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Twin Industry Events Post 70% Booking

Reflect Saudi construction sector’s resurgence with lineup of over 720 projects.

| | Jun 30, 2010 | 11:57 am
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Reflect Saudi construction sector’s resurgence with lineup of over 720 projects.

According to a recent statement issued by Saudi Build and Saudi Stone-Tech, the Kingdom of Saudi Arabia’s current lineup of construction developments includes over 720 projects spanning the commercial, education, healthcare, leisure and residential segments, and collectively budgeted at more than SAR1.6 trillion. These account for more than 25% of construction activities in the Gulf, making the Kingdom the region’s largest construction market.

This is reflected in the growing interest in Saudi Build 2010, the 22nd International Construction Technology and Building Materials Exhibition, and Saudi Stone-Tech, the 13th International Stone and Stone Technology Show, said Riyadh Exhibitions Company, the organiser of the two events.

The events, which are slated to run simultaneously at the Riyadh International Convention & Exhibition Centre, from October 18 to 21, are already 70% booked and expected to draw thousands of professional trade visitors, the organizer claimed. It also confirms the participation of 42 national pavilions, with Belgium, Egypt, the UK, France and Taiwan joining for the first time and contributing to a 12% increase in international participation.

Commenting on this, Shahid Bhatti, Project Manager, Saudi Build and Saudi Stone-Tech at Riyadh Exhibitions Company, said: “Saudi Build 2010 and Saudi Stone-Tech 2010 are still a few months away, and yet we have already received numerous inquiries and advanced confirmations. This is indicative of how Saudi Arabia has emerged as the leader in Gulf construction and property development. Last year, the domestic construction business posted a real growth of 3.9 per cent amidst the crisis. Given the more positive outlook for the global economy this year, we can expect even more local and foreign investments into one of the Kingdom’s strongest economic sectors, with Saudi Build 2010 and Saudi Stone-Tech 2010 serving as an important preview of construction opportunities.”

Saudi Build 2010 and Saudi Stone-Tech 2010 are business-to-business construction events in the Gulf, and will gather exhibitors from Europe, Africa, the Middle East, and Asia. According to Riyadh Exhibitions Company, the events will feature around 30,000 square metres of dedicated indoor and outdoor exhibition areas for stone, heavy machinery and construction equipment. It further claims that it is the only construction trade show in Saudi Arabia accredited by UFI, the Global Association of the Exhibition Industry.

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