Salini Impregilo signs US$1.3bn construction contract in Saudi Arabia

Salini Impregilo signs US$1.3bn construc…

Thursday, 22 February 2018 10:30

Italian firm Salini Impregilo has signed a construction contract worth US$1.3bn with Saudi Arabia

Kobelco launches new hydraulic crawler cranes

Kobelco launches new hydraulic crawler c…

Thursday, 22 February 2018 06:42

Kobelco Construction Machinery has launched new hydraulic crawler cranes with a maximum lifting capacity of 300MT for standard crane and 350MT with an SHL specification

Bee’ah’s MRF becomes world-leading producer of recovered plastics

Bee’ah’s MRF becomes world-leading produ…

Thursday, 22 February 2018 06:28

Bee’ah, the Middle East’s award-winning environmental management company, has announced that its Material Recovery Facility (MRF) has become one of the world’s largest producers of recovered plastics, following the installation...

Hormann launches emergency lift barriers to increase security

Hormann launches emergency lift barriers…

Thursday, 22 February 2018 06:04

Hormann, provider of doors, gates, frames and operators in the Middle East and Africa, has introduced new lift barriers equipped with Emergency Fast Operation (EFO) emergency function to secure passages...

Tecnoware introduces new UPS EVO DSP PLUS TT 100-200KVA

Tecnoware introduces new UPS EVO DSP PLU…

Wednesday, 21 February 2018 04:46

Tecnoware has introduced new UPS EVO DSP PLUS TT 100-200KVA, aiming to protect computer from any irregularities in the AC line

Iran plans to build small-scale power plants in the north

Iran plans to build small-scale power pl…

Tuesday, 20 February 2018 06:23

Iran’s Energy Ministry has launched plans to establish 40 small-scale power plants with distributed generation systems in the Northern provinces of Mazandaran and Golestan with the help of the private...

Oman names advisors for privatising five power firms

Oman names advisors for privatising five…

Tuesday, 20 February 2018 06:16

Oman’s state-owned electricity holding firm, Nama Holding, has appointed a consortium of advisors, jointly led by London Economics and Lazard Freres, to privatise its five subsidiary power distribution and transmission...

Coperion Middle East opens new service centre in Al Jubail, Saudi Arabia

Coperion Middle East opens new service c…

Tuesday, 20 February 2018 06:00

Coperion Middle East Co, Ltd has opened a new facility in the Jubail 2 district with a two day customer event in early February 2018

JinkoSolar and Marubeni’s Sweihan project wins MESIA award

JinkoSolar and Marubeni’s Sweihan projec…

Monday, 19 February 2018 06:27

The record-breaking 1,177MW Sweihan project, co-developed by JinkoSolar, Marubeni, and the Abu Dhabi Electricity and Water Authority (ADEWA), won ‘Large Scale Solar Project of the Year’ by the Middle East...

Abu Dhabi Ports opens ME’s first Port Digital Innovation Lab

Abu Dhabi Ports opens ME’s first Port Di…

Monday, 19 February 2018 06:21

Abu Dhabi Ports has launched the first Port Digital Innovation Lab, as part of its commitment to innovation, through providing a platform for creative minds in the UAE to develop...

Volvo CE’s electric compact excavator prototype wins INTERMAT Innovation Award

Volvo CE’s electric compact excavator pr…

Sunday, 18 February 2018 06:36

Volvo Construction Equipment’s (Volvo CE) electric compact excavator prototype, the EX2, has won equipment and machinery award at the INTERMAT Innovation Awards in the earthmoving and demolition category

Iraq receives US$30bn aid to rebuild economy

Iraq receives US$30bn aid to rebuild eco…

Sunday, 18 February 2018 06:33

International donors and investors have pledged US$30bn to help Iraq rebuild its economy after its massive war against the Islamic State group

Voltalia to build two hydropower plants in Morocco

Voltalia to build two hydropower plants …

Sunday, 18 February 2018 06:02

Voltalia, a renewable energy producer and service provider, has obtained permits to develop two hydropower plants of 9.8MW and 7.2MW in Morocco’s Middle-Atlas region

Konecranes receives first CXT Explorer order from Johnson Arabia LLC

Konecranes receives first CXT Explorer o…

Thursday, 15 February 2018 10:44

Konecranes has received the first CXT Explorer order from Johnson Arabia LLC in Dubai to deliver one unit with two containers

Dubai launches 26 government projects under ‘Dubai 10X’ initiative

Dubai launches 26 government projects un…

Thursday, 15 February 2018 06:16

Dubai has launched 26 projects to be undertaken by 24 Dubai government entities under ‘Dubai 10X’ initiative, aiming to transform government operations and enhance their flexibility

Siemens signs MoU with Kuwait to push digital transformation

Siemens signs MoU with Kuwait to push di…

Thursday, 15 February 2018 06:00

Siemens will provide technical education for local workforce in Kuwait through Siemens Power Academy and Siemens Training for Industry Siemens has taken its knowledge-sharing commitment to Kuwait up a notch and...

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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