The Big 5 Kuwait 2016, taking place from September 25 – 27 at the Kuwait International Fair, will host over 200 local and international exhibitors across 4,700 sq m of space.
Thousands of certified products will be introduced from 24 countries at the event, said organisers.
With planned developments worth an estimated $123.6 billion, according to Meed, and $68.9 billion government construction budget for 2016, Kuwait’s construction industry offers massive business opportunities.
Last year, The Big 5 Kuwait grew by 21 per cent, with a 43 per cent growth in international exhibitors.
Ashley Roberts, event director of The Big 5 Kuwait, said: “These figures are a clear sign of the show’s success and they are set to grow even further in 2016 as we will bring the best of The Big 5 show to Kuwait tailoring our 36 years’ experience to the needs of the local construction industry.”
The latest trends, findings, insights and issues in the sector will be discussed at The Big 5 Kuwait in free-to-attend CPD-certified workshops delivered by industry experts from DLA Piper, KEO International Consultants, Kuwait Oil Company and many more.
Moreover, the ‘How to Trade in Kuwait’ seminar will offer useful tips and information to tap into the Kuwait market and effectively conduct business.
Roberts added: “Today, The Big 5 Kuwait is an unmissable event for all industry players interested in the huge business opportunities that Kuwait has to offer.”
The construction industry in Kuwait is expected to grow at a compound annual growth rate of 6.44 per cent from 2016 to 2020, says a report by Timetric. This is due to the government developing projects in areas including rail, infrastructure, road, and airport under its Vision 2035 programme.
To address growing demand, visitors to The Big 5 Kuwait will be able to meet new exhibitors from 24 countries including Germany, Italy, Turkey, Kuwait and many others. This year also sees a Serbia exhibit for the first time.
“To leverage the fresh momentum experienced by the Kuwaiti market, our event will highlight advanced solutions and products for the local construction sector. Following three hugely successful editions, we are developing the event to ensure that The Big 5 Kuwait maintains its position as the leading event for the construction community in Kuwait,” said Roberts.
The Kuwait government’s 2035 economic vision comprises five separate five-year plans that aim to
reduce oil dependency by transforming Kuwait into a diversified commercial and financial hub. The latest plan (2015-2020) sets aside $116 billion for a broad range of projects including 45,000 new housing units, a metro and railway system and a new refinery.
With an investment of $7 billion, the 171-km Kuwait Metro Rail is due for completion by 2020. The government also plans to start construction work of the Kuwait National Rail Road System, a long-distance railway project, under the five-year development programme 2015-2020. The government is expected to complete the projects by 2018 at a cost of $10 billion.
The Big 5 Kuwait will capitalise on the opportunities such a high level of investment will create, giving visitors access to thousands of innovative products, knowledge and new contacts that will help them drive their business forward, said organisers.
A free-to-attend Sustainability Day (on September 27) will offer strategic insights on the topic and highlight best practices and opportunities for industry players. - TradeArabia News Service