Saudi private sector to invest US$150 billion in real estate projects until 2012
Private sector investments for various real estate projects in Saudi Arabia will reach an estimated USD 150 billion until 2012, creating new and exciting business opportunities in the lucrative construction machinery market, which is accordingly poised to expand by 20 per cent over the next five years. Heavy construction machinery and equipment will likewise be in high demand to support construction projects initiated by the Saudi Government, which has allocated up to USD 400 billion in the next five years to build a diverse range of education, healthcare, infrastructure, transport and communications facilities.
Saudi Build – The PMV Series 2010, the leading international exhibition for construction equipment, plant, machinery and vehicles, has been organised to serve as a favourable business-to-business platform for suppliers and trade buyers to discuss new projects and identify gainful business opportunities in Saudi Arabia, the largest construction market in the Middle East.
Scheduled for October 18 to 21 / Dhu-al-Qa'dah 10 to 13 1431 (H) at the newly completed Riyadh International Convention & Exhibition Centre, Saudi Build – The PMV Series 2010 will showcase an expanded range of products and services from leading manufacturers worldwide to cater to new and evolving requirements of the Saudi construction sector, which has been projected to grow at a rate of 7 per cent per year.
Kamil Al Jawhari, Project Manager of Saudi Build – The PMV Series at Riyadh Exhibitions Company, said: "Saudi Arabia's construction sector has remained buoyant and lucrative, which is why Saudi Build – The PMV Series continues to attract decision-makers and investors from the global construction industry. Being the premier industry event in Saudi Arabia and the rest of the Middle East region, Saudi Build – The PMV Series offers the perfect platform for exhibitors to gain crucial brand exposure and secure business contacts and exciting deals and investment opportunities in Saudi and the Middle East. With Saudi public sector officials, as well as diplomats, and high-power VIPs in attendance, the show will create the kind of atmosphere that will help drive the construction machinery and equipment business forward."
Saudi Build – The PMV Series 2010 will showcase a premium selection of heavy construction machinery and equipment, including tracked dozers, wheeled dozers, graders and levellers, front end shovel loaders and excavators, which are among the most in demand construction equipment in Saudi Arabia. International and local trade visitors and hundreds of exhibiting companies from Europe, Africa, Middle East and Asia have already confirmed participation at the event.
Saudi Build – The PMV Series 2010 will be held concurrently with Saudi Build 2010 & Saudi Stone-Tech 2010, the premier business-to-business platform for the Saudi construction and stone market. The collocated exhibitions will feature dedicated indoor and outdoor exhibition areas as well as a total of 42 country pavilions.
Saudi Build is the only construction trade show in Saudi Arabia accredited by UFI, the Global Association of the Exhibition Industry. UFI certification is only granted to high-end professional events and experienced organisers with a distinguished record of attracting top-quality international exhibitors and select professional visitors.