DEWA awards water pipeline contracts worth US$67.52mn in Dubai

DEWA awards water pipeline contracts wor…

Wednesday, 28 June 2017 06:40

Dubai Electricity and Water Authority (DEWA) has awarded a contract worth US$67.52mn for the construction of a 40km water pipeline project along Al Qudra Streets, aiming to increase the supply...

Boeing and Kuwait’s ALAFCO announce commitment for 20 737 MAX 8s

Boeing and Kuwait’s ALAFCO announce comm…

Wednesday, 28 June 2017 05:27

Boeing and Kuwait-based ALAFCO Aviation Lease and Finance Company (ALAFCO) have announced a commitment for 20 737 MAX 8s at the 2017 Paris Airshow, valued at US$2.2bn at current list...

Visa SpA gensets power cement factory in Kuwait

Visa SpA gensets power cement factory in…

Tuesday, 27 June 2017 09:26

Italy-based Visa SpA, one of the world’s leading gensets suppliers, has been recently involved in a major building contract in Kuwait for the supplying of a first batch consisting of...

South Korea to build mini-LNG plants in Iran

South Korea to build mini-LNG plants in …

Tuesday, 27 June 2017 04:50

Iran has announced that it is working on a plan to develop sophisticated mini-LNG plants with South Korea to answer energy needs in remote areas of the country

Kaesar Kompressoren provides ideal solution for Industrie 4.0

Kaesar Kompressoren provides ideal solut…

Tuesday, 27 June 2017 04:30

Compressed air and Industrie 4.0 – Kaeser Kompressoren has the right solutions for deriving maximum benefit from this powerful combination

‘MEA’s new wind power capacity set to rise 40 GW by 2026’

‘MEA’s new wind power capacity set to ri…

Monday, 26 June 2017 06:05

MAKE Consulting recently revealed that the wind power capacity in the Middle East and Africa (MEA) region amounted to 676MW in 2016, as compared to 682MW in 2015, but has...

Immensa launches first 3D printing facility in the UAE

Immensa launches first 3D printing facil…

Sunday, 25 June 2017 06:08

Immensa Technology Labs, UAE’s leading additive manufacturing (AM) company, has launched the first 3D printing facility in Dubai, which comprises eight 3D printing systems and more than 30 materials for...

Technical Review Middle East  weekly digest - 18th June - 22nd June

Technical Review Middle East weekly dig…

Sunday, 25 June 2017 04:00

Here is a brief overview of the week’s news on Technical Review Middle East, from 18th June - 22nd June 2017

Bio-diesel helps keep Glastonbury running

Bio-diesel helps keep Glastonbury runnin…

Friday, 23 June 2017 16:01

Britain’s best-known music festival has once again opened its gates, this year with sunny days and balmy temperatures

AUD students design door handles for Dubai Expo 2020 pavilion

AUD students design door handles for Dub…

Friday, 23 June 2017 06:12

American University in Dubai (AUD) has teamed up with the global security provider Dormakaba, aiming to provide opportunity to the students to design lever handles for Expo 2020 mobility pavilion

QCC unveils solar PV scheme to support adoption of solar energy in Abu Dhabi

QCC unveils solar PV scheme to support a…

Wednesday, 21 June 2017 07:01

Abu Dhabi Quality and Conformity Council (QCC), responsible for developing quality infrastructure and raising awareness on quality standards in Abu Dhabi, has unveiled a conformity assessment scheme to verify the...

Saudi Arabia and Bahrain causeway project invites expressions of interest

Saudi Arabia and Bahrain causeway projec…

Wednesday, 21 June 2017 06:05

With Saudi Arabia and Bahrain planning to build a new road and rail causeway linking the two countries, expressions of interest (EoI) have been invited from the private sector developers,...

Concession agreement to develop, manage and operate Fujairah Port

Concession agreement to develop, manage …

Wednesday, 21 June 2017 04:58

A 35-year concession agreement between Abu Dhabi Ports and the Port of Fujairah was signed recently

Traxys signs antimony supply deal with Oman’s SPMP

Traxys signs antimony supply deal with O…

Tuesday, 20 June 2017 06:14

Luxembourg-based Traxys Europe has signed contract with Oman’s Strategic and Precious Metals Processing (SPMP), a partnership that is aimed at supplying antimony-gold concentrates to the Oman Antimony Roaster (OAR), which...

Abraaj Group divests stake in Careem to Kingdom Holding Company

Abraaj Group divests stake in Careem to …

Tuesday, 20 June 2017 04:26

The Abraaj Group announced that it has divested shareholding in Careem, the UAE’s leading transportation network company, to the Saudi Arabia’s conglomerate Kingdom Holding Company

Averda wins UAE’s ‘Waste Management Company of the Year’ award

Averda wins UAE’s ‘Waste Management Comp…

Monday, 19 June 2017 06:32

Averda, an environmental solution provider in Middle East and Africa, has received ‘UAE Waste Management Company of the Year Award-Private Entity’ at the Frost & Sullivan’s Excellence in Best Practices...

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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