Saudi Arabia launches event to boost construction sector next week

Riyadh – Mubasher: The Saudi Contractors Authority (SCA) has said it will organise the first International Contracting Conference and Exhibition (ICCE) during the coming week at the Riyadh International and Convention and Exhibition Centre.

Through the two-day event, ICCE aims to provide job opportunities, solve market challenges, boost communications, and encourage creativity in the kingdom’s construction sector which is currently valued at $1.4 trillion.

This exhibition, which runs from 16 to 17 September, also aims to enhance the sector's standards by ensuring that there is a strong business environment.

“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,” SCA’s governor Thabet Mubarek Al-Sawyeed said.

Saudi authorities launched SCA to raise the number of mergers and acquisitions in the sector, particularly amid forecasts that investments in the construction sector would rise in the coming years.

The ICCE, which is the first event in what is expected to be a series, is co-organised by Messe Frankfurt Middle East and Saudi-based ACE Exhibitions.

“The Saudi Arabian construction sector is undergoing a massive transformation, with the likes of Neom Business City and The Red Sea Project [which are] just a couple of examples of major building projects being planned at the moment,” Messe Frankfurt Middle East’s CEO Ahmed Pauwels stated.

The event will also see announcements of updates in several of the kingdom’s megaprojects, a statement by the ICCE showed.

Mubasher Contribution Time: 11-Sep-2018 11:44 (GMT)
Mubasher Last Update Time: 11-Sep-2018 11:44 (GMT)