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STONE & SURFACE SAUDI, 21-23 April 2019

STONE & SURFACE SAUDI, 21-23 April 2019, Logo

THE KINGDOM’S PREMIER EVENT FOR THE STONE AND SURFACE DESIGN INDUSTRY

JEDDAH CENTRE FOR FORUMS AND EVENTS

The Saudi Arabian infrastructure sector is growing, with Saudi Arabia accounting for 51% of the GCC’s total infrastructure projects. As per a report from ProTenders, Saudi Arabia’s active infrastructure sector across the planning, design, tender and construction phase is valued at US$585.3bn resulting in an increase in demand for natural stone and fit out materials over the next couple of years.
The exhibition is the meeting place for key buyers and decision makers including architects, contractors, consultants and engineers who are actively working on these projects.

Stone & Surface Saudi 2018

Stone & Surface Saudi 2018 concluded a successful three days of busy networking featuring 250+ brands from 12 countries. The show welcomed over 5,200 architects, designers, contractors, consultants, distributors, retailers, exporters/importers, and other industry professionals coming from key cities of Saudi Arabia and neighbouring countries in the GCC.
The 2018 edition welcomed over 6,636 participants – 90% of whom were decision makers and had a high purchasing authority from companies like Al Bawani Construction, Jeddah Municipality, EMECO, Holy City Municipality and many more.
The inaugural conference welcomed over 740+ attendees across three days of CPD-Accredited workshops and presentations, led by a diverse range of industry speakers including: H. E. Faisal AlFadl, Secretary General of the Saudi Green Building Forum; Ibrahim Albuloushi, the new Country Head for KSA at JLL and Hisham Haridy, Co-Founder of Knowledge Valley for Management and Consultation Services. These experts delivered a lively and interactive educational programme concentrated on stone demand and usage analysis in the Kingdom; it has a likely role in the future sustainable development and best practice project management and material procurement in major construction projects.

SECTORS

Stone & Surface Saudi 2019 is the gateway to a wide variety of top-of-the-line products and services for the Kingdom’s construction and fit-out industry.
From the latest design and innovation in products and technologies to cutting-edge applications and industry best practices, Stone & Surface Saudi offers something for everyone in the following categories:
•    Stone, marble and ceramics.
•    Wall covering and wood flooring.
•    Exterior and interior surface materials.
•    Textile covering (wall to wall) section.
•    Abrasives, adhesives, coatings.
•    Machinery, tool and equipment.
•    Composite, resilient flooring.
•    Decorative paints.

VENUE

Jeddah Centre for Forums and Events

ORGANIZERS

dmg events logo

dmg events is an organiser of face-to-face events and a publisher of trade magazines for the international Construction, Energy, Coatings, Transport, Hospitality & Design industries.

SAUDI ARABIA IS A MULTI-BILLION DOLLAR MARKET FOR STONES

SAUDI ARABIA IS A MULTI-BILLION DOLLAR MARKET FOR STONES

Saudi Arabia currently represents the biggest potential in the Middle East, with capital projects worth more than $1.2 trillion in the pre-execution stage, compared to $713 billion in the U.A.E., $578 billion in Egypt and $215 billion in Kuwait. Saudi’s Public Investment Fund is taking a leading role in delivering Vision 2030 for the Kingdom. Large-scale infrastructure projects outside the oil and gas sector are being planned and will have a substantial impact on the construction awards.
If we look at the value of contracts awarded in 2018 to date, awards in Saudi Arabia are lower than the value of projects awarded to date in the U.A.E., which amount to $20.7 billion. Saudi Arabia is actively seeking to improve its rail, airport, port and other transport-related infrastructure, as well as increase residential supply, healthcare and leisure facilities driven by the development of major mixed-use compounds such as Neom, The Red Sea Project, The Qiddiya Entertainment City and Maritime city among others.
The demand for high-quality stone and fit-out materials in the Kingdom is fueled by the active construction projects including some notable mega projects in the country like Al Ruwais Redevelopment valued at USD 13.3 billion, Al Faisalya City valued at USD 25 billion, Jeddah Metro valued at USD 8.5 billion and, many more.
Many of the mega construction projects require millions of tons of stone provided by both domestic and international suppliers.

KEY MARKET STATS AND GROWTH DRIVERS

•    The US$ 500 Bn. NEOM city is 26,500 square kilometers zone is one of Saudi Arabia’s mega-projects that it hopes will bring in billions from foreign investors. The ambitious 26,500 square kilometer business zone will link Saudi Arabia, Egypt and Jordan and is envisaged as a futuristic hub for both industry and citizens. It aims to embrace digital technologies and services to make the city a major commercial location in the Middle East. Phase 1 of the project is expected to be completed by 2025.
•    According to market analysts Ventures Onsite, the value of contracts awarded in 2018 is forecast to be worth US$40.06billion, up from US$34.15 billion in 2017. The rapid growth in spending across the vital infrastructure sectors – residential, commercial, transport, sports and recreational facilities, hospitality and tourism, healthcare, education facilities and industrial projects – will drive future demand for high-quality stone and fit-out materials
•    Several key market drivers will support the long-term growth of construction activities in Saudi Arabia. The most notable drivers are the rise in travel and tourism, population growth and long-term government planning.
•    The GCC stone market is worth over USD 5 billion and constitutes approximately 20% of the global demand in the stone market and stone import value of 178.6 million sqm

Saudi Arabia Market Potential And Growth Prospects

THE STONE CONFERENCE

The inaugural Stone & Surface Saudi conference welcomed over 740 attendees across three days of CPD-Accredited workshops and presentations, led by a diverse range of industry speakers including H. E. Faisal AlFadl, Secretary General of the Saudi Green Building Forum; Ibrahim Albuloushi, the new Country Head for KSA at JLL and Hisham Haridy, Co-Founder of Knowledge Valley for Management and Consultation Services.

The Stone Conference - DPD Certified

These experts delivered a lively and interactive educational programme concentrated on stone demand and usage analysis in the Kingdom; it’s likely role in the future sustainable development and best practice project management and material procurement in major construction projects.

SAUDI ARABIA CONSTRUCTION INDUSTRY UPDATES

The airport, located on a 2,400-hectare site in south west Saudi Arabia, is set to be complete by 2020.
The airport is expected to host 500,000 passengers per year and serve seven coastal provinces and 50 administrative centres in Makkah, Al-Baha, and Asir. (1)

Middle East’s hotel pipeline
The hotel construction pipeline in the Middle East set another cyclical high in the third quarter with 617 projects and 180,097 rooms, according to the latest data from Lodging Econometrics.
The new-pipeline-project counts are up 8 percent while room counts show a 15-percent increase year-over-year, when the pipeline stood at 572 projects and 156,420 rooms.
There are currently 360 hotels with 115,222 rooms under construction, a record high. Projects scheduled to start construction in the next 12 months are at 138 hotels with 35,299 rooms, while projects in the early planning stage are at 119 hotels and 29,576 rooms.

Top Countries and Cities
Countries with the greatest number of projects in the construction pipeline are the United Arab Emirates with 223 hotels and 63,734 rooms and Saudi Arabia, at a record high, with 214 hotels and 76,324 rooms. Qatar follows with 59 hotels and 14,245 rooms and Egypt with 43 hotels and 10,237 rooms. Continuing to dominate the construction pipeline in the UAE and throughout the region is Dubai with 169 hotels and 50,420 rooms. Abu Dhabi trails behind with 20 hotels and 5,058 rooms, and Ash-Shariqah has 18 hotels with 2,671 rooms in its pipeline.
Cities with the largest hotel-construction pipelines are Riyadh with 61 hotels and 11,574 rooms; the Provincial region with 58 hotels and 11,534 rooms; Jeddah with 58 hotels and 11,520 rooms; Doha, Qatar with 55 hotels and 12,618 rooms; and Makkah with 37 hotels and 41,696 rooms. Four of the cities with the largest pipelines are in Saudi Arabia and are enjoying record highs in their pipeline project and room counts. (2)

Saudi Arabia to build 19,000 homes as part of Sakani scheme
Saudi Arabia will build a total of 19,359 residential units for its citizens as part of its major housing development programme Sakani. Provided by the Ministry of Housing and the Real Estate Development Fund, Sakani aims to add more than 300,000 residential products in 2018.
The ministry has signed five agreements with four property developers to set up the villas and townhouses in Riyadh, Jeddah, Buraidah and Al Khobar. One of the five projects is Murooj Jeddah, which will include 10,000 housing units. Luluat Al Bahar in Jeddah will boast about 8,000 homes, while Tanal in Riyadh will have around 1,008. Areen in Al Khobar will see 273 units built and Basateen Al Qassim in Buraidah will have around 78 houses. (3)

Saudi Arabia’s Neom

Saudi Arabia's Neom
Neom is one of Saudi Arabia’s and the world’s most impressive construction schemes. The fund is led by Crown Prince Mohammed Bin Salman, and is developing, alongside Neom, ‘gigaprojects’ such as Qiddiya and Amaala to further the kingdom’s economic diversification. (4)

Over $800 billion invested in Saudi construction projects
More than 5,200 construction projects are currently rolling out in the GCC’s largest and most populous country, the Kingdom of Saudi Arabia, a BNC Network report shows. Valued at $819 billion, these account for 35% of the total value of active projects across the GCC.
Despite recent challenges faced by the sector attributed to low oil prices and a reported shortage of qualified workers, construction is recording a 4.1% increase this year in KSA. A recent BMI research forecasts the sector›s annualized average growth at 6.13% from 2018 to 2022.

“Saudi Arabia’s Vision 2030, along with significant investment in housing and infrastructure development promoted across the country by local authorities, are revitalizing the construction industry and generating interest in a growing number of international players,” El Haddad Event Director of the Kingdom›s premier construction event, The Big 5 Saudi, added.
The urban construction sector is the largest contributor to the construction sector’s expansion with 3,727 active projects valued $386.4 billion, BNC Network’s report indicates. The utilities sector is the second largest with 733 projects worth $95.6 billion, followed by transportation, with 500 projects valued $156.2 billion. (5)

Riyadh

Mall of Saudi, Riyadh
Dubai based conglomerate Majid Al Futtaim is expected to release the main tender for the construction of its $2.8 billion (10.5 billion Saudi riyals) Mall of Saudi project in the Saudi capital Riyadh by the third quarter of 2018, according to a source close to the project.
“The detailed design is expected to be completed by mid-2018. The tender for the main construction work is expected to be released by third quarter 2018 and the main contractor is likely to be appointed by the end of the quarter,” the source told Thomson Reuters Projects.
He said the project is scheduled to be completed in first quarter 2022.
Saudi Consolidated Engineering Company (Khatib & Alami) is the lead consultant, Linesight Saudi Arabia is the cost consultant and RTKL Saudi Arabia is the design consultant for the project, the source said.
Majid Al Futtaim unveiled the Mall of Saudi project in February 2016 as part of a 14 billion riyals ($3.5 billion) investment to develop two shopping malls in Riyadh. The project would be developed on a total land area of more than 866,000 square metres (sqm), the company said in a press statement. The first phase includes the mall, a ski slope, one hotel and serviced apartment building and general infrastructure. Future phases would include the development of the residential, office, medical centre and hotel plots.
The statement said that City Center Ishbiliyah in Riyadh will cover 100,000 sqm of a gross leasable area and will feature 250 stores, a 9,000 sqm Carrefour hypermarket, a food court and an entertainment complex. (6)

Middle East Construction Market Outlook
Based on current data from MEED projects, it appears that construction companies can look forward to a cautious recovery in the market following a challenging period of subdued performance. Long-term positive factors such as demographic demand drivers and government support combined with a modest rise in oil prices remain key drivers for capital spend and will remain the catalyst for spend on capital and infrastructure projects. The industry has been awaiting the award of a range of projects identified by each GCC country as part of their defined long-term vision, with transport, social infrastructure and tourism programmes among the key priorities.
More than 5,200 construction projects are currently rolling out in the GCC’s largest and most populous country, the Kingdom of Saudi Arabia, a BNC Network report shows. Valued at $819 billion, these account for 35% of the total value of active projects across the GCC.
Despite recent challenges faced by the sector attributed to low oil prices and a reported shortage of qualified workers, construction is recording a 4.1% increase this year in KSA. A recent BMI research forecasts the sector›s annualized average growth at 6.13% from 2018 to 2022. (7)

ALL THE UPDATES CAN BE FOUND HERE:
https://www.stoneandsurfacesaudi.com/news-media/industry-updates

CONTACT

Vina Alcala, Sales Manager, T: +971 4 445 3766, E: info@stoneandsurfacesaudi.com

DATA RECEIVED FROM:
www.stoneandsurfacesaudi.com
(1) https://www.constructionglobal.com/major-projects/foundation-works-begin-al-qunfudah-airport-saudi-arabia
(2) https://www.hotelmanagement.net/own/middle-east-s-hotel-pipeline-hits-record-highs
(3) https://www.arabianbusiness.com/construction/408298-saudi-arabia-to-build-19000-homes-as-part-of-sakani-scheme
(4) https://www.neom.com/   &  http://www.constructionweekonline.com/
(5) http://saudigazette.com.sa/article/546129
(6) https://www.zawya.com/
(7) https://www.forbesmiddleeast.com/middle-east-construction-market-outlook

Kallirroi  Pavlakou
International News and Markets

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