AEO - Association of event organisers

Saudi Arabia live projects combined at estimated US$700 billion


Saudi Arabia live projects combined at estimated US$700 billion

14 Feb 2017 by: dmg events dmg events

Strong recovery outlook in 2017 for all things construction

Tuesday, February 14, 2017 — Saudi Arabia's construction market has the potential to pick up in the latter half of 2017. According to the BNC Industry report commissioned by The Big 5 Saudi, Saudi's premier trade event for construction professionals, active projects have a combined estimated value of over USD $700 billion in the Kingdom. The Saudi government is also expected to spend approximately USD $30 billion on construction in 2017.
Taking an in-depth look at what is revolving currently in the Saudi market, the main growth is witnessed in the urban construction and transport sectors which constitute approximately 68% of the total projects' value in the country. When looking at this in dollar terms, the urban construction investments are worth approximately USD $342.4 billion and constitute almost 
50% of all projects' value.
A rise in healthcare and tourism, population growth and long term government planning are expected further to boost construction activities. Findings per the BNC Project Intelligence Database state that Saudi Arabia has approximately 367 healthcare projects with a combined estimated value of USD $26.4 billion. Many high profile projects are also in the works, most notably, the Riyadh Metro, Holy Haram Mosque Expansion, and King Abdullah City of Atomic & Renewable Energy, valued at USD $6.5 billion, USD $12 billion and $10 billion, respectively.
According to the National Director and Country Head Kingdom of Saudi Arabia at JLL (Jones Lang LaSalle), Jamil Hassan Ghaznawi, “The construction industry received some positive news this year when the 2017 budget was announced. Planned State spending on infrastructure more than doubled in 2017 to just over SAR 52 billion, compared to approximately SAR 24 billion in 2016.â€'
The newly proposed “White Land Taxâ€' is also looking to help elevate the public housing shortage that has been a main topic lately. Ghaznawi, who will be speaking at The Big 5 Saudi 2017 on March 27th on the macroeconomics of Saudi's construction industry, added that “One of the main goals of the White Land Tax is to increase the supply of available, developable land in the market. This is expected to add downward pressure on land prices thus decreasing the cost of development. By doing so, developers will be able to target a larger segment of the home buyer market who cannot afford current unit prices, making projects more feasible.â€'
With the construction market supporting many of the Saudi Vision 2030 initiatives for stimulating growth in the non-oil sector, The Big 5 Saudi 2017 is expected to attract thousands of industry players from around the world to gain a share of the Kingdom's lucrative construction sector. From 27 to 30 March 2017 at the Jeddah Centre for Forums & Events, Saudi Arabia's largest and fastest growing construction show, will host over 300 exhibitors from 20+ countries.
“With several high-value projects in the pipeline, the 7th edition of The Big 5 Saudi will be an unmissable platform for all construction industry professionals to do business, network and source thousands of innovative products and solutions for the built environment,â€' Nathan Waugh, dmg events' Portfolio Event Director, said.
Alongside the exhibition, The Big 5 Saudi 2017 will offer 25 free to attend and CPD (Continuous Professional Development) - certified workshops, to help industry professionals develop their skills and knowledge. Delivered by industry experts, this year's sessions will focus on Project Management, Innovation & Technology, and Sustainability.
In 2016, The Big 5 Saudi welcomed an impressive 14,985 unique visitors, totaling over 21,138 participants from 34 countries, with 3,000+ products on display. Organised by dmg events Middle East, Asia & Africa, the event is free to attend and open to adult industry professionals only.
To know more about the free to attend Big 5 Saudi, visit:

  • "Broadway Events joined the AEO on the Enterprise Membership. We’ve already taken advantage of the many benefits including the excellent FaceTime Masterclasses and training guides for exhibitors."
    Emma Barrett
    Broadway Events
  • "We are a member of the AEO because it is a proactive association for the events industry. As an organiser it provides us with high value ideas, networking, guidance and information."
    David Harrison
    PPMA Group
  • "This year, the association has led working groups to address industry issues and put on some amazing events full of insightful content for both organisers and, through the AEOs FaceTime initiative, exhibitors. In addition, the AEO has represented the industry at a Governmental level to raise awareness of the importance of events to the UK economy."
    Paul Byrom
    Upper Street Events
  • "I genuinely believe that if you’re involved in organising events you should become a member of the AEO."
    Simon Kimble
    Clarion Events
  • "Our membership of the AEO represents real and tangible value for UBM - it provides fantastic networking opportunities, practical training for our team as well as valuable insight into the state of our industry."
    Simon Parker
    Informa Markets
  • "As an Association business, we appreciate the excellent work the secretariat of the AEO do for our community. From the events side of our business, the AEO provides an excellent return on investment, providing thought leadership, fantastic networking, brilliant awards, excellent research and FaceTime, a valuable tool to tell our markets why exhibitions and events should be an essential part of the marketing mix."
    Neil Felton
  • "AEO’s networking and member meetings are valuable for individuals at all levels within our organisation. The promotion of our sector to the outside world, to government, authorities and business at large is another vital aspect of the AEO’s purpose for members, many of whom, like my company, work on events throughout the world."
    Stephen Brooks
    Mack Brooks Exhibitions
  • “Knowledge is power and the AEO dinners are certainly powerful, there is always a wealth of knowledge at the table. Insightful presentations make for a constructive and extremely social way to learn from the experts who’ve done it before. I attended the Japanese evening and gained really valuable insight about the culture and how best to communicate with a local audience.”
    John Whitaker
    Vice President Marketing, Data & Digital , dmg events
  • "We have the opportunity to contribute positively to the industry as well as gaining valuable insight and advice. There’s no need to spend valuable time and money reinventing the wheel when you have so many experienced professionals in AEO membership to learn from”
    Emma Cartmell
    CHS Group
  • "JOINING THE AEO HAS BEEN FANTASTIC! Being able to gift our customers with free places at the FaceTime masterclasses, learn alongside industry peers and seek advice to common challenges is invaluable”
    Sharon Azam
    GovNet Communications
  • I just wanted to send my most sincere thanks for everything that you and the AEO team are doing to help navigate the events industry through the pandemic. The working groups and communication from the AEO have been excellent and I’m really appreciative of being part of such a wonderful organisation.
    Simon Burns
    ICHF Events
  • I think what the AEO has been doing during this tough time has been exceptional.
    Greg Cherry
    QD Events LTD
  • It is so useful to hear from your peers at this time. Please pass my thanks to Ruth and the BTIG panel
    Dan Assor
    CloserStill Media
  • Just wanted to thank you and Ruth this morning for the Zoom meeting - it was really interesting to hear how things are moving along in the virtual/hybrid meeting/exhibitions. All very new to me, so a lot to digest.
    Maureen Wright
    Optic UK
  • The session this morning was fantastic. We are right in the midst of this and the information was so useful. We can apply it immediately
    Claire Adams
  • The AEO provides an opportunity to make a difference, to work with other companies for the good of the industry as a whole, but beyond that, it provides it’s members with valuable insight and tangible benefits to grow your business, upskill and engage your teams. For those reasons, our membership is in indelible ink on the each annual budget. In short, if you aren’t a member, you are missing out.
    Ed Tranter
    73 Media




AEO news