Riyadh hosts Automechanika 2018
Riyadh hosts Automechanika 2018
Ahmed Pauwels, CEO of Messe Frankfurt Middle East, said: “The decision to allow women to drive from June 2018, along with other recent economic initiatives, bodes well for many industries, however, the Kingdom’s automotive aftermarket is among those that could benefit the most.
“Saudi already has more than 7 million passenger vehicles in operation, and this will increase significantly in the coming years, with potentially 9 million new drivers added to the roads.”
He said: “Automakers will be the first to benefit, along with banks and insurance companies that finance and underwrite new car purchases, however, the aftermarket comes next when these millions of additional cars require regular repair and maintenance, replacement parts, tires, batteries, accessories, car care and grooming.”
Pauwels comments come ahead of the inaugural edition of Automechanika Riyadh, the largest dedicated trade show for Saudi’s aftermarket in the Kingdom’s Eastern and Central provinces.
The biennial three-day event takes place from Feb. 5-7 at the Riyadh International Convention and Exhibition Center, and will feature more than 150 exhibitors from 20 countries.
“Revenues for Saudi’s aftermarket, including tires, batteries, lubricants, and other engine components and accessories, were worth more than $6.7 billion in 2016, so it’s already a significant market, and the largest in the Middle East,” he said.
Other headline exhibitors at the event include Dubai-based Mineral Circles Bearings (MCB), Japan Toyomoto, American headquartered Donaldson, Germany’s ZF Services, and Spain’s Blinker. The event will also feature country pavilions from Germany, Italy, Spain, UK, and China.
The event is the 17th global instalment of Automechanika, the world’s most successful automotive aftermarket trade fair brand.
Hadi Al-Harith, CEO of Ace Group, said: “It gives us great pleasure to continue our association with Messe Frankfurt Middle East and extend the reach of the Automechanika brand into Saudi’s Central and Eastern regions.
“Saudi decision to allow women to take to the wheel in the Kingdom is a good news for aftermarket stakeholders, and will add to the buzz on Automechanika Riyadh’s show.”
32 countries taking part in Saudi Build 2018
The Riyadh Exhibitions Company Ltd. is hosting Saudi Build 2018 from Monday to Thursday at the Riyadh International Conference and Exhibition Center. The Saudi Export Development Authority, which seeks to strengthen Saudi Arabia’s non-oil exports in line with Saudi Vision 2030, is the event’s platinum sponsor.
The event comes at a time when the Saudi building equipment market is steadily growing. The industry is expected to achieve a compound annual growth rate of 3.1 percent between 2017 and 2022.
The 30th edition of the largest international construction technology and building materials exhibition in Saudi Arabia brings together local and international experts, decision-makers, and leaders to discuss emerging investment opportunities arising from the government’s $3.5 billion allocation for the construction of roads and bridges this year. Allocating higher funds aims to further diversify the Kingdom’s economy in line with Saudi Vision 2030.
Mohammad Al Al-Sheikh, head of marketing, Riyadh Exhibitions Company Ltd., said: “Saudi Build 2018 is taking place amid increased construction activities, especially in the industrial and commercial sectors, in the local market in keeping with the goals of the National Transformation Program 2020 and Saudi Vision 2030. The event will give all participants a direct access to the promising opportunities the Saudi market has to offer. Investors interested in entering the domestic market and beating the competition will benefit from the event. This year, it will focus on sustainable construction, which plays a key role in the government’s economic diversification plan and sustainability goals. Investors and decision-makers from the government and private sectors are expected to attend to explore current and future construction projects in Saudi Arabia. The construction sector now accounts for 45 percent of the total construction industry in the Middle East.”
Saudi Build 2018 will be held in conjunction with Saudi Stone Tech 2018 and Saudi PMV Series 2018. All three events will give visitors deep insights into the latest innovations and developments in the construction sector. Saudi Build 2018 is expected to bring together 512 exhibitors from 32 countries and more than 15,000 visitors who will participate in the event’s interactive presentations and workshops.
Al Al-Sheikh added: “Saudi Build 2018 is a result of our long efforts to create a world-class platform for local, regional and international building and construction industry leaders, backed with 38 years of experience in organizing a series of leading exhibitions and conferences that contribute to the growth of the Saudi economy. We are optimistic that the event will further enhance the confidence of the international community in the domestic construction industry.
The value of the country’s current construction projects is at $284.3 billion, while over 700 projects are expected to be launched in the coming months and to be completed by 2022.”