KSA Business: Saudi Arabia set for major building expo; eyes 550 global firms – Gulf Digital News

KSA Business: Saudi Arabia set for major building expo; eyes 550 global firms – Gulf Digital News

Leading global construction technology and building materials experts will be in Riyadh next week to take part in the 32nd edition of Saudi Build International Exhibition and its co-located events - 23rd Saudi Elenex Exhibition, which specialises in electricity and renewable energy, the Saudi Stone and Marble Exhibition, and the Saudi Heavy Equipment Exhibition.

The expo, which kicks off on November 14, will run for the next three days at the Riyadh International Convention and Exhibition Centre.

It comes at a time when the Saudi real estate sector is witnessing an unprecedented surge in construction and giant urban projects that will reshape the future of the kingdom and the region, said the event organisers.

The mega projects funded by the Public Investment Fund (PIF), Royal Commissions, related ministries, as well as the private sector, are creating opportunities worth more than SR4.87 trillion ($1.32 trillion).

Housing projects by public and private sectors also see a large-scale boom to help bridge the gap between housing supply and demand, providing an opportunity for the building sector companies valued at over SR3.75 billion, they stated.

The impressive growth of this sector has attracted more than 550 companies from 43 countries from the kingdom and around the world for the