Huge Projects in Multi-Billion Dollar Saudi Construction Boom Fuel Demand for Stone & Stone Technology
A multi-billion dollar Saudi construction boom, propelled by high-oil-price-generated excess liquidity, a strong economy, and a growing population has prompted strong demand in Saudi Arabia for stone and stone technology. Dozens of huge construction projects are already underway or in the pipeline. The Government is expected to disburse billions of dollars on municipality upgrades and overhauls, hundreds of thousands of housing units needed to accommodate the expanding population, and projects involving hospitals, universities and hundreds of new factories. That's on the public sector side. The private sector, too, is fuelling fast-paced construction sector expansion with multibillion-dollar projects including office complexes, luxury hotels, shopping centers, housing communities, malls and restaurants. Within the next year alone, Saudi Arabia is going to witness construction of around 800,000 new homes, half a million of them in the capital Riyadh, whose population is set to double from three to six million within the next decade.
International Stone Industry Decision-Makers Rushing to Invest in Saudi Arabia's Lucrative Stone Technology Sector
This beehive of construction activity has naturally created massive knock-on demand for the full range of stone products and international avant-garde stone technology. International stone industry investors are leaping at the opportunity to invest in one of the region's most exciting, and lucrative, markets.
From marble, granite, travertine and stone derivatives, to cutting, polishing and manufacturing machinery, it's all going to be on display at Saudi Stone 2007 - under the watchful eyes of top regional buyers and distributors, who will be seeking to acquire the very latest in stone technology products.
Saudi Arabia enjoys its own non-metallic mineral resources, like clay, limestone, glass sand, and gypsum. But as the construction boom has gathered pace in Saudi Arabia and the region, propelled in part by the immense rebuilding effort underway in Iraq, it has become necessary to upgrade and expand mineral treatment plants. Here, too, exciting opportunities have been created for regional and international investors.
Saudi Stone 2007: In a Vibrant, Growing Capital, at the Center of an Exciting Regional Construction Boom, Top Stone Industry Contacts
Nowhere in Saudi Arabia is construction activity more intense, nowhere is more being spent on multibillion dollar construction projects, and nowhere is demand for stone and stone technology stronger than in the thriving, expanding Saudi capital Riyadh. [
And that's precisely where top stone industry professionals and trade buyers are going to gather for Saudi Stone 2007, to strike investment deals, consolidate brand exposure, and meet the well-placed public and private sector decision-makers who can streamline business initiatives. Saudi Stone 2007 is going to offer participants a unique window of investment access to one of the most exciting stone and stone technology markets around.
