Caparol Paints signs deals in Iraq

Caparol Paints signs deals in Iraq

Monday, 20 August 2018 10:21

German paint company Caparol Paints recently signed strategic partnership agreements with a number of contractors from Iraq to increase its market reach in the country

SEC sets up world’s first integrated centre for monitoring energy efficiency

SEC sets up world’s first integrated cen…

Monday, 20 August 2018 04:47

Saudi Electricity Company’s (SEC) Energy Efficiency Center in Dammam is world’s first comprehensive and integrated centre for monitoring, managing and operating generation plants

Kuwait’s oil sector to produce 1.5 GW of PV cells

Kuwait’s oil sector to produce 1.5 GW of…

Sunday, 19 August 2018 08:18

Kuwait’s oil sector will produce 1.5 GW of solar cells before the end of 2018, as quoted saying by oil minister and minister of electricity and water Bakheet Al- Rasheedi

International body prompts marine renewables guidelines

International body prompts marine renewa…

Sunday, 19 August 2018 06:27

The International Marine Contractors Association (IMCA) committee is expected to produce three toolbox talk prompt guidelines for marine operations in the offshore energy sector, responding to the growth of involvement...

SANY introduces advanced excavator for tough terrains

SANY introduces advanced excavator for t…

Thursday, 16 August 2018 06:40

SANY, Chinese multinational heavy machinery manufacturing company, has launched a new advanced excavator model SY50U, aiming to cover a wider range of working conditions than the previous models SY16C and...

Peter Granqvist joins Volvo Penta Executive Group

Peter Granqvist joins Volvo Penta Execut…

Wednesday, 15 August 2018 05:04

Peter Granqvist will take up the position of senior vice-president for product development, planning and purchasing, replacing Johan Inden

MENA data centre spend to hit US$5bn by 2020

MENA data centre spend to hit US$5bn by …

Tuesday, 14 August 2018 06:38

Data centre modernisation in the Middle East and North Africa (MENA) ranks as one of the top digital business priorities for regional CEOs in the next two years, enabling new...

Emrill set to boost UAE’s facilities management sector

Emrill set to boost UAE’s facilities man…

Tuesday, 14 August 2018 06:19

The UAE-based integrated facilities management (FM) company Emrill has announced a record annual contract wins and renewals of more than US$135mn in 2017

SEC links seven transformer stations to main electricity grid

SEC links seven transformer stations to …

Monday, 13 August 2018 06:19

The Saudi Electricity Company (SEC) has announced the start of seven power transformer stations in the northern border area with a total value of US$560mn and capacity of 3613 mva

Improve your utility customer experience

Improve your utility customer experience

Monday, 13 August 2018 06:12

As utility companies continue to develop more customer-centric businesses, cloud services are helping them to engage with the customers in a more appealing way

Huawei to accelerate 5G ecosystem in Bahrain

Huawei to accelerate 5G ecosystem in Bah…

Sunday, 12 August 2018 06:42

Huawei, leading global provider of information and communications technology (ICT) infrastructure and smart devices, has announced to implement its new ‘1+1 antenna modernisation’ solutions to roll out commercial 5G networks...

Saudi Arabia to help rebuild Yemen

Saudi Arabia to help rebuild Yemen

Sunday, 12 August 2018 06:03

Saudi Arabia has announced eight new developmental projects in Al Mahra Governorate in Yemen, as part of Saudi Reconstruction Programme in Yemen (SRPY)

UAE’s Yahsat introduces Yahclick Wi-Fi Enterprise Solution

UAE’s Yahsat introduces Yahclick Wi-Fi E…

Thursday, 09 August 2018 06:53

Yahsat, the UAE-based satellite operator, has launched the YahClick Wi-Fi Enterprise Solution in partnership with Italian Wi-Fi cloud management software provider Tanaza

Second edition of Phanes Group solar incubator for sub-Saharan Africa launched

Second edition of Phanes Group solar inc…

Wednesday, 08 August 2018 09:08

Phanes Group, global end-to-end solar provider headquartered in Dubai, has announced the 2nd edition of its Solar Incubator programme, aimed at identifying PV projects of potential in sub-Saharan Africa by...

Saudi Arabia’s PIF buys five per cent stake in Tesla

Saudi Arabia’s PIF buys five per cent st…

Wednesday, 08 August 2018 07:06

Saudi Arabia’s Public Investment Fund (PIF) has acquired up to five per cent stake in electric car maker Tesla

Bobcat targets heavy lift handling with new compact telehandler

Bobcat targets heavy lift handling with …

Wednesday, 08 August 2018 04:47

Bobcat has launched TL43.80HF telehandler in the Middle East and Africa for heavy lift handling applications such as in manufacturing, building materials, warehousing, quarrying and mining

Saudi Arabia construction spend to reach US$420 billion over next three years

big-5-update

The construction industry in Saudi Arabia is expected to spend up to US$420 billion over the next three years. The research conducted by Ventures Middle East for The Big 5 2011, has shown that the country's projected spend will mostly lie in buildings and oil and gas developments.

Andy White, exhibition director of The Big 5 2011, said: "It is no industry secret that Saudi Arabia presents significant opportunities for the construction sector, however, this research highlights the extent of projected spend over the upcoming years as well as the specific areas that these opportunities are most abundant.

"Saudi visitor participation has consistently increased at The Big 5 and the event's position within the market has continued to strengthen. The event's reputation as a platform to source the right products and solutions means that its importance in the current market place has grown."

Within the buildings sector, mixed use and residential developments are consistently at the top of the spending list, accounting for almost US$70 billion and US$50 billion respectively. Petrochemicals and refineries account for the majority of oil and gas budgets, representing over 90 per cent of the spend.

The Big 5 2011 will see Saudi exhibitors, including Saudi Sabic Corporation, TSSC, Emirates Steel, Raihi Steel and Al Jawda Ceramic attend the event in November. With more 2,500 exhibitors spanning 75 countries, and the very latest technologies and innovations from the building and construction sector, there will be unrivalled opportunities to source products and services and network with leading industry experts.

Faisal BinEdan, director of marketing for Rajhi Steel Industries said: "The construction in KSA has expanded rapidly in the last five years with several mega projects, both industrial, economical or even housing. It is also expected that this expansion with continue for the next five years on the existing projects announcements alone.

"The Big 5 is one of the largest exhibitions in the Middle East, where visitors and companies come from all over the world to hunt business opportunities in and outside of the region. We are looking forward to showcasing our brand not only in the Kingdom but also in the region, to increase the marketing of our new expansions for 2012."

White concluded: "It is fantastic to see such figures being projected for the industry in the region and we are anticipating a lot of discussion and debate on the Saudi market during The Big 5 this year. This year's event will see more than 30,000 products on display with access to expertise from 75 countries ranging from heavy construction, concrete, fit-out as well a burgeoning facilities management industry. Many of these products will be showcased individually at the event's brand new product seminars, providing a dedicated area to innovation and forward thinking within the industry."

Middle East Concrete, PMV Live and FM Expo are now operating under The Big 5 portfolio of events and will run alongside The Big 5 in 2011 and beyond. Developed to cater to industry demand they will provide dedicated zones for buyers, which will focus on those products and services most relevant to each industry.

Alain Charles Publishing, University House, 11-13 Lower Grosvenor Place, London, SW1W 0EX, UK
T: +44 20 7834 7676, F: +44 20 7973 0076, W: www.alaincharles.com

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