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.


GCC citizens eye properties in Oman as number of buyers rises

Many Gulf nationals often buy properties in prominent tourist spots. (File/AFP)
Updated 21 October 2018
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GCC citizens eye properties in Oman as number of buyers rises

  • An increase of 17.63 percent has been recorded

DUBAI: The number of GCC citizens buying properties in Oman has risen by 17.63 percent according to the country's National Center for Statistics and Information, local daily Times of Oman reported on Sunday.

The statistics show that 1,038 properties were purchased by GCC nationals in August 2018, compared to the 855 purchased last year.

“The increase in the number of GCC nationals’ ownership of plots in Oman is because they benefit from the returns on investment in the real estate sector and its value, compared to some other Gulf states. Some of them also buy plots because they have relatives in Oman and want to live near them. Some have inherited land plots because they are of Omani origin, in addition to the desire of many investors to own property in some provinces because of the weather and moderate climate,” an official from Oman’s housing ministry said.

GCC nationals often buy properties in prominent tourist spots in Oman, according to Ahmed Al-Hooti, a member of the Oman Chamber of Commerce and Industry.

“Many nationals from Saudi, Qatar, UAE and Bahrain come here and buy properties in popular tourist spots such as Salalah, Masirah Island, and eastern beaches such as Ras Al Hadd for activities such as fishing,” Al-Hooti said.