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Saudi Arabia to Host Largest Construction Expo in February

The largest construction event in Saudi Arabia, Big 5 Construct Saudi, returns for its 12th edition to the Riyadh Front Exhibition and Conference Centre on February 26-29. (Asharq Al-Awsat)
The largest construction event in Saudi Arabia, Big 5 Construct Saudi, returns for its 12th edition to the Riyadh Front Exhibition and Conference Centre on February 26-29. (Asharq Al-Awsat)
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Saudi Arabia to Host Largest Construction Expo in February

The largest construction event in Saudi Arabia, Big 5 Construct Saudi, returns for its 12th edition to the Riyadh Front Exhibition and Conference Centre on February 26-29. (Asharq Al-Awsat)
The largest construction event in Saudi Arabia, Big 5 Construct Saudi, returns for its 12th edition to the Riyadh Front Exhibition and Conference Centre on February 26-29. (Asharq Al-Awsat)

The largest construction event in Saudi Arabia, Big 5 Construct Saudi, returns for its 12th edition to the Riyadh Front Exhibition and Conference Centre on February 26-29.

The top expo will bring together over 1,300 exhibitors, recording a strong 55% increase compared to last year’s edition, from over 40 countries to connect with over 55,000 construction professionals.

As it contributes to the future of the Kingdom’s construction sector, Big 5 Construct Saudi showcases more than 20,000 products and services under nine product sectors in 2024.

It co-locates with four specialized events: HVAC R Expo Saudi, FM Expo Saudi, Stone & Surface Saudi Arabia and Windows, Doors and Facades Event Saudi.

This year, the trade exhibition will host 20 country pavilions, including Germany, China, Greece, Italy, Türkiye, the UAE, the US and Qatar, with Egypt, Jordan, Spain and India joining the lineup for the first time.

Saudi Arabia’s construction sector is expected to grow at an average annual rate of 4% between 2024 and 2027, driven by strategic initiatives focused on economic diversification in alignment with Vision 2030.

Building on this momentum, Big 5 Construct Saudi is returning with an edition that is doubled in size and capacity covering an area of 70,000 sq m.

Supporting product sectorization, the four-day event will also focus on four new sectors, such as Concrete, Construction Technologies and Steel and Urban Design and Landscape, which together with the existing product sectors cover the entire construction value chain.

From construction leaders to innovators, architects to project and facilities management practitioners as well as technologists, the talks will provide insightful takeaways under 13 streams.

They include concrete, sustainability, technology innovations and digital transformation in construction, contracting strategies, risk management and legal, decarbonization, HVAC R, architecture and design, facilities management, giga project updates, intelligent buildings, project management and leadership.

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Saudi EXIM Hosts Global Risk Experts Meeting in Riyadh

The event gathered specialists from 47 organizations from 33 countries; it served as a platform for discussing strategies, partnerships, and innovative solutions. - SPA
The event gathered specialists from 47 organizations from 33 countries; it served as a platform for discussing strategies, partnerships, and innovative solutions. - SPA
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Saudi EXIM Hosts Global Risk Experts Meeting in Riyadh

The event gathered specialists from 47 organizations from 33 countries; it served as a platform for discussing strategies, partnerships, and innovative solutions. - SPA
The event gathered specialists from 47 organizations from 33 countries; it served as a platform for discussing strategies, partnerships, and innovative solutions. - SPA

The Saudi Export-Import Bank (Saudi EXIM) hosted the Berne Union's Country Risk Specialist Meeting, providing a platform for experts and thought leaders in risk management from the export credit community.
At the meeting, which took place from November 19 to 21 in Riyadh, the attendees exchanged best practices to better protect the industry amid shifting global dynamics.
According to a statement issued by the Saudi EXIM on Saturday, the event gathered specialists from 47 organizations from 33 countries; it served as a platform for discussing strategies, partnerships, and innovative solutions.
By strengthening institutional resilience, the industry is ready to turn global economic challenges into opportunities for economic prosperity, said the statement, adding that it played a crucial role in advancing global trade, strengthening international cooperation, and developing credit solutions that empower export activities while controlling risk, SPA reported.
According to the statement, discussions centered on critical risks impacting international trade and the global economy, such as debt sustainability and geopolitical tensions, along with innovative approaches to risk modelling. Participants also explored the global shifts in infrastructure, energy and critical minerals sectors, and were given an overview of Saudi Arabia's National Industrial Strategy, which focuses on economic diversification through investments, developing new sectors, and promoting local industries.
In his opening remarks, Saudi EXIM CEO Eng. Saad bin Abdulaziz Al-Khalb said the meeting is an ideal platform to address risks impacting global economic decision making.
He stated: "Through such meetings, we can turn challenges into strategic opportunities and enhance our resilience in an ever-changing world. At Saudi EXIM, we remain committed to enabling companies by offering expert financial and non-financial solutions to navigate risks effectively."
He also said that "at Saudi EXIM, we place great emphasis on risk management. In alignment with the main objective of this meeting, I am pleased to announce the completion of our independent country risk model, which is supported by advanced modelling tools and machine learning. This model will provide country ratings and predictions of default risks. We look forward to collaborating with our partners in other export credit agencies to exchange knowledge and expertise, and to strengthening our risk management functions with greater responsibility and effectiveness."
Associate Director at Berne Union Eve Hall said: "The global risk landscape today is highly volatile and highly interconnected. As we navigate our way around the ongoing transformations connected to energy transition and shifting industrial strategies, the traditional concept of 'country risk' is becoming increasingly complex. Our industry excels at understanding, quantifying and pricing these risks, and by bringing together this community of experts for technical exchange the Berne Union is able to help support the development of the industry as a whole. The initiatives announced by our colleagues at Saudi EXIM, making use of new technology in risk analysis, provide a fantastic example of where collaboration in this field can be effectively applied."
The statement disclosed that Saudi EXIM's membership in Berne represents a significant strategic step, and is consistent with the Kingdom's commitment to expanding collaboration and integration in the global economy.
This is achieved by building partnerships with leading institutions to address the challenges facing the export credit sector. It also aligns with the bank's goal of developing the export of national products and services through partnerships with national and international financial and funding organizations.
Berne Union works with global trade organizations to encourage the adoption of best practices in export credit insurance, and to cooperate in maintaining the stability of global trade.
Saudi EXIM, a development bank under the National Development Fund, contributes to diversifying the Kingdom's economic base by improving the efficiency of non-oil export ecosystems, bridging financial gaps, and minimizing export risks. This plays a role in helping the non-oil national economy grow, in line with Vision 2030.