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The Big 5 provides opportunities for business growth in Qatar's booming building sector
The latest figures reveal building construction is the number one area of construction spend across all industries in Qatar in 2011 - having risen from US$10.4bn in 2010 to US$11.8 billion in 2011. Building construction is predicted to remain the main area of strength over the next five years according to research by Ventures on behalf of The Big 5 2011.
Key areas of spend within building construction are commercial and mixed use buildings, with Ventures research revealing that the spend on mixed use buildings will total $35.5bn in the period between 2011 and 2015, accounting for 48 per cent of total building spend during this period.
Mixed used buildings will account for 43 per cent of building spend in Qatar in 2011 while commercial buildings will account for 10 per cent. By 2015 commercial building spend is predicted to remain healthy at nine per cent of total building spend, while mixed use buildings will increase to 62 per cent of overall building spend.
Exhibitors from Qatar will be showcasing their products at The Big 5 to buyers from across the Middle East and further promote the boom in the Qatari construction market.
Qatar National Aluminium Panel Company, who will be exhibiting at The Big 5 2011 pointed out the benefits of participating in The Big 5. Sales and marketing coordinator Nabeel Abdulla said; "We are participating in The Big 5 for the second time as we can market our product widely and introduce Sinco, a product which we are the only manufacturers of in the GCC. Qatar National Aluminium Panel Company's business has had a positive growth from last year and is expected to double compared to the fourth quarter of 2010. The market is looking for better designs for a number of projects lined up for the coming year 2012, this is where we can introduce our product as an Eco-friendly option. It is one of the best designer solutions for architectural needs. A perfect combination; Aluminum sheets with PE / Mineral / Metal Core for specific applications and available in standard as well as customized sizes."
Visitors from Qatar can benefit from the free product focused and educational seminars relevant to areas of growth in the Qatar construction industry. Building focused seminars include 'Energy-Efficient, LEED-Certified Aluminum Enclosures and Retractable Skylights - A Grand Alternative to Traditional Construction' presented by OpenAire and 'Adapting European Safety Regulations for Height Safety Equipment in the Middle East Markets' presented by Fall Protec.
Andy White, event director of The Big 5, said, "Qatar is experiencing significant growth in building construction, and we hope that The Big 5 2011 can consolidate this increase in spending by providing further opportunities for investment in the building sector in Qatar, as well as opening up opportunities for future investments in all areas of industry in Qatar."
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.