Moroccan tech city boosted by US$10bn preliminary funding deal

Moroccan tech city boosted by US$10bn pr…

Thursday, 23 March 2017 07:15

The new industrial and technology hub, located close to the city of Tangiers, will be funded by Chinese group Haite 002023.SZ, BMCE's Bank of Africa and the Moroccan government According to Construction News, the...

DEWA CEO reviews Phase III of Mohammed bin Rashid Al Maktoum Solar Park

DEWA CEO reviews Phase III of Mohammed b…

Thursday, 23 March 2017 04:38

Saeed Mohammed Al Tayer, MD & CEO of Dubai Electricity and Water Authority (DEWA), met with Mohammed Jameel Al Ramahi, CEO of the Abu Dhabi Future Energy Company (Masdar) to...

DP World CEO and Panama President discuss logistics and industrial parks in Panama

DP World CEO and Panama President discus…

Wednesday, 22 March 2017 06:51

DP World Group chairman and chairman of Ports, Customs and Freezones Corporation Sultan Ahmed Bin Sulayem met with the President of Panama Juan Carlos Varela to explore logistics and industrial...

MB Crusher can turn equipment into one-machine mobile plant

MB Crusher can turn equipment into one-m…

Wednesday, 22 March 2017 05:20

MB Crusher – together with its branch office MB America, Inc. – had a huge showcase at CONEXPO-CON/AGG 2017 in Las Vegas, crushing and screening with an excavator and skid...

SDLG wheel loaders provide reliability at Qatar quarry

SDLG wheel loaders provide reliability a…

Tuesday, 21 March 2017 06:23

Three SDLG wheel loaders are working round-the-clock feeding, crushing and screening equipment in Qatar, without any significant downtime

ACTS wins quality control, geotechnical and testing works on Qatar stadiums

ACTS wins quality control, geotechnical …

Tuesday, 21 March 2017 04:57

Advanced Construction Technology Services (ACTS), consulting organisation in the field of construction materials and geotechnical engineering, has announced that it will provide services in connection with five World Cup stadiums...

Dubai ruler inaugurates Phase II of Mohammed bin Rashid Al Maktoum Solar Park

Dubai ruler inaugurates Phase II of Moha…

Monday, 20 March 2017 14:22

The 200MW second phase of the Mohammed bin Rashid Al Maktoum Solar Park was inaugurated today by HH Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of UAE...

Farnek secures ESCO accreditation

Farnek secures ESCO accreditation

Monday, 20 March 2017 07:33

UAE-based total facilities management company Farnek has been officially accredited as an approved Energy Services Company (ESCO) by Dubai’s Regulatory Supervisory Bureau (RSB)

IoT in spotlight at Schneider Electric’s Innovation Summit 2017

IoT in spotlight at Schneider Electric’s…

Monday, 20 March 2017 05:51

Schneider Electric, global specialist in energy management and automation, is set to highlight how the future of energy management and automation is being redefined at the IoT-themed Innovation Summit on...

Barakah One Company announces Board members at first general assembly

Barakah One Company announces Board memb…

Monday, 20 March 2017 04:39

The Barakah One Company (BOC), a subsidiary of the Emirates Nuclear Energy Corporation (ENEC) and the Korea Electric Power Corporation (KEPCO), held its first general assembly and announced the members...

Dubai’s building and construction industries have no glass ceilings

Dubai’s building and construction indust…

Sunday, 19 March 2017 06:55

Moving ever forward, planning and executing the latest innovative techniques in construction and architectural designs, Dubai serves as a beacon of unbound creativity and inspiration across the globe

H.B. Fuller opens office in Dubai to support Middle East markets

H.B. Fuller opens office in Dubai to sup…

Sunday, 19 March 2017 05:48

Industrial adhesives manufacturer H.B. Fuller has announced the opening of its new office in Dubai, the UAE

Xylem pumps help tackle heavy rainfall in GCC

Xylem pumps help tackle heavy rainfall i…

Sunday, 19 March 2017 04:36

Xylem, a global water technology company, has deployed its pumps to support municipalities throughout the GCC region to better cope with unexpected amounts of heavy rainfall

Trimble launches Tekla 2017 software for construction industry

Trimble launches Tekla 2017 software for…

Wednesday, 15 March 2017 05:53

Trimble has announced three new versions of its software for structural engineering, fabrication and construction teams – Tekla Structures 2017, Tekla Structural Designer 2017 and Tekla Tedds 2017

Iran signs US$1bn zinc mining deal

Iran signs US$1bn zinc mining deal

Tuesday, 14 March 2017 10:09

Iran has signed a US$1bn deal with private investors to develop Mehdiabad, one of the world’s largest zinc mines, which it expects to come on stream in the next four...

Dubai Land Department to support Middle East Facilities Management Conference

Dubai Land Department to support Middle …

Monday, 13 March 2017 03:17

Dubai Land Department (DLD) will provide support to the Middle East Facilities Management Conference (MEFMA Confex) through its strategic partnership with the Middle East Facilities Management Association (MEFMA)

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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