KSA construction valued USD495bn

The Saudi construction market, the most valuable market in the GCC at present, is valued at $495 billion, including projects currently under way and those confirmed and in pre-execution stage.
Local companies, including Saudi Basic Industries Corporation (SABIC), Saudi Pipes Company and Saudi Export Development Authority, will be taking advantage of the opportunity to showcase the latest innovations and technologies to the regional and international audience at the Big 5 2013.
“The construction industry in Saudi Arabia has been one of increasing significance for several years,” said Andy White, group event director of the Big 5. “We see interest from Saudi companies looking to highlight local market expertise and experience, as well as interest in Saudi market opportunities and expanding business in the Kingdom. This has been a country whose presence has grown year-on-year at the event, and as the highest recipient of FDI in the region over the past 20 years, and with six economic cities, transport, power and oil and gas facilities currently under construction, we expect this trend will continue.”
The Big 5 will take place from Nov. 25-28 at the Dubai World Trade Centre, Dubai, with Middle East Concrete and PMV Live, showcasing the latest from the concrete, plant, machinery and vehicle industries.