Construction boom to drive KSA heavy equipment growth
Organiser of Construction Machinery Show 2013, being held April 14 – 17, predicts surge in interest as machinery demand grows rapidly
The Construction Machinery Show will take place from 14-17 April.
The construction boom in Saudi Arabia is set to see a surge in the hiring and use of heavy machinery in the Kingdom, the organiser of the GCC’s largest dedicated event for heavy machinery and construction equipment has said.
The Construction Machinery Show is set to run from 14-17 April, 2013 and early estimates have shown that the show is attracting a lot of attention from players in the Kingdom’s construction and machinery market.
Fuelled by the Saudi Arabia government’s drive for infrastructure, residential and commercial development, the construction market in the Kingdom is set to grow rapidly over the coming years.
A report by National Commercial Bank has found that the country’s non-oil sector is set to remain above the 7% in 2013. The main private sector growth was in construction, manufacturing, and the retail, with 10.3 percent, 8.3 percent and 8.3 percent annual growth, respectively, in 2012, the bank added.
“The Kingdom’s construction market is booming and creating unprecedented opportunities for the country’s contractor’s and the 2013 show is the ideal platform to showcase the widest possible range of technology available in the market,” said Raz Islam, publishing director of CPI Media Group, the organiser of the event.
He added: “Participants and delegates at the event will gain first-hand experience of new equipment and discover new ways to make their businesses more effective and profitable.”
Major players in the KSA construction and Machinery industry such as Saudi Diesel Equipment, Liugong (Al Qahtani), Hyundai, T S Shrqawi, Sany (Al Areedah), Peax, Zoomlion and Al Jomaih Co, are all set to display the latest heavy machinery and construction equipment during the four day event which attracts the top tier local and regional businesses that are related to this growing field in the KSA market.
“We are currently working towards fine tuning the participation of a host of companies for the event which will feature the very latest technology. This event is considered by many players in this market from manufacturers to construction companies, engineers, developers and construction experts as the showcase event for machinery and equipment suited to the Saudi market which is the largest market of its kind in the region,” said Islam.
