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RELATED ARTICLES: Big 5 launches Middle East Concrete expo | Arab-German business boosted at Big 5 Saudi | Big 5 Jeddah showcases Saudi construction sector
An estimated $915bn worth of construction projects are expected to be undertaken in the GCC over the next two years, with Saudi Arabia and the UAE expected to account for more than 75% of that figure, a recent study by Ventures Middle East has found.
The figures were released as the build up to November's Big 5 trade show in Dubai, and reflect the continued growth in the construction sector within the region. According the Business Monitor International, Saudi Arabia's construction sector is to grow 4% annually, from 2011 to 2015 - fuelled by a contnued spend on housing, infrastructure, education and health projects.
In February 2011, a study by Ventures found that in Abu Dhabi alone, there were an estimated $563bn worth of construction projects. The expected value of construction contracts to be awarded in 2011 will reach $39.8bn, up 12% from 2010.
As business continues to increase, the region’s building and construction industry has had continuously evolve to keep pace with the rapid changes in demand. As a result, events like the Big 5 become crucial in shaping the direction of the region's construction industry.
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A round table discussion with members of the Big 5 Platinum Club, key decision makers from the industry with budgets of over $100m, found that there was a need for knowledge sharing with a focus on products and sustainability are increasingly being sought out.
As a result, the 2011 edition of the Big 5 will see product specific seminars and green issues take centre stage. Industry experts and exhibitors will also be given dedicated arenas to showcase innovative technology and relevant applications.
In addition, there will be more than 80 free-to-attend seminars across a number of sectors. Experts from the field will lead these seminars, which will include information on key products and technologies, along with real life case studies, analyses and challenges.
Running from 14-21 November, the Big 5 will continue its support of sustainability and green building. Global politicians, CEOs and experts involved in the strategic planning and execution of sustainable processes will be presenting their own theories and experiences relating to green technologies and practices in the region.
“Feedback has shown that there needs be a strong focus on products. What is new in the market and what products can help construction processes be more efficient and sustainable. We are constantly searching for new and innovative ways to evolve and ensure the event is completely in sync with the industry,” Andy White, event director for The Big 5 2011 said in a statement.
Last year the Big 5 saw a 7% increase in visitor attendance from 45,177 visits in 2009 to 48,366 visits in 2010. Exhibitors from over 70 countries took part in the event.
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