad.

"For this reason, we are absolutely honoured to have Saudi Arabia’s Building Technology Stimulus Fund (BTSF) as Strategic Partner of The Big 5 Saudi 2018,” he added.

An initiative of the Saudi Ministry of Housing, the Fund is dedicated to increasing building technologies capacity to meet urban development goals in the kingdom.

The event also enjoys the support of Al Bawani, the company behind some of the most prominent construction projects in the Kingdom, like the Saudi-Bahrain viaduct, and the King Abdullah Center for Oncology and Liver Disease 24 Story tower, part of the King Faisal Specialist Hospital Mega Project in Riyadh completed recently.

“Al Bawani understands that creating the appetite and competencies for undertaking ground-breaking projects like these need to be fostered in the Kingdom if the intentions of Vision 2030 are to be fully realized,” stated Fakher Al Shawaf, the general manager of Al Bawani.

Organized by dmg events Middle East, Asia & Africa and MICE Arabia, The Big 5 Saudi is co-located with Wood Tech & Design Expo Saudi 2018.-TradeArabia News Service

Tags: Construction | building |

More Construction & Real Estate Stories

calendarCalendar of Events