A new exhibition and conference dedicated to the construction sector in the Kingdom of Saudi Arabia will be launched in Riyadh next week, where government agencies, regulators and key companies in the sector will unite their efforts to develop the building and construction market in the kingdom, which amounts to 1.4 trillion dollars. American.

The first session of the International Contracting Conference and Exhibition (ICCE) will take place in 16 and continue until September 17, 2018 at the Riyadh International Convention and Exhibition Centre, where the achievement of a sustainable contracting sector has become one of the most important topics for all parties.

This two-day event is held under the patronage of H.E. Dr. Majid bin Abdullah Al Kasabi, Minister of Trade and investment Saudi Arabia, and is hosted by the Saudi Contractors Authority, a newly established government body responsible for organizing the contracting sector in the Kingdom and increasing mergers and acquisitions in the market. Construction and construction projects are expected to increase in the coming years.

According to project Intelligence Ventures on site, as of September 2018, the total value of construction projects in Saudi Arabia involving buildings, industry, energy, water, oil, gas and infrastructure is estimated at 1.4 trillion US dollars. At the same time, the value of establishing new construction in Saudi Arabia is expected to rise to 44.1 billion US dollars in 2019, compared to US $26.1 billion in 2018.