ECA addresses concept of sustainability in smart cities

The forum was attended by global experts, decision makers and local market specialists.
Updated 21 May 2018

ECA addresses concept of sustainability in smart cities

The Economic Cities Authority (ECA) participated in the Sustainable Housing Forum recently held at the King Abdullah Petroleum Studies and Research Center in Riyadh. The forum was attended by Prince Abdul Aziz bin Salman bin Abdul Aziz, state minister for energy affairs and chairman of the executive committee of the Saudi Energy Efficiency Center; Essam H. Al-Mubarak, governor of the Real Estate General Authority; and other officials. The forum, which aims to review the best global sustainability practices in relation to the local market, also witnessed the participation of global experts, decision-makers and local market specialists.
Representing ECA, Ahmad Al-Sharif, director of municipalities and urban planning, delivered a presentation titled “Towards Sustainable Modern Cities,” addressing the PPP-based business model applied in the economic cities and the responsibility of the ECA on the one hand and the master developers on the other hand. The presentation aimed at contributing to sustainable development and the localization of the national capital by attracting quality investments that are in line with the objectives of Vision 2030.
“ECA contributes to social development in the Kingdom by providing a favorable living environment that guarantees residents, visitors and workers of the economic cities a unique quality of life. This is in addition to recognizing the environmental, economic and societal gains, as well as creating the right balance to guarantee long-run continuity as an integrated, active system,” Al-Sharif said.
He added: “In this context, ECA, in partnership with the private sector, is keen on applying sustainability practices starting from the legislation stage until the operation stage, as well as receiving feedback and suggestions for reviews and improvements in order to retain the benefits and offer sustainable, high quality and highly efficient real estate services and products for the housing sector within the economic cities for this generation and those in the future.”
On the sidelines of the forum, ECA, represented by Director General of Real Estate, Municipality and Urban Planning Abdulaziz M. Almohimeed, signed a memorandum of understanding with the Saudi Real Estate Institute, represented by managing director Fawzi S. Al-Oyouni.
The memorandum aims to achieve integration and compatibility between training programs and the business needs inside economic cities to create an attractive real estate environment.
It also aims to qualify national talents and promote job opportunities.

32 countries taking part in Saudi Build 2018

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. (AFP)
Updated 22 October 2018

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.”