Home / Construction Events / Construction Week Jeddah 2010

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The rampant growth of the Saudi Arabian construction market over the past 5 years has been driven by ongoing infrastructure projects in major verticals, such as oil and gas, power, education, transport and telecoms. The Saudi Government continues to promote capital development projects in the areas of power, desalination, roads, railways, and economic cities, including industrial manufacturing zones. These developments offer many exciting opportunities for construction firms. Private sector projects such as commercial buildings, malls, and hotels also represent significant opportunities, as they are in line with the drive to develop infrastructure in the business and leisure sector. Four new cities; King Abdullah Economic City, Jazan Economic City, Knowledge Economic City in Madinah, and Prince Abdul Aziz Bin Mousaed Economic City in Hail, are under development, and many of these projects are record breaking. For example Jubail City is the largest ongoing civil engineering project in the world. The Kingdom has not been unaffected by the global economic crisis , however the Saudi Arabian market is still one of the world?s most promising, as industrial, energy, and infrastructure projects have continued, and are likely to accelerate as the Government ramps up spending to stimulate the industry and wider economy. Recent trends illustrate just how important the Saudi Arabian market is for the region. The Kingdom boasts the largest population and projects that dwarf those in neighbouring countries, and the relaxation of foreign investment laws has resulted in major contracts being awarded to foreign companies, and direct foreign investment is flowing into the country. These are exciting times for the industry, but there are still many challenges and issues that need to be overcome to unleash the full potential of the region. The Construction Week Jeddah Conference will bring together the most influential individuals in the Kingdom?s construction industry to discuss and debate these issues, network with their peers, and celebrate the industry?s success.