USD 188 billion worth of construction projects currently underway
The third edition of The Big 5 Kuwait will be held from 14 to 16 September at the Kuwait International Fair, dmg events Middle East and Asia, the organiser has announced. Successful features that are returning, said dmg events, include the now extended Plant Machinery and Vehicle outdoor area and the How to trade in Kuwait seminar. Free to attend CPD-certified workshops, online networking tool and Building Interiors hall are new features, with building Interiors products reportedly being in high demand in Kuwait with the combined value of retail, interior and fit-out market standing at USD 31 million.
According to dmg events, with USD 188 billion worth of projects currently under various stages of planning and construction, Kuwait’s construction sector is poised for significant growth, with the chief projects being the Kuwait Metro project; Kuwait International Airport; Subiya Causeway; Al Zour New Refinery Project; and motorway construction, in addition to upscale residential and commercial properties.
Saying that the event will highlight solutions and products for the construction sector to leverage the fresh momentum experienced by the Kuwait, Ashley Roberts, Event Director of The Big 5 Kuwait, revealed that the country had earmarked USD 7.2 billion from its annual budget for 2015-2016 for the construction sector and accelerated the sector’s growth.