Under the Patronage of the Minister of Municipal and Rural Affairs, Eng. Abdullatif bin Abdulmalik Al Shaikh, the 29th edition of Saudi Build exhibition, the largest construction show in the Kingdom of Saudi Arabia, was inaugurated by Mayor of Riyadh Region, Eng. Ibrahim Al-Sultan, on Monday 23rd of October 2017 at the Riyadh International Convention & Exhibition Center in Riyadh.
Saudi Build Expo, will be held in line with the Saudi Stone-Tech 2017 and the International Exhibition for Construction Equipment, Plant, Machinery and Vehicles, during the period from 23-26 October 2017.
Mr. Mohammed H. Al-Hussaini, Executive Consultant, Riyadh Exhibition Company, valued the support of the Ministry of Municipal and Rural Affairs which is maintaining the growth and development of these specialized trade shows and attracting local, regional and international exhibitors to showcase the latest trends and technologies.
The show offers the specialized audience of contractors, real estate developers and business owners, latest innovations in building materials, techniques and equipment used. It also showcases other construction solutions including interior finishing, civil engineering techniques, concrete and steel, stone, marble and ceramics, bathrooms, porcelain and tiles, security systems and eco-friendly construction solutions and others.
Mr. Mohammed H. Al-Hussaini added that the huge participation of exhibitors reflects a positive image on the construction sector in Saudi Arabia, its size and the opportunities available.
A recent study revealed that the Saudi construction sector accounts for 39% of the GCC Construction sectors combined; contributes 6-7% to the GDP, and is valued at around SR 350 billion Riyals, with assets worth SR 53.3 billion. This sector employs 300 thousand Saudis, among which are 35 thousand Saudi Engineers
The study also revealed that the sector includes 243,000 contracting companies, representing 27% of all registered companies in the Kingdom of Saudi Arabia; among which are 173,000 small companies and enterprises, 54,000 small companies, 14,000 Medium companies and 242 major companies.
According to this study, the Kingdom has spent over SR 4 trillion on construction projects in the past 10 years which confirms the importance of Saudi Build Expo, the largest and the only UFI accredited construction exhibition in the Kingdom of Saudi Arabia
It is worth mentioning that Saudi Build Exhibition is organized by Riyadh Exhibitions Co. Ltd. (REC), the Saudi company specialized in organizing exhibitions, conferences and other trade events in 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.