Wacker’s new solutions will promote standardisation of construction paints

Wacker’s new solutions will promote stan…

Thursday, 14 February 2019 04:29

Germany-based international chemical company Wacker has announced to introduce its sustainable construction solutions project at the Middle East Coatings Show (MECS) from 26-28 February 2019 in Dubai, aiming to promote...

Etihad ESCO completes Hatta Solar retrofit project

Etihad ESCO completes Hatta Solar retrof…

Thursday, 14 February 2019 03:34

With DEWA’s support, Etihad Energy Services Company (Etihad ESCO) has announced the successful completion of the Hatta solar retrofit project, which included installation of 7,756 PV solar panels over the...

Siemens to maintain and digitalise Shuweihat project

Siemens to maintain and digitalise Shuwe…

Wednesday, 13 February 2019 04:49

Siemens has signed an extension of an 18-year maintenance service agreement with Shuweihat S2 Operation and Maintenance Company (S2O&M) to maintain and digitalise 1,500MW Shuweihat S2 independent water and power...

Averda wins 20-year waste recovery contract in Morocco

Averda wins 20-year waste recovery contr…

Tuesday, 12 February 2019 05:51

Averda has won a 20-year contract with Tangier city in Morocco for advanced waste treatment services

‘Oman’s industrial sector contributed US$14.54bn to GDP’

‘Oman’s industrial sector contributed US…

Tuesday, 12 February 2019 04:26

Oman’s industrial sector contributed US$14.54bn to the GDP in 2017, said Dr Ali bin Masoud Al Sunaidi, minister of commerce and industry

DEWA announces 98 per cent completion of M-Station project

DEWA announces 98 per cent completion of…

Monday, 11 February 2019 05:27

Dubai Electricity and Water Authority (DEWA) has completed 98 per cent of the M-Station expansion project, one of the leading power generation and water desalination plants in the UAE

Japanese energy firms to showcase innovations at 24th World Energy Congress

Japanese energy firms to showcase innova…

Monday, 11 February 2019 04:37

The 24th World Energy Congress (WEC) will be held in Abu Dhabi from 9-12 September 2019, exploring new energy futures, critical innovation areas and new energy strategies across the globe

Niger SMEs to get Khalifa Fund support

Niger SMEs to get Khalifa Fund support

Thursday, 07 February 2019 06:39

Mahamadou Issoufou, President of Niger, met with Hussain Jasim Al Nowais, chairman of the UAE-based Khalifa Fund for Enterprise Development, in the Capital Niamey to discuss growing relations and strong...

UAE’s MOCCAE issues resolution on construction waste

UAE’s MOCCAE issues resolution on constr…

Thursday, 07 February 2019 06:30

The Ministry of Climate Change and Environment (MOCCAE) has issued the Ministerial Resolution No 21 of 2019 on the use of recycled aggregates from construction and demolition waste for road...

Bentley Systems announces OpenUtilities for grid modernisation

Bentley Systems announces OpenUtilities …

Wednesday, 06 February 2019 06:49

Bentley Systems has announced OpenUtilities solutions for distributed energy resources (DER) planning and design assessment in grid modernisation

Increasing focus on affordable housing in GCC

Increasing focus on affordable housing i…

Tuesday, 05 February 2019 06:50

GCC countries are strengthening their efforts to further enhance the accessibility to affordable housing for low- and middle-income households as part of government efforts to address rapid urbanisation and growing...

‘Attractive FDIs and generous government spend boosting Saudi Arabia’s economy’

‘Attractive FDIs and generous government…

Tuesday, 05 February 2019 04:28

Increased government spending and progress on mega-project developments provide a catalyst for future investment opportunities in Saudi Arabia, outlines JLL’s 2018 Year in Review report

Eaton introduces new generation of 93E UPS

Eaton introduces new generation of 93E U…

Tuesday, 05 February 2019 03:22

Power management company Eaton has introduced of the second-generation of its Eaton 93E uninterruptible power supplies (UPS)

Eltizam invests US$5mn in next-gen property technologies

Eltizam invests US$5mn in next-gen prope…

Monday, 04 February 2019 07:33

Eltizam Asset Management Group, a physical asset management company located across the GCC, is investing US$5mn in next-generation property technologies over the next three years, a move that is seen...

Hanergy to set up region’s first thin-film solar power industrial park in Saudi Arabia

Hanergy to set up region’s first thin-fi…

Monday, 04 February 2019 03:23

China’s Hanergy Thin Film Power Group, world's largest thin-film solar power solution company, has signed an MoU investment cooperation agreement with Ajlan & Bros to launch the first solar thin-film...

Vaisala launches 3-in-1 biogas measurement tool

Vaisala launches 3-in-1 biogas measureme…

Monday, 04 February 2019 03:00

Vaisala, a Finnish-based environmental and industrial measurements manufacturer, has introduced the world’s first in situ 3-in-1 biogas measurement instrument for measuring methane, carbon dioxide and humidity in demanding environments

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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