Saudi Arabia’s Ministry of Finance declared in a report that the real growth in the construction sector of Saudi Arabia reached 3.9 per cent in 2009 with real estate growing by 1.8 per cent.
The positive growth line has generated a diverse range of business opportunities, while fuelling demand for the latest construction technologies, building material and equipment in the country.
In addition to a wide range of commercial and residential developments, Saudi Arabia has also embarked on a diverse range of education, transportation, agriculture and other infrastructure development projects.
A total of 6,400 kilometres of road will also be constructed, adding to 35,000 km of roads currently under construction. The government has also appropriated a total of SAR 46 billion for various water, agriculture and infrastructure projects, representing an increase of 30 per cent over the previous year.
Shahid Bhatti, Project Manager of Saudi Build at Riyadh Exhibitions Company, declared that the continued growth in international participation reflects the strength and huge potential of the Saudi market, while underscoring the strategic importance of Saudi Build / Saudi Stone 2010 as a gateway for international exhibitors and visitors to explore a wide range of business opportunities in the country. This year's edition is shaping up to achieve another record participation as real estate and construction market conditions remain optimistic in Saudi Arabia. In fact, Belgium, Egypt, UK, France and Taiwan have recently added to the growing list of country pavilions at the exhibition.