A large number of exhibitors at the Saudi Construction Expo, which recently concluded at the Riyadh Exhibition and Convention Center, expressed their satisfaction with the high turnout for the products offered by the participating exhibitors. Participants in a tour organized by Amlak Real Estate newspaper confirmed that the exhibition achieved its intended goals through effective coordination and organization, attracting more than 500 local and international brands. Speakers expressed optimism about the upcoming development boom outlined by the Kingdom in its National Transformation Plan 2020 and Vision 2030, which will generate massive projects to boost demand in the construction sector.<\/p>\n
Al-Qublan: The Future Lies in Solar Energy, Water, and Electricity<\/b><\/p>\n
First, Ibrahim Suleiman Al-Qablan, owner and general manager of Al-Qablan Thermal Pipe Factory, spoke, noting that the exhibition is one of the largest in terms of attendance by companies, contractors, and citizens, especially since now is the right time for construction, and that\u00a0 <\/span>Due to the decline in construction materials, the contractor described demand as good, noting that it had not been affected by the movement and travel of many residents, and that it had remained robust due to the major development projects underway across the country.<\/p>\n Al-Qablan added that the Ministry of Housing\u2019s projects influence demand and market growth, noting the need to intensify its efforts to keep pace with citizens\u2019 ongoing housing needs. He called on the private sector to continue cooperating and partnering effectively with the ministry so that it may serve as a pillar of support in fulfilling its mission.<\/p>\n Regarding the market\u2019s outlook for 2018, Ibrahim Al-Qablan said that the near future will see steady market activity accompanied by falling prices and a desire among citizens and development companies to build, He called on exhibition organizers to focus future events on solar energy, water, and electricity solutions so that we can keep pace with the ambitions and goals of Vision 2030, which aims for conservation and innovation.<\/p>\n M. Al-Aqil: Including holidays in the presentation days<\/b><\/p>\n For his part, Engineer Muhammad Ahmad Al-Aqil, CEO of Al-Muna Plastic Products Factory, explained that competition in the Saudi market is intense and is not greatly affected by economic fluctuations, and, by the grace of God and with His guidance, we are constantly working to develop our products, which are distinguished by being entirely domestically manufactured using Saudi raw materials, Engineer Al-Aqil noted the high demand we are seeing in the market and what we observed through our presence at the exhibition, where we found that there are excellent opportunities for sales and contracts due to the large number of companies and individuals who visited the exhibition.<\/p>\n Al-Aqeel pointed out that the current trend in construction will have a positive impact on the market\u2019s recovery, especially since Vision 2030 includes massive infrastructure projects, all of which are based on construction and its components\u2014particularly on the part of the Ministry of Housing, which has already begun actively constructing buildings and complexes in partnership with private-sector companies. At the conclusion of his remarks, Al-Aqeel called on exhibition organizers to intensify their media and promotional efforts to market their events so as to attract all those interested in this sector. He also expressed his desire to adjust the exhibition dates to include public holidays in order to ensure high attendance.<\/p>\n Al-Rabiah: 2018 Will Strengthen <\/b>From the market's positive sentiment<\/b><\/p>\n On the same topic, Abdul Latif Khalid Al-Rabiah, General Manager of Caparol Paints, emphasized that such a high turnout and level of interest were unexpected, which demonstrates citizens\u2019 eagerness to seek out and find the best options. Al-Rabiah explained that the current market situation is showing remarkable progress, noting that there is a significant difference between<\/p>\n (2016\u20132017) The coming year, 2018, will see further positive trends in the market in terms of sales, especially given that government initiatives\u2014led by the Ministries of Education, Health, and Housing\u2014are underway to implement numerous projects that will boost demand for all construction-related materials and services.<\/p>\n Al-Rabiah praised the exhibition\u2019s excellent organization and effective marketing, as well as the follow-up with companies and the support provided to them, which had a positive impact on the exhibiting companies whose booths were packed with visitors\u2014especially during the middle of the week. Had the exhibition included Friday and Saturday, the number of visitors and interested parties even greater. He also highlighted the role of women in decision-making through their active participation and expertise on the exhibition floor, where they were effectively present (both as exhibitors and participants).\u00a0 \u00a0<\/span><\/p>\n Al-Rashoudi: Foreign Companies Will Help Drive Progress<\/b><\/p>\n For his part, Abdullah Al-Rashoudi, Assistant Director of Development at Al-Qasabi Contracting Company, expressed a positive view of participating in exhibitions, explaining that they provide investors with a deeper understanding of the construction industry and the new technologies and innovations showcased by major companies\u2014especially foreign ones\u2014which will encourage keeping pace with the latest developments. Al-Rashoudi pointed to the intense competition in the construction sector, where companies strive to offer their best to maintain their clients\u2019 trust, noting that competition leads to higher quality in the delivery of all services.<\/p>\n Al-Rashoudi noted that the current market situation is experiencing a downturn, adding, however, that it remains favorable and meets the expectations of consumers and investors. This may be due to the new regulations, which may have led to a slight decline in demand. Regarding the Ministry of Housing\u2019s projects, Al-Rashoudi predicted that as the ministry increases the supply of housing units, this will have an impact on demand.<\/p>\n Hakimi: Financing Options <\/b>You need to study<\/b><\/p>\n Abdullah Hakimi, Director of the Retail Division at Bayt Al-Ibaa, began his remarks by saying \u00abRight now, the market is experiencing the calm before the storm,\u00bb expressing his optimism and confidence in the market, especially since Vision 2030 includes strategic projects in its plans that will generate significant momentum from which the market will benefit.<\/p>\n Hakimi explained that financing remains an obstacle to the construction of homes, calling on the relevant authorities to explore options and noting that the Ministry\u2019s housing projects have not had enough time to impact the market. He praised the role of foreign participation in raising quality standards in real estate and construction. Hakimi expressed his delight at the strong turnout of visitors and noted at the conclusion of his remarks that the construction market is strong, and that the exhibition does not necessarily reflect the market\u2019s strength.<\/p>\n Ramadan: Exhibitions <\/b>Does not reflect market strength<\/b><\/p>\n In the same vein, Walid Ramadan, Product Manager at Safito, praised the exhibition\u2019s organization, noting the early preparations and intensive media and marketing efforts, which were reflected positively in the number of visitors and interested parties, noting that there is general optimism regarding an improvement in market conditions, which is an indicator of the sector\u2019s recovery. Ramadan emphasized that the presence of international companies gives the exhibition added strength through collaboration, knowledge transfer, and the opening of new markets, not to mention the competition that enhances product quality. He explained that while exhibitions aim to align supply with demand, the market\u2019s influence is greater than that of these events, especially since many companies that did not participate still hold significant weight on the landscape of major projects.<\/p>","protected":false},"excerpt":{"rendered":" Reading time: <\/span> 3<\/span> Minutes<\/span><\/span>A large number of exhibitors at the Saudi Construction Expo, which recently concluded at the Riyadh Exhibition and Convention Center, expressed their satisfaction with the high turnout for the products offered by the participating exhibitors. Participants in a tour organized by Amlak Real Estate Newspaper confirmed that the exhibition achieved its intended goals thanks to its excellent coordination and organization, attracting more than 500 local and international brands. The speakers expressed their optimism \u2026 Read more<\/a><\/p>","protected":false},"author":10,"featured_media":35376,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_seopress_titles_title":"","_seopress_titles_desc":"","_seopress_robots_index":"","_seopress_robots_follow":"","_seopress_robots_imageindex":"","_seopress_robots_snippet":"","_seopress_robots_primary_cat":"0","_seopress_robots_breadcrumbs":"","_seopress_robots_freeze_modified_date":"","_seopress_robots_custom_modified_date":"","_seopress_robots_canonical":"","_seopress_social_fb_title":"","_seopress_social_fb_desc":"","_seopress_social_fb_img":"","_seopress_social_fb_img_attachment_id":0,"_seopress_social_fb_img_width":0,"_seopress_social_fb_img_height":0,"_seopress_social_twitter_title":"","_seopress_social_twitter_desc":"","_seopress_social_twitter_img":"","_seopress_social_twitter_img_attachment_id":0,"_seopress_social_twitter_img_width":0,"_seopress_social_twitter_img_height":0,"_seopress_redirections_value":"","_seopress_redirections_enabled":"","_seopress_redirections_enabled_regex":"","_seopress_redirections_logged_status":"","_seopress_redirections_param":"","_seopress_redirections_type":0,"_seopress_analysis_target_kw":"","_seopress_news_disabled":"","_seopress_video_disabled":"","_seopress_video":[],"_seopress_pro_schemas_manual":[],"_seopress_pro_rich_snippets_disable_all":"","_seopress_pro_rich_snippets_disable":[],"_seopress_pro_schemas":[],"footnotes":""},"categories":[145],"tags":[],"class_list":["post-18184","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-major-projects"],"acf":{"amlak_post_excerpt":"","amlak_post_excerpt_source":{"label":"Amlak post excerpt","type":"text","formatted_value":""}},"featured_image_urls":{"full":["https:\/\/amlak.net.sa\/wp-content\/uploads\/2022\/06\/\u0627\u0633\u062a\u0637\u0644\u0627\u0639.jpg",2560,1828,false],"thumbnail":["https:\/\/amlak.net.sa\/wp-content\/uploads\/2022\/06\/\u0627\u0633\u062a\u0637\u0644\u0627\u0639-150x150.jpg",150,150,true],"medium":["https:\/\/amlak.net.sa\/wp-content\/uploads\/2022\/06\/\u0627\u0633\u062a\u0637\u0644\u0627\u0639-300x214.jpg",300,214,true],"medium_large":["https:\/\/amlak.net.sa\/wp-content\/uploads\/2022\/06\/\u0627\u0633\u062a\u0637\u0644\u0627\u0639-768x548.jpg",768,548,true],"large":["https:\/\/amlak.net.sa\/wp-content\/uploads\/2022\/06\/\u0627\u0633\u062a\u0637\u0644\u0627\u0639-1024x731.jpg",1024,731,true],"1536x1536":["https:\/\/amlak.net.sa\/wp-content\/uploads\/2022\/06\/\u0627\u0633\u062a\u0637\u0644\u0627\u0639-1536x1097.jpg",1536,1097,true],"2048x2048":["https:\/\/amlak.net.sa\/wp-content\/uploads\/2022\/06\/\u0627\u0633\u062a\u0637\u0644\u0627\u0639-2048x1462.jpg",2048,1462,true],"trp-custom-language-flag":["https:\/\/amlak.net.sa\/wp-content\/uploads\/2022\/06\/\u0627\u0633\u062a\u0637\u0644\u0627\u0639.jpg",18,12,false],"event-thumbnail":["https:\/\/amlak.net.sa\/wp-content\/uploads\/2022\/06\/\u0627\u0633\u062a\u0637\u0644\u0627\u0639-300x200.jpg",300,200,true],"event-medium":["https:\/\/amlak.net.sa\/wp-content\/uploads\/2022\/06\/\u0627\u0633\u062a\u0637\u0644\u0627\u0639-600x400.jpg",600,400,true],"event-large":["https:\/\/amlak.net.sa\/wp-content\/uploads\/2022\/06\/\u0627\u0633\u062a\u0637\u0644\u0627\u0639-1200x800.jpg",1200,800,true],"event-hero":["https:\/\/amlak.net.sa\/wp-content\/uploads\/2022\/06\/\u0627\u0633\u062a\u0637\u0644\u0627\u0639-1920x1080.jpg",1920,1080,true]},"author_info":{"info":["\u0627\u0645\u0644\u0627\u0643 \u0627\u0644\u0639\u0642\u0627\u0631\u064a\u0629"]},"category_info":"\u0645\u0634\u0627\u0631\u064a\u0639 \u0643\u0628\u0631\u0649<\/a>","tag_info":"\u0645\u0634\u0627\u0631\u064a\u0639 \u0643\u0628\u0631\u0649","comment_count":"0","_links":{"self":[{"href":"https:\/\/amlak.net.sa\/en\/wp-json\/wp\/v2\/posts\/18184","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/amlak.net.sa\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/amlak.net.sa\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/amlak.net.sa\/en\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/amlak.net.sa\/en\/wp-json\/wp\/v2\/comments?post=18184"}],"version-history":[{"count":0,"href":"https:\/\/amlak.net.sa\/en\/wp-json\/wp\/v2\/posts\/18184\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/amlak.net.sa\/en\/wp-json\/wp\/v2\/media\/35376"}],"wp:attachment":[{"href":"https:\/\/amlak.net.sa\/en\/wp-json\/wp\/v2\/media?parent=18184"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/amlak.net.sa\/en\/wp-json\/wp\/v2\/categories?post=18184"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/amlak.net.sa\/en\/wp-json\/wp\/v2\/tags?post=18184"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}