Tuesday 19 March 2019

Saudi machinery imports hit $15bn per year

Riyadh, July 24, 2011

Saudi Arabia’s investment initiatives in the industrial sector have led to imports of industrial machineries valued at around $15 billion annually, said the organisers of an upcoming trade exhibition for machinery in Riyadh.

The kingdom’s industrial investments reached $37.70 billion in 2010, up from $24.57 billion in 2009, added the organisers of Makinat Saudi Arabia 2011 – the international trade exhibition for industrial machinery, machine tools, equipment and technology for Saudi Arabia.

Makinat Saudi Arabia 2011 will be held at the Riyadh International Convention and Exhibition Center and will run from November 28 to December 1.

The event has been organised to complement the robust business climate within the industrial sector and provide a definitive business-to-business platform for trade buyers and leading suppliers to interact and discuss mutually beneficial business opportunities.

“The industrial sector has achieved a remarkable growth pace in recent years, creating an unprecedented surge in demand for a wide array of industrial machineries, tools, spare parts and technologies,” said Kamil Al Jawhari, project manager of Makinat Saudi Arabia at Riyadh Exhibition Company.

“We expect Saudi Arabia to continue to move forward with its industrial diversification strategy, which is a key component in the Kingdom’s mission to further strengthen the national economy.”

“Makinat Saudi Arabia 2011 will add momentum to the sustained growth of the industrial sector by creating a definitive venue to discuss business opportunities and to showcase the latest technological advances, state-of-the-art machineries and best practices in the industrial sector,” he added.

Makinat Saudi Arabia will be presenting the latest developments in machinery, machine tools, equipment, accessories and spare parts from regional and international manufacturers and suppliers. – TradeArabia News Service

Tags: Exhibition | Trade fair | Imports | Riyadh | Industrial machinery | Makinat Saudi Arabia |

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