Date: May 11-13, 2009
Venue: Al Faisaliah Hotel, Riyadh, Saudi Arabia
- Construction contracts in Saudi's real estate market expected to top USD 60 billion in 2010 despite global crisis
- 'Kingdom expansion Congress 2009' to discuss major investment plans and opportunities in Saudi Arabia
naseba, a leading firm specialized in organizing high profile conferences and
events, is set to host a new executive congress, 'Kingdom Expansion Congress
2009', which will take place from 11th-13th May 2009 in Riyadh. The three- day
congress will bring together key government bodies, ministries, urban planning
and development authorities, leading infrastructure developers, construction
companies, architectural firms, building material manufacturers and suppliers
and technology providers from all over the world. The conference is considered
of high importance to the development and investment in Saudi Arabia's real
estate sector which is expected to remain strong despite project delays and
cancellation, according to recent reports from Ventures Middle East. As the
largest construction market in the Gulf, the value of new construction contracts
awarded to main contractors in Saudi is expected to increase by 15.4%, reaching
USD 60 billion in 2010 compared to USD 52 billion in 2008.
During the congress, industry-renowned experts will discuss the latest trends and issues in the industry, mainly focusing on sustainable cities, public-private partnerships discussions, smart cities and city development strategies, green buildings and innovative build IT solutions, the importance of maintenance and operations and the need for facilities management in the region. The real estate and construction development is mainly driven by the strong local population growth which is expected to double in the next 20 years, the demographic and structural shifts in the economy, the increasing transparency of laws and
regulations attracting foreign investment and the new mortgage law as well as the affluent commercial sector. As a result, six mega economic cities are
currently being developed and are expected to be home to 4 to 5 million
residents by 2020.
Prachi Dawar, Event Project Director, naseba said:
"We are pleased to introduce the first event, gathering all leaders from the
building, city and facilities management industries under one roof in the
Kingdom of Saudi Arabia. 'Kingdom Expansion Congress 2009' is an opportunity for
all industry players to enter the new booming Saudi market, understand its needs,
requirements and establish themselves in the country."
Speakers at the conference include:
His Excellency Abdullah Al Mogabel, Deputy Minister for Roads, Ministry of
Transport, Saudi Arabia; Dr Mustafa Madbouli, Chairman - General Organisation of
physical planning, Ministry of Housing, Utilities and Urban Development, Egypt;
Abdul Aziz Al Duailej, CEO, Al Oula Development; Essam Al Kalthoum, CEO, Al
Shamiyah Urban Development Co.; Mohammed S. Al Khalil, CEO, Akwaan Properties;
H.E. Abdullah Ali Al Nuaim, Former Mayor, City of Riyadh and President of Arab
Urban Development Institute; Eng Mohammed Al Nagadi, President, Saudi Building
Code National Implementation plan and Deputy Minister, Ministry of Municipality
(MOMRA); Eng Waleed Al Eisa, Head of Project, King Abdullah Financial District;
Dr. Adel Al Dosary, Chairman - City and Regional Planning, King Fahd University
of Petroleum and Minerals; Mohammed Hammad, Head for central and eastern
projects, Saudi Aramco and Vice President of Project Management Institute -
Arabian Gulf Chapter.
With the Saudi market currently valued at over USD 1 trillion worth of
underway and planned projects, the real estate activity is estimated to increase
at an average annual rate of 5.8%, with its contribution to GDP increasing from
6.8% in 2004 to 7.2% in 2009. The contribution of the building and construction
sector to the GDP is estimated to increase at an average annual rate of 6.7%,
reaching 7.3% by the end of 2009, as compared to 6.6% in 2004, concluded the
Saudi Ministry of Economy in the Eighth National Development Plan (2005-2009).
For detailed information on the three conferences of the congress - Building
Expansion, City Expansion and Facilities Managment - please visit the Kingdom
Expansion website:
www.thekingdomexpansion.com
Further Information:
Prachi Dawar (Event Producer)
naseba
Tel.: +971 4367 1376
Fax: +971 4367 2764
eMail: prachid@naseba.com
web:
www.thekingdomexpansion.com
Kingdom Expansion 2009 - Riyadh.pdf (2.110 KB)
german version 
