BUILDEX 2010 ends on high note as regional & international participants affirm strong interest in Syrian construction & investment sectors

Published May 24th, 2010 - 08:37 GMT

The 16th edition of BUILDEX, the International Exhibition for Construction, drew to a close recently at the Damascus International Fairgrounds, Syria. The event welcomed 759 companies representing 1,288 brands and covered 57 Arab and international countries. It gathered visitors from diverse nationalities and specialties to several business meetings and activities during its five-day run. The exhibition highlighted the latest building and construction technologies and materials, covering areas such as air conditioning, cooling and ventilation equipment, water and environment, stone, marble and paints, insulation materials, and security, safety and lighting systems. It also focused on prospects in local development aimed at meeting growing demand for commercial and residential buildings in Syria. 

BUILDEX 2010 received numerous officials and local and international commercial and special delegations. Mr. Abdullah Al Dardari, Deputy Prime Minister for Economic Affairs of Syria, toured the exhibition stands and exchanged views regarding Syria’s construction sector and effective development strategies. The Minister of Petroleum & Mineral Resources, Syria, the General Manager of Military Housing Establishment in Syria, the Syrian Minister of Local Administration, and representatives from Syria’s various contracting and engineering firms were also present.

Industry heads and delegates from the chambers of commerce of Turkey and Italy were likewise on hand. Other attendees included representatives from Taiwan Trade Center in Dubai; delegates from the Iraqi Ministry of Housing and Construction and Jordan Engineers Association; the National President of the General Association of Algerian Contractors and the Manager of the National Federation of Building and Construction Contractors representing more than 52 Algerian contractors; in addition to commercial delegations from Kuwait, the Kingdom of Saudi Arabia, the UAE, Bahrain, Turkey, China, and Sudan, among others.

This year’s edition of BUILDEX set new records in volume of participation as well as in terms of the size of the total exhibition area. The strong figures affirm the positive stature of the exhibition and its role in the development of the building and construction sector in Syria and the region. They also reflect the improving state of the regional economy following the repercussions of the global economic crisis. BUILDEX 2010 highlighted the growing interest in the Syrian building materials sector among leading international companies and their intent on using BUILDEX to enter the Arab region in light of the robust investment atmosphere being maintained in Syria.

A number of fruitful activities were held during the exhibition, such as the finalization and signing a contract for building “Syria Mall” in Homs and important business meetings held between participants and visiting businessmen.

Alaa Hilal, CEO of Arabian Group, said: “Syria is currently implementing a comprehensive development policy and overhauling its building, investment, real estate, tourism, and housing sectors. The significant number of agreements signed with Arab countries has the potential to spur vast economic growth and facilitate substantial investments. It has also influenced the decision among many major international companies to penetrate the market with diverse investments in fields such as tourism, real estate, and the industrial sectors.”

“This is what makes BUILDEX a very important event. The exhibition provides the best platform for companies to capitalize on the active and promising Syrian market, specifically by facilitating productive interaction between suppliers, manufacturers, engineers, consultants, and decision makers from around the globe,” added Hilal.

Syria’s real estate sector has grown impressively over the past few years due to the implementation of many reforms that have opened up doors for greater participation from private and foreign real estate companies. Many major projects are currently being undertaken under joint ventures between Syrian investors and their Arab and international counterparts. The local real estate industry is expected to maximize growth during the subsiding of the recession, which in turn will boost demand for advanced building and construction materials and technologies.

 


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