Jeddah to host first Big 5 Saudi Arabia
Organisers brace for busy show in the heart of GCC construction market
Stand space at the first ever Big 5 Saudi Arabia building and construction show in Jeddah has sold out as organisers prepare for an exceptionally busy event.
The four-day trade show, which runs February 27 – March 2, targets architects, engineers, contractors, project managers and construction professionals with a platform for business, and a chance for buyers and sellers to meet face-to-face.
Staged in the heart of Saudi Arabia’s burgeoning construction market, the event has attracted 165 exhibitors representing 70% of those attending, from outside the country.
Andy White, the Event Director of The 'Big 5 Saudi Arabia', stressed the increasingly global dynamic being played out in the Saudi market.
He said, “Our research has shown that exhibitors who exhibit at the Big 5 Dubai are looking to develop their business in Saudi Arabia as they can clearly see the huge opportunities that exist. The interest has been far greater than expected and stand space sold out within two months of launching the event. This demonstrates the huge appetite from international manufacturers looking to move into what they perceive to be a lucrative market.”
Organisers says the Saudi government is investing $400 billion on infrastructure over the next five years, while the value of building and construction contracts from 2009-2012 is expected to exceed $138 billion. With over 70% of the population below the age of 30, six mega economic cities under development, and a 50% increase in demand for residential housing in the next three years, KSA is fertile ground for contractors in the GCC.
Jeddah is the commercial capital of Saudi Arabia and is the gateway city to the world's leading destinations in religious tourism – Mecca and Madina. It is also close to the newly created economic cities, giving Jeddah an unparalleled advantage in serving as a great hub for the construction and building industries. Projects in Jeddah include a sea port, industrial zone, waterfront resort and an education zone.