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The 34th edition of the Saudi Build event kicked off yesterday (November 4) in Riyadh featuring over 600 leading global and regional industry players who are showcasing the latest advancements in construction materials, interior designs and finishings. It is being held alongside the 25th edition of Saudi Elenex.
It was officially inaugurated by Ihab bin Ghazi Al Hashani, the Deputy Minister of Municipal Rural Affairs and Housing in the presence of Prince Saud bin Turki bin Faisal bin Abdulaziz Al Saud, Chairman of Riyadh Exhibitions Company, as well as other senior officials.
These events covers a wide range of sectors, including construction materials and technologies, interior designs and finishings, stone technology, aluminium, doors, facades, glass and windows, plant, heavy machinery and vehicles as well as lighting and fittings in addition to electricity and alternative energy, and water technologies, said the organiser Riyadh Exhibitions Company (REC).
The exhibition that has been running for 34 years and concurrent conference serve the national economic priorities of the kingdom, focusing on the latest innovations and technologies to create a sustainable future.
This international event has attracted over 600 companies and organisations from the Kingdom and from 30 countries. 25,000 professionals are expected to visit.
The event is being held at a time when the International Monetary Fund’s (IMF) World Economic Outlook report is projecting a GDP growth rate of 4.7% for the Saudi Arabian economy in 2025.
This points to a rapid expansion in the economy that will outpace the global growth average in 2025. A leading high growth sector contributing to this exceptional expansion is the construction sector, said the oragnisers, citing the IMF data.
The world-leading sector is driven by multiple projects in the industry’s pipeline amounting to $1.7 trillion. As the leader in the Middle East and North Africa’s construction index, the size of the sector is projected to reach $70.33 billion in 2024, it added.-TradeArabia News Service