13 August 2013
DAMMAM - The City of Dammam, the industrial hub of Saudi Arabia, will host the 2014 edition of the largest heavy equipment exhibition across the GCC region when the Construction Machinery Show opens its doors to traders and the public on Feb. 16-20, 2014.
The show will be dedicated to the construction machinery sector and will provide an invaluable platform for customers in the region bringing together manufacturers, distributors and buyers.
The Kingdom's strong construction market is being driven by government spending and high oil prices, according to a recent Global Investment House report.
For 2013, the Kingdom budgeted $219 billion for spending, up by 18.8 percent, year-on-year, from 2012. Out of this, almost $76 billion has been set aside for capital expenditure on investment projects, the report added.
Raz Islam, Publishing Director at CPI Media Group the organizers of the event, said: "In 2014, the Construction Machinery Show is teaming up with leading Saudi exhibition organizer, Dhahran International Exhibitions Center (DIEC). The show will run in conjunction with BUILDEX, the 16th Saudi International Building & Construction Exhibition. Both events will attract worldwide industry experts, investors and buyers to the largest trade show in the Eastern Province."
Dammam has been selected as the new location for the Construction Machinery Show 2014, for its relevance to heavy construction and machinery equipment.
"Dammam is considered the industrial hub of the Kingdom of Saudi Arabia and a major entry point into the booming market. It is also the center of the oil and gas industry with nearby Al Ghawar which is home to the world's largest conventional oil field. Much of this wealth is being reinvested into infrastructure and construction, making it the ideal location for 2014," Raz pointed out.
He noted that the 2014 event will feature a new section dedicated to "live demonstrations" of heavy equipment and construction machinery.
"The 2014 show will host over 10,000 sqm of live demonstrations of the various construction and heavy equipment on display. This section will enable our trade visitors, buyers, suppliers and dealers to examine the various capabilities of the equipment on display and learn more information about their use, abilities and the way these machines can contribute to the success of their business operation," Raz said.
The Construction Machinery Show's success is also a true reflection of the constant growth of the construction market in the Kingdom of Saudi Arabia which is the largest construction market in the Middle East with multibillion dollar projects currently under construction covering many industries from hospitals and medical facilities to universities, residential and industrial cities as well as infrastructure projects, all due for completion within the coming 10 years.
The total value of ongoing projects in the GCC region currently stands at $2,620 billion, with the Saudi Arabia accounting for $875 billion.
"The Kingdom remains focused on investing in road, railway, power and housing projects. Moreover, the introduction of a new mortgage law is expected to contribute to the growth of the residential sector in the coming quarters," said Faisal Hasan, CFA and researcher for the report.
The show will see the participation of specialized companies in the field of construction and machinery including cranes, mobile cranes, tower cranes, graders, loaders, compressors, crushers, fork lifts, skid steers, piling rigs, excavators, access platforms, bulldozers, concrete pumps, cement mixers, grabs, trucks, material handling equipment, front shovels, cherry pickers, rollers, communication & navigation systems and more.
DAMMAM - The City of Dammam, the industrial hub of Saudi Arabia, will host the 2014 edition of the largest heavy equipment exhibition across the GCC region when the Construction Machinery Show opens its doors to traders and the public on Feb. 16-20, 2014.
The show will be dedicated to the construction machinery sector and will provide an invaluable platform for customers in the region bringing together manufacturers, distributors and buyers.
The Kingdom's strong construction market is being driven by government spending and high oil prices, according to a recent Global Investment House report.
For 2013, the Kingdom budgeted $219 billion for spending, up by 18.8 percent, year-on-year, from 2012. Out of this, almost $76 billion has been set aside for capital expenditure on investment projects, the report added.
Raz Islam, Publishing Director at CPI Media Group the organizers of the event, said: "In 2014, the Construction Machinery Show is teaming up with leading Saudi exhibition organizer, Dhahran International Exhibitions Center (DIEC). The show will run in conjunction with BUILDEX, the 16th Saudi International Building & Construction Exhibition. Both events will attract worldwide industry experts, investors and buyers to the largest trade show in the Eastern Province."
Dammam has been selected as the new location for the Construction Machinery Show 2014, for its relevance to heavy construction and machinery equipment.
"Dammam is considered the industrial hub of the Kingdom of Saudi Arabia and a major entry point into the booming market. It is also the center of the oil and gas industry with nearby Al Ghawar which is home to the world's largest conventional oil field. Much of this wealth is being reinvested into infrastructure and construction, making it the ideal location for 2014," Raz pointed out.
He noted that the 2014 event will feature a new section dedicated to "live demonstrations" of heavy equipment and construction machinery.
"The 2014 show will host over 10,000 sqm of live demonstrations of the various construction and heavy equipment on display. This section will enable our trade visitors, buyers, suppliers and dealers to examine the various capabilities of the equipment on display and learn more information about their use, abilities and the way these machines can contribute to the success of their business operation," Raz said.
The Construction Machinery Show's success is also a true reflection of the constant growth of the construction market in the Kingdom of Saudi Arabia which is the largest construction market in the Middle East with multibillion dollar projects currently under construction covering many industries from hospitals and medical facilities to universities, residential and industrial cities as well as infrastructure projects, all due for completion within the coming 10 years.
The total value of ongoing projects in the GCC region currently stands at $2,620 billion, with the Saudi Arabia accounting for $875 billion.
"The Kingdom remains focused on investing in road, railway, power and housing projects. Moreover, the introduction of a new mortgage law is expected to contribute to the growth of the residential sector in the coming quarters," said Faisal Hasan, CFA and researcher for the report.
The show will see the participation of specialized companies in the field of construction and machinery including cranes, mobile cranes, tower cranes, graders, loaders, compressors, crushers, fork lifts, skid steers, piling rigs, excavators, access platforms, bulldozers, concrete pumps, cement mixers, grabs, trucks, material handling equipment, front shovels, cherry pickers, rollers, communication & navigation systems and more.
© The Saudi Gazette 2013
