Saudi Arabia’s Construction Industry Is Set To Grow 

by Biz Com For PRoactive communication Tuesday, May 03, 2011
Saudi Arabia’s residential building construction is set to grow at a CAGR of 7.2% during 2011-2015

With over US$ 283.8 billion (SAR 1064.14 billion) worth of new construction projects in the pipeline, the Saudi
Arabian construction industry is set on a firm growth path. This has sparked renewed interest in the building materials
industry which is vital to feed this projected surge. Market report states that residential building construction has been the fastest growing segment in Saudi Arabia’s construction market. It is set to grow at a CAGR of 7.2 % during 2011-2015.

Building materials form an important segment of Hardware+Tools Middle East, the leading trade show that is at the pulse of the hardware, tools, machinery and building materials industries in the region.

“The construction industry is the primary engine that drives growth in the market for building material and related
products,” said Ahmed Pauwels, Chief Executive Officer of German trade fair organiser Epoc Messe Frankfurt. “More
recent growth projections have sparked renewed interest in this sector, with international suppliers and
manufacturers increasingly interested in Hardware+Tools Middle East as the medium to engage with the emerging
markets of this region,” he added.

Recent reports indicate that spending in the construction sector in the Middle East and North Africa region is set to be approximately $4.3 trillion (SAR 16.12 trillion) over the next decade, representing a growth of nearly 80 %. This outpaces the global growth estimate of 67 per cent over the same period.*

Regionally, growth in the sector will continue to be driven by huge ongoing and future investments in public
infrastructure, including new developments in airports, seaports, industrial and trade free zones and in various
public amenities. Large-scale international events, will play a big part in driving fresh growth in the regional
construction industry.

Hardware+Tools Middle East will be held at the Dubai International Convention and Exhibition Centre from May 10th to 12th, 2011. The leading trade and networking event of its kind in the region will feature the latest products and trends in the industry across the hardware, tools, machinery and building materials sectors.

The event will be co-located with Garden+Landscaping Middle East, a trade exhibition for the garden, landscaping and outdoor living industries. The trade fair will feature a range of garden machinery, tools, furniture, water features, pond
accessories and fertilizers right through to swimming pools, landscaping and irrigation systems.


* Global Construction Industry – Price Waterhouse Coopers
For more information, please contact:
BIZ COM - For PRoactive Communications
P.O. Box 48889; Dubai - UAE
T: +971 4 332-0888
F: +971 4 332-0999

General | Categories: construction
Read More Press Releases

Koincable Introduces Four Customizable HDMI Cables

SKS Ispat& Power Ltd commissions first 300-MW power unit of their 1,200-MW RaigarhPower Plant

How a Bodybuilding Diet Can Help Build Muscle Naturally

Low Carb Diet Report Casts Light On New Research Findings

Increase in the number of student visa is trending nowadays

Wiwigo Technologies: First of its kind selfie campaign takes place in moving Delhi-Chandigarh Shatabdi

An important day in real estate sector

Leonard Kim to Appear on Critical Mass Radio Show

Nishan Kohli's recent exhibition on photography

CIMR-PU Esteemed Globally—SAARC DESIMGOW Moderator at NPA Venerated for High Contour-profiles.

Get press releases by email