13th September 2019

As part of the GM Events’ Construction series, The High-Rise Projects KSA, taking place from 4-5 December, will bring in regional stakeholders and international service providers to discuss best and worst practices in design and construction of high-rise, tall, megatall and skyscrapers in the Kingdom. The High-Rise Projects KSA Forum will also unveil …..

….. a wide range of new building solutions, innovations and equipment used to deliver world class projects on time. The event will cover all aspects of construction, from design through execution and will host practical sessions with implementable takeaways. The event will be inaugurated by Eng. Thabet Mubarek Al-Sawyeed, the Governor of The Saudi Contractors Authority.

The rapid growth of the Saudi population and urbanisation are driving the urban construction sector and are raising the need for high-rise buildings across several cities in the Kingdom. As an effort to diversify Saudi Arabia’s economy and to achieve some of the Vision 2030 goals, Saudi aims to grow the real estate sector’s contribution to GDP from 5 percent to 10 percent by 2030. The value of awarded contracts in Saudi Arabia’s construction sector in 2019 will amount to $44.1 billion.

Furthermore, the Saudi Contractors Authority was formed recently to regulate the kingdom’s contractor industry and to increase mergers and acquisitions in a market. New opportunities for service providers are created as some of the key projects are rekindled by repurposing and fast-tracking to meet the community requirements. The Kingdom currently has over 75 active high-rise, tall & megatall buildings and skyscrapers under various phases of construction.

For more details please click here, or email partnerships@gmevents.ae.