Dhahran construction show attracts over 120 exhibitors

Updated 29 March 2015
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Dhahran construction show attracts over 120 exhibitors

More than 120 local and international companies are showcasing their expertise in building, construction and heavy equipment at BUILDEX 2015.
BUILDEX 2015 — the 17th edition of the Saudi international building and construction exhibition — is being held with the participation of more than 120 local and international exhibitors offering their most distinctive expertise in building, construction, and heavy equipment to contribute to added value for the local market.
The four-day exhibition, organized by the Dhahran International Exhibitions Center, coincides with Heavy Equipment Exhibition at the end of March at the company's headquarter on Dammam-Alkhobar coastal road.
The event has the support of Fahad Al-Jubair, mayor of the Eastern Province, whose patronage has favorably impacted the development work and strengthened the mechanism of communication between the Eastern Province (EP) Municipality and the public in general and the business sector in particular.
The exhibition features the latest innovations in various industries, including construction materials and equipment like ceramic tiles and sanitary, flooring, paints, and finishing materials, engineering and steel techniques, security systems, security and audio systems.
This year’s exhibition is characterized by the international participation from Germany, Italy, China, India, Turkey, Greece, the UAE, Bahrain, Qatar and Egypt.
The company said it has allocated 7,200 sqm indoor space and 18,000 sqm outdoor space to showcase construction equipment and machinery, such as heavy equipment, cranes, tractors and bulldozers, lifting and handling equipment.
The Buildex 2015 is stated to be a platform for contractors and entrepreneurs to show their projects to potential global markets.
"The EP provides the ideal location for BUILDEX as it is a key part of the boom in the construction sector, with the figures for Saudi Arabia clearly reflecting huge market potential," the organizers stated.


UAE’s Central Bank reshuffles board of directors

Updated 17 December 2018
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UAE’s Central Bank reshuffles board of directors

DUBAI: The UAE Central Bank’s board of directors has been reshuffled under a decree by President Sheikh Khalifa bin Zayed, according to the state news agency WAM.
Central Bank Gov. Mubarak Rashed Khamis Al-Mansoori has been reappointed for the next four years, the agency said.
Other members of the board reappointed for the next four years include Hareb Masoud Hamad Al-Darmaki as chairman; Abdulrahman Saleh Al-Saleh as vice chairman; and Younis Hajji Al-Khoori, Khalid Mohammed Salem Balama, Khalid Ahmed Altayer and Ali Mohammed Bakheet Al-Rumaithi.
The central bank said in a statement it had been working with the bank and the government of Sharjah to develop a plan to strengthen the lender’s capital base.
The UAE central bank said it would “support Invest Bank with all the available liquidity facilities, which remain at Invest Bank’s disposal; if, and when, needed.”