The Kingdom of Saudi Arabia is keen on implementing the concept of sustainability in all aspects of social and economic life, particularly construction. Hence, it is witnessing a growing development in the implementation of environmentally friendly technologies in the construction sector, which is one of the most important sectors in the Kingdom and ranked second following the oil sector. The contribution of this sector in the gross domestic product (GDP) of Saudi was about 163 billion Riyals in 2015, according to official statistics issued by the General Authority for Statistics in the year 2015.
It is expected that this sector will continue to grow due to its enormous potential, owing to the ongoing developmental projects in the Kingdom. According to the national program, the private sector will raise its contribution in the GDP to 65% by 2030.
In light of the remarkable development of the global construction and building industries and the trending concept of sustainable architecture and buildings in addition to rationalization of energy consumption, the Kingdom has signed a global partnership to develop 1.5 million residential units using 3D printing technology.
The cost of this project will amount to $ 1.45 billion dollars, which reduces about 30% of the construction waste and 50% of labor force, and decreases the total cost of construction. It comes in line with the ministry’s program launched in January 2017 that aims to develop the residential sector using the latest construction technology.
The Saudi Build Exhibition plays an active role in attracting such global investments and increasing activities that contribute in developing the construction and building sector in the Kingdom. For 29 years, the exhibition that represents the ideal platform that brings together thousands of manufacturers, suppliers and specialists from around the world, has brought the latest construction technologies and the best investment opportunities in the construction and real estate development to the kingdom.
Saudi Build is preparing to launch its 29th edition, in continuation of its success journey. This edition will highlight more investment opportunities within the Kingdom and support the building and construction sector in increasing its contribution in the national GDP while showcasing the latest developments in the global construction sector.
In this context, Mr. Khalid Almadar, Director of Sales and Marketing of REC, said: “The construction sector in Saudi Arabia is considered one of the largest and fastest growing sectors in the region. It has great potential for growth, which is reflected in the Saudi Build Exhibition’s high number of participation.” He added: “Saudi Build Exhibition is the only construction exhibition approved by UFI in Saudi Arabia, that provides huge opportunities for the construction specialists to take part in the major infrastructure projects in the Kingdom and to preview the latest innovations and technologies.”
Riyadh Exhibitions Co. Ltd. (REC), is a Saudi company specialized in organizing local & international exhibitions, conferences and other trade events. The company caters to several activities for various economic sectors. Throughout its 36 years, REC has organized more than 440 unique and successful shows and conferences renowned for their innovation, professionalism and attention to details. REC boasts an international presence, supported by over 120 commercial & industrial bodies from more than 50 countries. Regionally, REC dominates with its wide range of events programs, serving 20 economic and financial sectors in the Middle East. REC’s leading events are certified by UFI.