Global leaders eyeing $1.2 trn Saudi construction market
JEDDAH, December 19, 2019
More than 340 major players from the global construction industry will be in Jeddah for the 10th edition of The Big 5 Saudi expo in March with an eye on the kingdom's $1.2-trillion construction market.
Mega-projects such as Neom and King Salman Park provide immense opportunities for international companies looking to show commitment to the kingdom, said the organisers dmg events.
The kingdom's high-profile construction event will be back at the Jeddah Centre for Forum & Events from March 8 to 10 for its grand 10th-anniversary edition.
A meeting place for the global construction industry in Saudi Arabia, The Big 5 Saudi provides a place to source everything in the construction buying cycle – from conception through to completion.
Top exhibiting brands from over 20 countries including Greece, UK, UAE, Egypt, Korea, Italy and US will be showcasing their expertise at the upcoming event, said the organisers.
There are more than $1.2 trillion worth of planned and un-awarded projects in Saudi Arabia according to a recent Meed Projects report and webinar prepared in collaboration with The Big 5 Saudi, with $684 billion projects in the construction sector (55 per cent) alone.
The report termed Saudi projects market as one of the largest in the Middle East and North Africa (Mena) region currently, and highlights future acceleration in line with the opening of the kingdom’s economy and with Saudi Vision 2030.
Event director Roni El Haddad said: "With so many exciting new developments coming out of the kingdom’s construction industry, the Meed Projects construction project preview and webinar is a fantastic tool for construction professionals to discover the immense business opportunities in Saudi Arabia."
"This combination of exclusive industry insights and market intelligence, coupled with the physical meeting place that only The Big 5 Saudi offers, makes the event an unmissable opportunity for anyone in the construction industry aiming to do business in Saudi Arabia," he added.
Some of the key projects listed to offer significant business opportunities for construction companies include the King Salman Park mega-project in Riyadh, worth more than $17 billion, and Saudi Arabia’s most ambitious project, the $500 billion Neom smart-city project.
Similarly, the report refers to the historic introduction of a new visit-visa system in the kingdom as having positive implications for the construction industry.
According to the report, the $27 billion worth of project agreements with local and international investors, made by the Saudi Arabia General Investment Authority (Sagia) and Saudi Commission for Tourism and National Heritage (SCTH), includes plans to develop a shopping mall with the region’s largest indoor ski slope and snow park.
With a mission to fully equip the sector amidst huge development plans, The Big 5 Saudi also features 50 free-to-attend and CPD-certified educational seminars covering the latest in construction technologies and regulations, presented by industry experts and opinion leaders.
The Big 5 Saudi is supported by GCC Standardization Organization (GSO), Katerra (Platinum Sponsor), Al Bawani (Contracting Sponsor) and Jeddah Chamber.
Expected to attract 14,000+ visitors, the 10th edition of The Big 5 Saudi brings under one roof over 300 manufacturers of construction products from around the world.
An ideal platform for construction industry professionals to network, secure qualified leads and close business deals, The Big 5 Saudi 2020 displays the latest innovations across dedicated product sectors.
The event also offers CPD (Continuing Professional Development) certified workshops, which are free to attend and delivered by renowned industry experts.-TradeArabia News Service
