Exhibition time: November 18-21, 2024

Exhibition location: Saudi Arabia Dammam International Exhibition Center 

Booth: Hall 5 D17

Exhibition Introduction

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

      The venue of the exhibition, Dammam, is located on the east coast of Saudi Arabia. It is the second largest port city in Saudi Arabia and an important center of Saudi Arabia's oil industry. It consists of three cities, Dammam, Khobar and Dhahran, located on the west coast of the Persian Gulf and connected to the capital Riyadh by rail. Import and export goods in the eastern and central regions of Saudi Arabia are mainly transshipped here. Due to convenient transportation and developed economy, it has become an important trade distribution center in Saudi Arabia.

      The last Saudi (Dammam) Building Materials Exhibition (BUILDEX) attracted 140 exhibitors and 18,000 visitors. The exhibition area exceeded 10,000 square meters. The exhibition showcased products, equipment and services required for architecture and construction as well as the design, decoration and upgrading of residential, hotel, office and retail spaces.

      From November 18 to 21, 2024, the Saudi (Dammam) Building Materials Exhibition (BUILDEX) will be held at the Dammam International Exhibition Center. The exhibition is expected to attract more than 200 exhibitors and more than 20,000 visitors.

Market Introduction

      Saudi Arabia's Vision 2030 proposes strategic initiatives for the country to reduce its 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 being planned and underway, with investment in residential and commercial project construction alone expected to be around $10.7 billion. Under the Ministry of Housing's ESKAN project, the government plans to build 500,000 housing units.

      In addition, the government has allocated a budget to build 1,500,000 homes over the next five years, which will drive a surge in interior design services and renovations across the country. The Saudi Arabian construction market is currently valued at $64 billion and is expected to grow at a CAGR of 5.8% during the forecast period. The number of buildings constructed in the Kingdom will grow by 3.2% by 2022. Saudi Arabia has been the strongest market in the MENA region for four consecutive years, with the most project awards and the highest overall value. As of October 2023, Saudi Arabia has a 35% market share and won contracts worth $31 billion, compared to $87 billion for the entire MENA region.

      In order to realize Saudi Arabia's "Vision 2030" and promote the diversification of Saudi Arabia's 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, more than $1 trillion worth of projects are already underway.

      According to a new analysis, Saudi Arabia has launched projects worth more than $1 trillion since the launch of the Vision 2030 strategy, which aims to transform the country into an economic powerhouse.

      According to Knight Frank, a global real estate consulting firm, these projects include independent super cities such as NEOM, which will provide 300,000 new homes for 9 million residents. The global real estate consulting firm is currently tracking 15 giga-scale projects that are under construction 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 amazing transformation of the world's fastest-growing economy is clearly visible throughout the urban landscape, and the Kingdom's construction plan will easily make Saudi Arabia the world's largest construction site," said Faisal Durrani, head of Middle East research.

     As part of Saudi Arabia's massive transformation plan, by 2030, Saudi Arabia is expected to deliver more than 555,000 homes, 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.

     Chinese products have strong development potential in Saudi Arabia and have strong upside.

     Including $5.5 billion in new road paving, $1 billion in school additions, $4.5 billion in basic fitness center construction, $117 billion in power grid construction and expansion, and $5 billion in communications project construction.

     The Saudi government is using grand planning, abundant capital and firm confidence to maximize the role of infrastructure construction projects in boosting social economy, creating unlimited opportunities for Chinese companies to enter Saudi Arabia.

Exhibition Features

1. Immersive experience area: Let you experience the actual application effect of the product in person.

2. On-site lucky draw: Have the opportunity to win generous prizes.

3. Customer case sharing: Learn about the successful experiences of other customers.

 Contact information

If you have any questions about the exhibition or need further information, please feel free to contact us through the following methods:

Tel: [17796066200]

Email: [Julanyu@zsenaluminum.com]