OPWP to develop Salalah Independent Water Project in Oman

OPWP to develop Salalah Independent Wate…

Sunday, 22 April 2018 06:07

Oman Power and Water Procurement Company (OPWP) has signed agreements with an ACWA Power-led consortium with Veolia and DIDIC, a move that aims to establish the Salalah Independent Water Project...

Saudi Building Code compulsory for large construction projects in the kingdom

Saudi Building Code compulsory for large…

Thursday, 19 April 2018 06:11

It is compulsory to follow the Saudi Building Code for the large construction projects in the country, as recommended by the National Committee for the Saudi Building Code committee

HyperloopTT to build first commercial Hyperloop System in the UAE

HyperloopTT to build first commercial Hy…

Thursday, 19 April 2018 06:02

The US-based Hyperloop Transportation Technologies (HyperloopTT) has signed an agreement with Aldar Properties PJSC, one of the leading real estate developers in Abu Dhabi, to build a Hyperloop system, Hyperloop...

MENA truck market to register CAGR of 3.4 per cent by 2027

MENA truck market to register CAGR of 3.…

Wednesday, 18 April 2018 12:01

A report published by Future Market Insights titled ‘Commercial Vehicles (Trucks) Market: Middle East & North Africa (MENA) Industry Analysis 2012 – 2016 and Opportunity Assessment 2017-2027’ estimates a revenue...

Rockwell Automation to host Automation University event in Abu Dhabi

Rockwell Automation to host Automation U…

Wednesday, 18 April 2018 11:54

Rockwell Automation said it would host Automation University, its event focussed on automation and integrated information technologies in Abu Dhabi between 8-9 May at Etihad Towers

MENA needs US$260bn investment to meet power demand over next five years

MENA needs US$260bn investment to meet p…

Wednesday, 18 April 2018 06:55

The Middle East and North Africa (MENA) region will require US$260bn of investment to meet rising and suppressed electricity demand, said Arab Petroleum Investments Corporation (APICORP) in its latest research...

Siemens and Dubai Airports sign agreements to enhance passenger experience

Siemens and Dubai Airports sign agreemen…

Wednesday, 18 April 2018 06:37

Siemens Postal, Parcel and Airport Logistics (SPPAL) has signed a MoU with Dubai Airports to enhance passenger experience and throughput, cost optimisation and energy efficiency at Dubai International Airport (DXB)...

Zayed Future Energy Prize rebranded Zayed Sustainability Prize

Zayed Future Energy Prize rebranded Zaye…

Tuesday, 17 April 2018 11:52

The Zayed Future Energy Prize is now the Zayed Sustainability Prize as part of a strategic move to refocus its mandate

Royal HaskoningDHV to undertake market study for Haramain project in Saudi Arabia

Royal HaskoningDHV to undertake market s…

Tuesday, 17 April 2018 11:00

Royal HaskoningDHV has been appointed to carry out a detailed market study for the Haramain High Speed Railway in Saudi Arabia

JinkoSolar signs 2.7 GW solar panel deal with NextEra Energy

JinkoSolar signs 2.7 GW solar panel deal…

Tuesday, 17 April 2018 06:31

Chinese manufacturer of photovoltaics and a developer of solar projects JinkoSolar has signed 2.7 GW solar panel supply deal with the US-based NextEra Energy, making it the largest single solar...

International launch of Volvo rigid hauler range

International launch of Volvo rigid haul…

Monday, 16 April 2018 06:40

Volvo Construction Equipment has unveiled its new range of Volvo-branded rigid haulers to customers and dealers

Oman-based Raysut Cement Company plans to build new plant in Georgia

Oman-based Raysut Cement Company plans t…

Monday, 16 April 2018 06:01

One of Oman’s largest cement producers Raysut Cement Company has announced to approve an initial study to consider building a one metric tonne per year cement plant in Georgia

Cisco comes on board as Expo 2020 digital partner

Cisco comes on board as Expo 2020 digita…

Sunday, 15 April 2018 07:02

Network device maker Cisco said it would provide IT services for the Expo 2020 Dubai, the event which is expected to have 25mn visitors

BIM innovation in water network analysis with Benley’s WaterGEMS

BIM innovation in water network analysis…

Sunday, 15 April 2018 06:35

Bentley’s WaterGEMS – a water distribution analysis and design software – aims to analyse water distribution system and build a comprehensive water distribution network, and has been optimised in a...

Cat articulated trucks undergo redesign for better operator safety and convenience

Cat articulated trucks undergo redesign …

Thursday, 12 April 2018 08:41

Three new Cat® articulated trucks – 730, 730 EJ (Ejector) and 735 – have been extensively redesigned, enhancing the field-proven features and performance of their C-Series predecessors (730C2, 730C2 EJ,...

Tunisia set to launch 1 GW renewable energy auction

Tunisia set to launch 1 GW renewable ene…

Thursday, 12 April 2018 06:19

Tunisia is set to launch an international tender for the procurement of 1,000MW of wind and solar power, a project that is estimated to be worth US$1.04bn

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

twn Are you sure that you want to switch to desktop version?