Exhibition time: November 18-21, 2024 

Exhibition location: Saudi Aramco International Exhibition Center 

Period: Once a year 

Saudi Arabia (Dammam) Building Materials Exhibition (BUILDEX) is one of the leading architecture, construction and interior design events in Saudi Arabia. 

The exhibition is held in Dammam, located on the east coast of Saudi Arabia, which is the second largest port city in Saudi Arabia and an important center of the Saudi oil industry.

Composed of three cities, Dammam, Hubar and Dammam, located on the west coast of the Persian Gulf, which is connected by rail to the capital Riyadh.Import and export goods from the eastern and central regions of Saudi Arabia are mainly transported through here.Due to its convenient transportation and developed economy, it has become an important trading hub in Saudi Arabia.

The last Saudi Arabia (Dammam) Building Materials Exhibition (BUILDEX) attracted 140 exhibitors, 18,000 visitors and over 10,000 square meters of exhibition area, which displayed products, equipment and services required for the design, decoration and upgrade of buildings and construction as well as residential, hotel, office and retail space.Saudi Arabia (Dammam) Building Materials Exhibition (BUILDEX) will be held at the Dammam International Exhibition Center from November 18-21, 2024. The exhibition is expected to attract more than 200 exhibitors and more than 20,000 visitors.Saudi Arabia's Vision 2030 proposes strategic initiatives to reduce the country's dependence on oil and develop public service sectors such as infrastructure, entertainment, tourism and education. The country has $1.5 trillion worth of construction projects planned and underway, with residential and commercial projects alone expected to attract about $10.7 billion in construction investment.Under the Ministry of Housing's ESKAN program, the government plans to build 500,000 housing units. In addition, the government has allocated a budget for the construction of 1,500,000 houses over the next five years, which will lead to a surge in interior design services and renovations across the country.

Saudi Arabia's construction market, currently valued at $64 billion, is expected to grow at a CAGR of 5.8% over the forecast period.By 2022, the number of buildings built in the Kingdom will grow by 3.2%.Saudi Arabia has been the strongest market in the Middle East and North Africa for four consecutive years, with the highest number of project awards and overall value.As of October 2023, Saudi Arabia held a 35% market share, winning contracts worth $31 billion, compared to $87 billion for the entire Middle East and North Africa region.

 In order to realize Saudi Vision 2030 and promote the diversification of the Saudi economy, the Saudi Sovereign Wealth Fund (PIF) launched five mega project plans a few years ago, worth more than $1 trillion, and developed and constructed a series of sub-projects, collectively referred to as "giga projects".

 These five mega projects include: 1. Red Sea Project 2. Neom Project 3. Qiddiya Project 4. Roshn Project 5. Diriyah Project Saudi Arabia's 'Vision 2030' strategy: Over $1 trillion in projects already underwaySaudi Arabia has launched projects worth over $1 trillion since the launch of its Vision 2030 strategy, which aims to transform the country into an economic powerhouse, according to a new analysis.These projects include standalone megacities such as NEOM, which will provide 300,000 new homes for its 9 million residents, according to global real estate consulting firm Knight Frank.The global real estate consulting firm is currently tracking 15 giga-projects that are in the construction phase at various stages in the kingdom.It is estimated that the total value of real estate and infrastructure projects has exceeded $1.1 trillion since the launch of Saudi Arabia's transformation plan.The incredible transformation that is happening in the world's fastest growing economy is clearly visible throughout the urban landscape, and the Kingdom's construction plans will soon make Saudi Arabia the world's largest construction site, said Faisal Durrani, managing partner of Middle East Research. As part of the massive transformation plan, Saudi Arabia is expected to deliver more than 555,000 residential units, 275,000 hotel rooms, more than 4.3 million square meters of retail space and more than 6.1 million square meters of new office space by 2030.Chinese products have strong potential in Saudi Arabia and have strong room for growth. Including 5.5 billion dollars of new road laying, 1 billion dollars of school expansion, 4.5 billion dollars of basic fitness center construction, 117 billion dollars of power grid construction and expansion, and 5 billion dollars of communications projects.

 The Saudi government is through grand planning, strong capital, and firm confidence, giving full play to the role of infrastructure projects in driving social and economic development, which brings unlimited opportunities for Chinese enterprises to enter Saudi Arabia.