Two-day Riyadh summit aimed at achieving Kingdom’s sustainable contractor sector
A new exhibition and conference dedicated to Saudi Arabia’s contracting sector is launching in Riyadh next week, where government authorities, regulators, and key industry players will join forces to develop the Kingdom’s US$ 1.4trillion construction market.
The two-day debut International Contracting Conference and Exhibition (ICCE), will take place from 16-17 September 2018 at the Riyadh International and Convention and Exhibition Centre, as achieving a sustainable contracting sector becomes top of the agenda for all stakeholders.
The two-day event is held under the patronage of HE Dr. Majid Bin Abdullah Al Qasabi, Saudi’s Minister of Commerce and Investment, and hosted by the Saudi Contractors Authority (SCA), a newly formed government authority responsible for regulating the Kingdom’s contractor industry and increasing mergers and acquisitions in a market where construction projects are expected to surge in the coming years.
According to project intelligence platform Ventures Onsite, as of September 2018, the total value of KSA construction-related projects, comprising buildings, industrial, power & water, oil & gas, and infrastructure, is estimated to be worth US$1.4trillion. Meanwhile, new KSA construction contractor awards are estimated grow to US$44.1billion in 2019, compared to 2018’s value of US$ 26.3billion.
“As part of Vision 2030, Saudi Arabia is going through immense change, and part of this change is to achieve a sustainable contracting sector for the Kingdom,” said Eng. Thabet Mubarek Al-Sawyeed, Governor, SCA.
The 1st ICCE is co-organised by Messe Frankfurt Middle East, and Saudi-based ACE Exhibitions.
The event will serve the purpose of enhancing the building and construction industry and the regulating the contracting sector for better performance in the completion of major government initiatives like the Neom City, Red Sea Project, Abraj Kudai, Qiddiya, Riyadh Metro, King Abdullah Economic City, King Abdul Aziz International Airport and Haramian High Speed Railway to name a few, according to Hadi Al-Harith, CEO, ACE Exhibitions.
