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Buildex attracts global investors amid Saudi construction boomJEDDAH, Feb 04, 2012 (Arab News - McClatchy-Tribune Information Services via COMTEX) -- Buildex 2012 -- the 14th Saudi International Building & Construction Exhibition, continues to provide the ultimate platform for companies to showcase their products, service and expertise. Past editions have seen more than 20,000 visitors benefit from the knowledge and products provided by an extensive group of over 215 international exhibitors. Saudi Arabia offers an extremely exciting opportunity for investors in all sectors. However, given the rapid pace at which the building and construction market is expanding, it is a particularly promising sector. Saudi Arabia is considered to be the largest construction market in the Middle East, and is also one of the fastest growing markets in the world. Driven by multibillion dollar spending, which comes from both the private and public sectors, it is a market, which provides remarkable opportunities. The Kingdom's rapid population expansion raises high expectations for quality and technically advanced houses, offices, hospitals, school and universities. Theses expectations are driving the boom in Saudi Arabia's building sector. With the launch of a number of a number of mega projects over the next few years, coupled with the expansion plans for existing projects, exceptional growth in Saudi Arabia's building and construction sector is certain. More than 1.7 million jobs are estimated to be created through Saudi's mega projects. The key market factors, which are driving this impressive growth, and creating opportunities are: --High population growth --Low interest financing --New mortgage law --Strong economic performance showing economic stability despite the global financial crisis --Increased demand by foreign investors Organizers said the companies should reserve their places early to join industry representatives including those from Bahrain, Turkey, Taiwan, Pakistan, UAE, Saudi Arabia, UK, Lebanon and Thailand. The Eastern Province of Saudi Arabia generates 60 percent of the Kingdom's total GDP, making it the second-largest economy in the Middle East, as well as the region's undisputed industrial capital. Attending Buildex in Dammam ensures immediate access to the Kingdom's key players in the building and construction sector. The opportunities Saudi Arabia offers to international investors are tremendous and enhanced by the strong demographics. Entrance to the 14th Buildex Exhibition is free of charge. Visitors can register online at the visitor registration page and collect their entrance badge at the visitors' registration desk at the entrance of the Exhibition Hall Mega projects in the building and construction sector, which have been announced and currently under way are: --Saudi Aramco Yanbu Export Refinery Project -- Eastern Province Area: 5.2 million square meters Investment Size: $10 billion --Jubail Industrial City -- Eastern Province Area: 150 million square meters Investment size: $3.8 billion --King Abdullah Economic City -- Rabigh Area: 168 million square meters Investment size: $27 billion --Knowledge Economic City -- Medina Area: 4.8 million square meters Investment size: $7 billion --Jazan Economic City -- Jazan Area: 100 million square meters Investment size: $27 billion Companies can maximize their impact at Buildex by taking advantage of the many exhibition and sponsorship opportunities available to them. Organizers are ready to discuss the best options for the companies and prepare a specific proposal to fit their business. More information about exhibition opportunities and general inquiries are available at www.saudibuildex.com ___ (c)2012 the Arab News (Jeddah, Saudi Arabia) Visit the Arab News (Jeddah, Saudi Arabia) at www.arabnews.com Distributed by MCT Information Services |