Riyadh construction show: 500 exhibitors already on board

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Updated 27 August 2013
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Riyadh construction show: 500 exhibitors already on board

Saudi Build 2013, the latest edition of the region’s premier construction event, has confirmed more than 500 exhibitors three months ahead of the show’s kickoff on November 4 at the Riyadh International Convention and Exhibition Center.
The show, now on its 25th year, will reflect how, with around SR375 billion worth of projects on the pipeline, Saudi Arabia continues to be a driving force for construction in the MENA region. So far, 28 countries have assured their participation in the Kingdom’s largest business to business construction fair this year.
Saudi Build 2013, the 25th International Construction Technology and Building Materials Exhibition, will once again be a melting pot of contractors, real estate developers and building owners who will get to explore a full range of the best building solutions out in the international markets.
Many of the leading names in KSA construction will showcase their key developments at the upcoming event; Doka Saudi Arabia, for one, will present its extensive formwork solutions.
Doka has been involved in several of the Kingdom’s mega-projects, including King Abdullah Sport City, King Abdullah Financial District, King Abdullah bin Abdul Aziz project.
Third Saudi Expansion of Holy Haram Makkah and surrounding areas, and King Abdul Aziz International Airport.
Doka and other key players will reveal the unique solutions they employ for various construction requirements and what strategies they use to energize the local markets.
“This is an important year for Saudi Build given its 25th year of existence and its valuable contributions to the ongoing dynamism of the Saudi construction market,” said Zeyad Al-Rukban, assistant general manager, Riyadh Exhibitions Company.
“Companies that have played key roles in growing the local industry such as Doka will make this edition extra-special by sharing the technologies, tools and best practices that have turned the Kingdom into the region’s top construction hub. This year’s edition will be an occasion to both look back at Saudi Arabia’s great accomplishments in the construction field and set better and brighter directions for industry,” said the official.
Saudi Build 2013 will also offer trade visitors exciting displays of the latest and top-notch Building Materials and Equipment, Architectural Finishing Products, Stone, Marble and Granite Products, Construction Tools and Technology, Engineering Services, Infrastructure Materials, and Security and Safety Systems, among others.
The show will serve as the main platform for building new business opportunities in Saudi Arabia’s construction sector through displays and presentations of the latest in technology, machinery and equipment.
Last year’s edition welcomed 812 exhibitors from 34 countries and 22,649 visitors covering an exhibiting space of sqm 26,000; with exhibitor confirmations already in full swing, the 2013 edition is on track to achieve record figures.


BP and SOCAR sign new Azeri oil deal

Updated 19 April 2019
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BP and SOCAR sign new Azeri oil deal

  • The Azeri Central East (ACE) platform, the latest phase of Azerbaijan’s giant Azeri-Chirag-Guneshli (ACG) oilfields extension program, is expected to produce 100,000 barrels of oil a day
  • BP and the government of Azerbaijan extended their agreement to continue developing the ACG fields until 2050 in a major deal in 2017

BAKU: Oil major BP and Azerbaijan’s state energy company SOCAR signed an agreement on Friday to build a new exploration platform for the South Caucasus nation’s three major oilfields, BP-Azerbaijan said in a statement.
The Azeri Central East (ACE) platform, the latest phase of Azerbaijan’s giant Azeri-Chirag-Guneshli (ACG) oilfields extension program, is expected to produce 100,000 barrels of oil a day and cost $6 billion to build, the company said.
The project is one of the biggest upstream investment decisions to have been signed in Azerbaijan so far this year.
The ACG fields, which to date have produced around 3.5 billion barrels of oil, are estimated to have the potential to yield another 3 billion barrels.
BP’s main aim now would be to maximize the extraction of remaining reserves, Robert Morris, senior analyst at Wood Mackenzie, said in a statement.
“ACE is central to those plans, adding 100,000 barrels per day of production at peak in the mid-2020s,” he said.
BP and the government of Azerbaijan extended their agreement to continue developing the ACG fields until 2050 in a major deal in 2017.
Separately, SOCAR and its partners at the BP-led ACG consortium plan to participate in a tender to acquire stakes being sold by two of its members, ExxonMobil and Chevron.
SOCAR President Rovnag Abdullayev made the announcement to reporters following a meeting of senior SOCAR figures on Friday.