Massive investment in transforming infrastructure projects across the GCC is attracting some of the world’s biggest names in construction, according to the man behind two of the region’s leading construction events.
“More than US$193 billion in construction contracts were expected to be awarded in 2015 alone,” said Nathan Waugh, Portfolio Director at dmg events. “We are well on track to meet or even exceed this figure.”
In a report by BMI Research, Qatar offers the highest investment ratio of 17.5; the ratio is calculated by dividing total value of the construction project pipeline with total construction industry value. While the UAE is a firm favourite with global construction firms in the run up to the Expo 2020 event.
Meanwhile, the Etihad Railway and regional Gulf Railway networks top the bill in terms of projects. Contracts for the 628 kilometre Etihad Rail Stage 2 are due to be awarded in 2015 and 2016, and are part of the US$11 billion Etihad rail project.
These investments are reflected across all sectors of construction. In response to the booming regional construction market, the biggest names in the construction machinery sector will be at PMV Live this year where MAN Truck and Bus has chosen the event to celebrate its 100 year anniversary.
“This is a fantastic testament to the importance big global companies attach to events like PMV Live and the connections it helps them to create within the region,” said Waugh.
Alongside PMV Live, Middle East Concrete provides a fantastic regional platform for the concrete industry, which continues to invest heavily in sustainability and a prominent drive for efficiency and green solutions.
Waugh said: “Middle East Concrete will showcase more live demonstrations than ever before, providing the industry exclusive access to cutting-edge solutions. Allowing visitors to experience products in action will give them more options to take advantage of these booming regional markets. For example, Laticrete, a concrete company based in Ras Al Khaimah, plans to hold a live demonstration at the event of a new method of laying concrete.”
“One of the things that makes Middle East Concrete and PMV Live so popular is the fact that the events are considered to be the must attend platform for major players representing the entire industry,” said Waugh.
Note to Editors:
About Middle East Concrete and PMV Live:
Middle East Concrete is the only event dedicated to concrete in the region, and PMV Live is the most important heavy machinery event in the Middle East. The events connect professionals with leading global suppliers of high-quality heavy construction machinery, plant equipment, commercial and construction vehicles, chemicals, consultants, precast machinery, and a range of other products and services. They are held together with The Big 5 International Building & Construction Show at World Trade Centre in Dubai. In 2014, they showcased thousands of innovative and ground-breaking technologies, as well as revolutionary ideas from hundreds of exhibitors operating in over 30 countries. More than 36,000 international participants and visitors came in search for products that can save money, energy, reduce emissions, and minimise waste. Both events also provide invaluable insights and free education on the latest industry trends.
About dmg events Middle East & Asia
dmg events Middle East and Asia is a leading global exhibition and publishing company, and a wholly-owned subsidiary of Daily Mail and General Trust plc. Established in the Middle East in 1995, it is responsible for some of the region’s most prestigious events, including 40 market-leading exhibitions that cover global energy, construction, coatings, hospitality and interior design industries. Through exhibitions like ADIPEC, The Big 5, INDEX, and The Hotel Show, its reach and influence have grown in emerging markets in the Middle East, North Africa, East Africa, South East Asia, and Latin America. In all, more than 250,000 exhibitors and visitors benefit from the opportunities that dmg events Middle East and Asia create for business, networking, and professional education each year. Daily Mail and General Trust plc, is an international portfolio of digital, information, media, and events businesses listed on the London stock exchange (LON: DMGT).
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