Logistics providers GAC to open new warehouse in Abu Dhabi’s KIZAD

Logistics providers GAC to open new ware…

Wednesday, 19 December 2018 04:43

Integrated shipping, logistics and marine services provider GAC’s new warehouse and open yard will be situated in the Middle East’s largest industrial zone and a subsidiary of Abu Dhabi Ports,...

Ma’aden selects thyssenkrupp fertiliser production technology

Ma’aden selects thyssenkrupp fertiliser …

Wednesday, 19 December 2018 04:41

The Saudi Arabian Mining Company (Ma’aden) has announced to use the dual-pressure ammonia process developed by thyssenkrupp Industrial Solutions in the new “Phosphate 3” ammonia plant at its fertiliser complex

Liebherr and Wärtsilä collaborate for a high-speed maritime engine

Liebherr and Wärtsilä collaborate for a …

Wednesday, 19 December 2018 04:18

Liebherr and Wärtsilä have collaborated to develop a high-speed diesel engine for maritime and offshore applications

SABIC and SCA to help local knowledge collaboration of Saudi construction sector

SABIC and SCA to help local knowledge co…

Tuesday, 18 December 2018 12:11

Saudi Arabia’s diversified manufacturing company and one of the largest petrochemicals companies, SABIC signed an MoU with Saudi Contractors Authority (SCA) to enhance the collaboration and sharing of the know-how...

World’s first high bay container storing system to be ready for Expo 2020 Dubai

World’s first high bay container storing…

Tuesday, 18 December 2018 07:48

Global – an international joint-venture formed by global trade enabler DP World and industrial engineering specialists SMS group – will give way to a new and intelligent storing system that...

Yahsat and Hughes finalise satellite broadband JV

Yahsat and Hughes finalise satellite bro…

Tuesday, 18 December 2018 04:07

The UAE-based Al Yah Satellite Communications Company (Yahsat) and Hughes Network Systems (Hughes), a subsidiary of EchoStar Corporation (EchoStar), have completed a joint venture arrangement to provide greater access to...

SSAB to showcase a range of products at SteelFab 2019

SSAB to showcase a range of products at …

Tuesday, 18 December 2018 04:00

SSAB, Nordic and US-based steel company, has announced to participate in SteelFab 2019 from 14-17 January in Sharjah, to exhibit its wide range of products for the heavy transport and...

Tech Mahindra is the highest-ranked Forbes non-US company

Tech Mahindra is the highest-ranked Forb…

Monday, 17 December 2018 06:39

Tech Mahindra, one of the leading providers of digital transformation, consulting and business re-engineering services and solutions, has been named as the 15th top non-US company at the Forbes Digital...

DSI wins US$163.35mn Reem Mall MEP contract in Abu Dhabi

DSI wins US$163.35mn Reem Mall MEP contr…

Monday, 17 December 2018 06:19

Drake & Scull International PJSC (DSI), UAE-based construction and engineering company, has been appointed as the mechanical, electrical and plumbing (MEP) contractor for the Reem Mall project, a 2.8mn sq...

Red Sea Development project on track to be completed by 2022

Red Sea Development project on track to …

Sunday, 16 December 2018 15:24

The Red Sea Development Company, led by CEO John Pagano, provided an update to King Salman on the ambitious tourism and leisure project

Emirates Steel’s new financing structure to strengthen growth and development

Emirates Steel’s new financing structure…

Sunday, 16 December 2018 05:58

The UAE’s only integrated steel plant Emirates Steel has finalised a significant loan refinancing deal that will enable the company to accelerate deleveraging, increase financial flexibility, simplify its debt structure...

ULO Systems awarded MAX Group nuclear project in Bangladesh

ULO Systems awarded MAX Group nuclear pr…

Thursday, 13 December 2018 09:21

The UAE division of ULO Systems, a wholly-owned private company and a provider of services within the oil and gas and construction industries, has won a major contract in Bangladesh...

Sohail Samdani is SNC-Lavalin’s new mining and metallurgy head in Middle East

Sohail Samdani is SNC-Lavalin’s new mini…

Thursday, 13 December 2018 06:55

SNC-Lavalin has announced the appointment of Sohail Samdani as senior vice-president and general manager for the company’s mining and metallurgy sector in the Middle East

Liebherr mobile construction cranes tackle building retrofit

Liebherr mobile construction cranes tack…

Thursday, 13 December 2018 05:26

Liebherr has used three mobile construction cranes including MK 140, MK 88 and MK 100 have been in an administrative building retrofit in Neckarsulm, Germany

AEC and Honeywell sign MoA for smart city opportunities in Saudi Arabia

AEC and Honeywell sign MoA for smart cit…

Wednesday, 12 December 2018 06:51

Advanced Electronics Company (AEC), a Riyadh-based Saudi economic offset programme company, has signed a memorandum of agreement (MoA) with Honeywell to collaborate on business development activities for smart and connected...

‘Iraq moving towards the green path’

‘Iraq moving towards the green path’

Wednesday, 12 December 2018 06:22

Iraq is seeking to diversify its energy dependency by building large-scale solar, wind and biomass facilities within the next decade, expecting to supply more than 10 per cent of its...

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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