The Saudi Build Exhibition will launch its 2017 edition under the patronage of the Ministry of Municipal and Rural Affairs. The event will kick off on Oct. 23 at the Riyadh international convention and exhibition center, in concurrence with Saudi Stonetech and Saudi Build PMV series.
The organizing team is working toward another successful version of this leading exhibition which is considered the biggest trade show in Saudi Arabia, specialized in construction materials, building, environmental technologies, stones, plants, machinery and vehicles.
More than 500 global and local exhibitors from 30 countries will be taking part in the exhibition, coming from Canada, Britain, India and Denmark, in addition to the eight international pavilions namely: Italy, Germany, China, Turkey, Egypt, Portugal, United Arab Emirates (UAE) and Morocco, whose presence will add value to the Saudi construction market.
The participation of local companies will help create exposure on the high quality products and effective contribution they have in the local construction market.
The exhibition is considered a major attraction for manufacturers and suppliers of construction materials and equipment, entrepreneurs, specialists, contractors and real estate developers. It aims to offer the highest construction services, and the widest range of solutions and potential investment opportunities.
Khalid Alamdar, director of sales and marketing at Riyadh Exhibition Co. Ltd., emphasized the importance of this event and explained that Saudi Arabia has become a major hub for companies and investors in the construction sector. He also highlighted the key role the exhibition will play in the development of this sector in the Kingdom.
Saudi Build exhibition enriches market with latest construction technologies
Saudi Build exhibition enriches market with latest construction technologies
Sulaiman Al-Rajhi Endowment projects worth SR8bn launched in Makkah
Sulaiman Al-Rajhi Real Estate Company has announced the launch of several real estate projects belonging to the Sulaiman Al-Rajhi Endowment system in Makkah, with a total investment exceeding SR8 billion ($2.1 billion). These projects include commercial, residential, and hospitality developments, as well as strategic land plots, as part of the company’s commitment to supporting the Kingdom’s real estate sector and enhancing the quality of life in the holy city.
The announcement was made during a field tour by a delegation of high-level officials including Saleh Al-Rasheed, CEO of the Royal Commission for Makkah City and Holy Sites; Ihsan Bafakih, chairman of the board of directors of Sulaiman bin Abdulaziz Al-Rajhi Holding Company; Haitham Al-Fayez, chairman of Sulaiman Al-Rajhi Real Estate Company and CEO of Sulaiman Al-Rajhi Holding Company; Moath Al-Mukhudub, managing director and CEO of Sulaiman Al-Rajhi Real Estate Company; and Anas Mansour Abadi, CEO of real estate at Sulaiman Al-Rajhi Holding Company and representative of the Sulaiman Al-Rajhi Endowment, alongside members of the board of directors of both the holding and real estate companies and the executive team.
The tour included the launch of the Tilal Towers project, with an investment value of SR2 billion, featuring more than 2,500 hotel rooms, strengthening the hospitality sector in Makkah.
The delegation also visited the Tilal Village project, valued at SR2.8 billion. It is one of the prominent qualitative projects within the hospitality ecosystem in Makkah.
Furthermore, the visit covered the residential buildings within Tilal Village, comprising 828 units, with an investment of SR800 million. The delegation inspected the specialized hospital, medical complex housing, and the office and commercial plazas.
During the tour, a contract was signed for the Al-Rajhi Center project, valued at SR250 million, as part of a comprehensive rehabilitation plan.
The inspection also included the Al-Ukayshiyyah land, spanning 4 million square meters, and the Al-Ghazzawi project land, valued at SR250 million.
The tour concluded with prayers at the Aisha Al-Rajhi Mosque, the second-largest mosque in Makkah after the Grand Mosque, with a capacity for 50,000 worshippers.
This visit underscores the importance of these investments, which represent a clear direction toward enhancing the management of the endowment’s assets through diversification, redevelopment, and strategic expansion, in line with the development goals of the Makkah city and Saudi Vision 2030.
Sulaiman Al-Rajhi Real Estate, a subsidiary of Sulaiman bin Abdulaziz Al-Rajhi Holding Company, continues to provide innovative solutions to elevate the real estate sector to international standards.
