GCC CONSTRUCTION SECTOR WORTH USD 1.7 TRILLION PUSHES DEMAND FOR PRECAST SOLUTIONS

Monday, October 9, 2017

  • USD 1.7 trillion worth of projects currently underway in the GCC region are pushing demand for precast solutions, according to BNC Network report for The Big 5 Heavy 2018.
     
  • The Big 5 Innovation in Precast Summit (26 & 27 November 2017) will be a prelude to The Big 5 Heavy, and will unveil the latest techniques and technology for the precast market.
     
  • The Big 5 Heavy (26 – 28 March 2018) will showcase the latest products in precast processing as well as machinery for the transportation and instillation of all construction materials. 

The precast market in the GCC is expected to increase against the backdrop of a growing construction industry which is calling for more flexible, cost-effective and durable concrete solutions. According to The Big 5 Heavy 2018’s research partner BNC Project Intelligence, the GCC currently has the highest number of active construction projects in the MENA region, with a total estimated value of USD 1.7 trillion.

Leading the GCC, the UAE makes up approximately 45% of on-going builds in the region, with Dubai alone accounting for over half the recorded developments. Government sponsorship is energizing the expansion of infrastructure in the Emirate as the city prepares to host the Dubai Expo 2020, and works to achieve Smart City 2021 goals of connectivity and integration.

The Precast Market Outlook report reveals that as result of these mega projects, the majority of investment opportunities are in the urban construction and transport sector. Newly constructed villas can incorporate full precast low-bearing wall systems or be made entirely out of precast, and the construction of rail systems, highways and roads require precast production including pre-stressed beams and road barriers.

Some of the main projects currently underway in these sectors include the Desert Rose Smart City and the Dubai Harbor, both of which are worth more than USD 1 billion, the Dubai Metro Red Line Extension to the Expo site (USD 2.9 billion) and Phase 2 of the Expansion of Al Maktoum International Airport (USD 2 billion).

Discussing the increasing variety of projects in the urban segment, Event Director of The Big 5 Heavy Richard Pavitt foresees that “advancements in technology that allow for a wider application of precast materials will be a huge demand driver for the market”. He adds that “major benefits for adopting precast concrete include cost savings, durability, flexibility, comfort, as well as the solution having environmental benefits.”

The Middle East’s largest construction industry exhibition will host a two-day high level summit before The Big 5 Heavy. The Big 5 Innovation in Precast Summit will be held on 26 & 27 November 2017 at the Dubai World Trade Centre, and in partnership with Betontage, will unveil the latest techniques and technology for the regional precast market as well as a full agenda featuring leading experts in the precast industry.

Held at the same location, The Big 5 Heavy trade fair will run from 26-28 March 2018 and go on to showcase the latest products in precast processing as well as heavy machinery for the transportation and installation of all construction materials. These will be clustered into five product sectors: Middle East Concrete, PMV Live, Foundations & Geotechnical, Mining & Quarrying, and Road Construction.

The event will bring the whole heavy construction industry together with over 350 local and international exhibiting brands showcasing under one roof. The Big 5 Heavy is the largest dedicated heavy construction industry exhibition, organised by dmg events Middle East, Asia & Africa and supported by finished lubricants manufacturer, Caltex (Lubricant Official Partner).

This event is a re-launch of the previously independent Middle East Concrete and PMV Live.

Read the full report, www.thebig5heavy.com/gcc-precast-market-outlook/   

Learn more about the event, www.thebig5heavy.com

Contact us
Elisha Dessurne Public Relations Executive, dmg events Middle East, Asia & Africa
Jessica Scopacasa Public Relations Manager, dmg events Middle East, Asia & Africa
Elisha Dessurne Public Relations Executive, dmg events Middle East, Asia & Africa
Jessica Scopacasa Public Relations Manager, dmg events Middle East, Asia & Africa
About The Big 5

The Big 5 is the construction event providing leading-edge innovation, knowledge, and business opportunities for industry players around the world to connect, grow, and succeed.

Taking place annually in Dubai since 1979, the event has launched hundreds of thousands of products boosting the expansion of emerging markets. It has facilitated partnerships, advanced knowledge and industry best practices, while serving as the gateway for international companies to access the Middle East, Africa and South Asia regions.

The Big 5 covers the full construction cycle; not only does it showcase products across dedicated sectors, it also runs alongside nine specialised events enabling industry professionals to source building solutions from around the globe for every stage of the construction projects: The Big 5 Heavy, Middle East Concrete, Windows, Doors & Facades Event, Gulf Glass, HVAC R Expo, The Big 5 Solar, Middle East Stone, the Urban Design & Landscape Expo, and FM Expo.

The event includes high-level summits, practical seminars, CPD-certified workshops, and The Big 5 Impact Awards to foster collaboration, support best practices, and provide effective solutions to today’s industry challenges.

The Big 5 is organised by dmg events and is free to attend for all pre-registered visitors. 

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To know more, visit www.thebig5.ae


About dmg events

dmg events is a leading organiser of face-to-face events and a publisher of trade magazines.

We aim to keep businesses informed and connect them with relevant communities to create vibrant marketplaces and to accelerate their business through face-to-face events.

dmg events organises more than 80 events across 25 countries, attracting over 425,000 attendees and delegates every year. The company’s portfolio of products includes many industry-leading events in the energy, construction, hospitality & design, coatings and transportation sectors. ADIPEC, The Big 5, Gastech, EGYPS, The Hotel Show and INDEX are the company’s flagship events. For more information visit www.dmgevents.com.

About DMGT

DMGT manages a portfolio of companies that provide businesses and consumers with compelling information, analysis, insight, events, news and entertainment. The Group takes a long-term approach to investment and has market-leading positions in consumer media, insurance risk, property information, education technology, energy information and events & exhibitions. In total, DMGT generates revenues of around £1 billion.




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