March 21, 2018

Stone Expo Returns To Saudi Arabia Amid Increased Demand For Construction Materials

With almost 5,000 projects in the pipeline, Saudi Arabia is fast becoming one of the world’s busiest markets for construction – led by urban development and a growing transport network.

A new ‘Saudi Arabia Construction Overview’ report by market analysts BNC Network – prepared ahead of Stone & Surface Saudi 2018 taking place in Jeddah next month (10-12^th April 2018) – has priced the 4,778 projects in various stages of development across the Kingdom at US $839.1 billion.

In line with Saudi Vision 2030, the Kingdom is taking significant measures to improve its infrastructure to further its position as a destination for business and leisure tourism, enhance its religious tourism sector, and cater to the needs of its growing population.

“A change of regulations has green-lighted the creation of the entertainment sector and industries related to it, while a rapidly growing population and urbanization increase the provisions for basic services such as healthcare, education, energy, water, and roads,” explained Avin Gidwani, CEO of BNC Network.

“If projects such as the recently announced NEOM Economic Zone are delivered as advertised, it would for all effects and purposes be a whole new Kingdom that would challenge other regional economic centers by providing not just a vibrant environment but also direct and preferential access to an affluent market.”

Due to the increase in construction projects, there has been a surge in demand for the materials needed to fulfil the significant production and building requirements – none more so than stone.

Stone & Surface Saudi Arabia was launched in the Kingdom last year to provide a platform dedicated to connecting construction professionals with suppliers of natural stone and other materials for surface design, including from some of the world’s biggest international quarries.

Stone is at the very centre of the thousands of urban construction projects ongoing across Saudi, including residential and commercial buildings, economic zones, hospitals, and hotels.

Stone & Surface Saudi Arabia will run 10-12^th April 2018 at the Jeddah Centre for Forums and Events, co-located with The Hotel Show Saudi Arabia 2018.