Iraq to form joint venture for the Grand Faw port project

Iraq to form joint venture for the Grand…

Wednesday, 20 June 2018 06:57

Iraq will be building a US$1.3bn venture to manage the execution of the Grand Faw port project

ACWA-led consortium selected as preferred bidder for UAE’s desalination plant

ACWA-led consortium selected as preferre…

Wednesday, 20 June 2018 06:35

UAE-based Federal Electricity and Water Authority (FEWA) has selected ACWA Power-led consortium as the preferred bidder to develop a desalination plant in Umm Al Quwain

RTA delegation in Italy to test telecommunication systems of Route 2020

RTA delegation in Italy to test telecomm…

Wednesday, 20 June 2018 05:59

A delegation from Road Transport Authority’s (RTA) Rail Agency in Dubai recently visited the Thales Factory in Italy to attend factory tests of the broadband radio wireless telecommunication systems of...

NFT Specialized in Tower Cranes installs 13 cranes for Reem Mall in Abu Dhabi

NFT Specialized in Tower Cranes installs…

Tuesday, 19 June 2018 11:35

NFT Specialized in Tower Cranes has been awarded the main contract to supply 14 Potain tower cranes for the Reem Mall megaproject in Najmat Abu Dhabi

Kuwait Health, Safety & Security Forum to promote critical health and safety issues

Kuwait Health, Safety & Security For…

Tuesday, 19 June 2018 06:55

Kuwait Health, Safety & Security Forum is set to convene health and safety leaders from around the globe from 24-25 September 2018

Doosan Bobcat opens backhoe loader plant in India

Doosan Bobcat opens backhoe loader plant…

Tuesday, 19 June 2018 04:28

Doosan Bobcat has opened its new backhoe loader plant in India, thus marking its entrance into one of the world’s three largest markets for the compact construction equipment industry

FILA Surface Care launches FILAMARBLE AID

FILA Surface Care launches FILAMARBLE AI…

Sunday, 17 June 2018 06:31

FILA Surface Care Solutions said its branch in the Middle East has launched FILAMARBLE AID for cleaning marble and natural stone surfaces

Mubadala to launch US$400mn European tech fund

Mubadala to launch US$400mn European tec…

Saturday, 16 June 2018 06:35

UAE-based Mubadala Investment Company has announced plans to create a US$400mn fund to invest in leading European technology companies

Deerns signs major consultancy contract for Kuwait International Airport

Deerns signs major consultancy contract …

Thursday, 14 June 2018 10:38

Deerns Group and its local partner Al-Nabhan Engineering Consultancy have signed a major consultancy agreement with Kuwait’s Directorate General of Civil Aviation for the provision of management and supervision services...

Saudia Cargo to construct new cargo handling facility at Jeddah’s KAIA

Saudia Cargo to construct new cargo hand…

Thursday, 14 June 2018 08:12

Saudia Cargo has recently signed agreements with three major companies to construct a new cargo handling facility at King Abdulaziz International Airport (KAIA)

The UAE maintains positive economic growth

The UAE maintains positive economic grow…

Thursday, 14 June 2018 04:47

The UAE’s minister of economy said that preliminary estimates issued by the Federal Competitiveness and Statistics Authority (FCSA) indicate growth in the economic performance of the country in general; which...

Thuraya and IEC Telecom displays new VSAT service at Posidonia 2018

Thuraya and IEC Telecom displays new VSA…

Wednesday, 13 June 2018 06:58

Thuraya Telecommunications Company and IEC Telecom have jointly showcased Thuraya’s maritime product portfolio and provided a preview of the latest Thuraya maritime VSAT service at Posidonia 2018, held in Greece...

MENA shows robust performance in energy sector amid geopolitical risks

MENA shows robust performance in energy …

Wednesday, 13 June 2018 06:51

In line with the initiatives to boost energy economy across the Middle East, the UAE and Kuwait have announced ambitious capacity targets for 2022 to invest more than US$220bn to...

ADFD grants US$10.89mn for rural electrification project in Uganda

ADFD grants US$10.89mn for rural electri…

Wednesday, 13 June 2018 06:11

Abu Dhabi Fund for Development (ADFD) has approved a US$10.89mn concessionary loan to develop a 33kV rural electrification project at Kalongo in Uganda

Volvo Penta will switch to electric power by 2021

Volvo Penta will switch to electric powe…

Wednesday, 13 June 2018 04:30

With the aim of becoming a driving force in sustainable power solutions, Volvo Penta is going full charge into hybrid and all-electric drivelines, offering solutions in both its marine and...

Dubai FDI named UAE's top investment promotion agency

Dubai FDI named UAE's top investment pro…

Tuesday, 12 June 2018 06:37

Dubai FDI has won the first-ever ‘Top Investment Promotion Agencies Africa & Middle East – Regional’

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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