Saudi construction sector poised for growth as SR 487.5 billion allocated for housing and infrastructure development

Riyadh – October 23, 2013: With the recent announcement of the Saudi Government to allocate a social benefit package of SR 487.5 billion for the development of housing, infrastructure and transport in the Kingdom of Saudi Arabia, the construction sector is set to see a surge driven by increasing private and public investments. The government has earmarked a total of SR 247.5 billion for housing development and SR 61.875 billion for transport expansion while an estimated SR 7.5 billion has been allocated to road projects under construction. Moreover, the General Authority of the Civil Aviation of Saudi Arabia has set aside a fund of SR 2497.5 million for construction of 34 airports across the Kingdom in the next five years and a budget of SR 101.25 billion has been approved for the rail projects that are either underway or at the bidding phase.

Celebrating its silver jubilee as the region's premier construction show, Saudi Build 2013 - the 25th international construction technology and building materials trade exhibition – will be a perfect gateway to explore the lucrative Saudi construction sector as the exhibitors display latest technologies, machineries and equipment as well as offer complete business solutions to real estate agents, contractors and developers. The 25th edition of Saudi Arabia's largest business-to-business construction fair will run from November 4 to 7, 2013, at the Riyadh International Convention and Exhibition Centre.

Zeyad Al Rukban, Deputy General Manager, Riyadh Exhibitions Company, the organizers of Saudi Build, said, “Since its inception a quarter of a century ago, Saudi Build has been the foremost construction show in the region offering a platform to both exhibitors and visitors to leverage business opportunities in the region. The 2013 edition will proudly mark 25 years of continuous success of the show along with the record growth achieved during the recent years. This year's event promises to be a special celebration as Saudi Build continues to enjoy a strong local, regional and global following, attracting high-profile personalities, decision makers, trade missions and key government officials from all over the world.”

Saudi Build 2013 will witness strong local and foreign participation from 28 countries. It is the only construction trade show in Saudi Arabia accredited by UFI, the Global Association of the Exhibition Industry. Supported by diamond sponsor Rajhi Steel, Saudi Build 2013 will showcase the latest products and services related to Building Materials and Equipment, Architectural Finishing Products, Stone, Marble and Granite Products, Construction Tools and Technology, Engineering Services, Infrastructure Materials, and Security and Safety Systems, among others.

Saudi Build 2013 will host two concurrent events: Saudi Build PMV 2013 – The 3rd International Exhibition for Construction Equipment, Plant, Machinery and Vehicle; and Saudi Stone-Tech – The 15th International Stone and Stone Technology & Machinery Exhibition.