In January 2017, BNC, Stone & Surface Saudi's Intelligence Partner, reported over 4,000 active projects that are valued at US$ 728.5 billion across key industries including urban construction, transport, utilities and industrial projects. With these projects underway, the demand for contract flooring products and technologies is increasing and facilitating more business opportunities for the contract business market in the Kingdom.
- Urban Construction
# of Project: 2,804 - worth: US$349.6 billion
# of Project: 490 - worth: US$71 billion
# of Project: 403 - worth: US$144.4 billion
# of Project: 263 - worth: US$75.1 billion
This comes as good news to those involved in the supply and distribution of interior and exterior surface materials and Stone & Surface Saudi has been designed to connect the key buyers in this active project market with the suppliers of the latest surface materials and machinery available to them.
2017 is a great time for suppliers and distributors to make a name for themselves in the Saudi Arabian market and here are a few reasons why:
The Kingdom currently has the most hotel rooms under construction in the Middle East and North Africa with 134 hotels underway or in the pipeline (requiring 48,853 rooms).
The Saudi Arabian Housing Ministry recently announced a requirement for 3 million new homes by 2025 and the government has committed to spending $800 million to support the project.
There is a huge focus on raising non-oil revenue as the cornerstone of a comprehensive plan to diversify the Saudi Arabian economy in line with the country’s National Transformation Plan.
Request a call back to find out more about how you can position your company as a leading supplier of surface materials or machinery and meet the decision makers setting the development direction of Saudi Arabia’s project market.