ICCE to spotlight Saudi contracting sector

The Saudi construction sector is undergoing a massive transformation with a number of major building projects being planned at the moment.
Updated 13 September 2018
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ICCE to spotlight Saudi contracting sector

A new exhibition and conference dedicated to Saudi Arabia’s contracting sector is launching in Riyadh next week, where government authorities, regulators, and key industry players will join forces to develop the Kingdom’s $1.4 trillion construction market. 

The 1st International Contracting Conference and Exhibition (ICCE), will take place from Sept. 16-17 at the Riyadh International and Convention and Exhibition Center.

The two-day event is held under the patronage of Dr. Majid bin Abdullah Al-Qassabi, Saudi minister of commerce and investment, and hosted by the Saudi Contractors Authority, a newly formed government authority responsible for regulating the Kingdom’s contractor industry and increasing mergers and acquisitions in a market where construction projects are expected to surge in the coming years. 

According to Project Intelligence Platform Ventures ONSITE, as of September 2018, the total value of Saudi construction-related projects, comprising buildings, industrial, power and water, oil and gas, and infrastructure, is estimated to be worth $1.4 trillion. Meanwhile, new Saudi construction contractor awards are estimated to grow to $44.1 billion in 2019, compared to 2018’s value of $26.3 billion. 

Thabet Mubarek Al-Sawyeed, governor of the Saudi Contractors Authority (SCA), said the 1st ICCE is formed under the guidance of Saudi Vision 2030. “As part of Vision 2030, Saudi Arabia is going through immense change, and part of this change is to achieve a sustainable contracting sector for the Kingdom,” said Al-Sawyeed.

“In line with King Salman’s vision, the SCA’s mandate is to organize, develop and regulate Saudi’s contracting industry, enabling it to build competent capabilities and to raise the standards produced by the sector, thereby establishing a safe and secure work environment.

“We’re therefore launching the ICCE under the theme of ‘Building the future with confidence.’ Its aim is to not only create business opportunities, but to solve challenges in the contracting industry, encourage creativity, enhance communications, educate, facilitate and advocate not only SCA members, but the construction industry as a whole,” added Al-Sawyeed.

The 1st ICCE is co-organized by Messe Frankfurt Middle East, and Saudi-based ACE Exhibitions. Key sponsors onboard for the inaugural showpiece include Strategic Diamond Partner Al-Bawani; Platinum Partners Riad Bank and Shibh Al-Jazira Contracting Company; Gold Partners SAPAC and ANB; and Silver Partners Nesma and Partners Contracting, Saudi Tumpane, Mohammed Al-Ojaimi Group, and TAMIMI Pre-Engineered Buildings.

Ahmed Pauwels, CEO of Messe Frankfurt Middle East, said: “The Saudi Arabian construction sector is undergoing a massive transformation, with the likes of Neom Business City and The Red Sea Project just a couple of examples of major building projects being planned at the moment.” 

The two-day summit features an expert panel of more than 35 speakers. 


STC wins Ookla award for fastest network in KSA

A man passes the Saudi Telecom STC office in Riyadh, Saudi Arabia February 6, 2018. (REUTERS)
Updated 20 January 2019
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STC wins Ookla award for fastest network in KSA

Ookla, the company behind Speedtest for internet testing and analysis, has recognized Saudi Telecom Company (STC) as the “fastest mobile network” in Saudi Arabia. STC achieved a speed score of 29.99 Mbps, with an average download speed of 32.95 Mbps.
The award is an outcome of millions of tests actively initiated by customers across the network to check internet speeds using various applications, and web and mobile platforms.
The Speedtest awards for top providers are determined using a “Speed Score” that incorporates a measure of each provider’s network speeds (download and upload) to rank network speed performance. The STC network was determined as the fastest in the Kingdom.
The telecom giant plans to increase this speed dramatically in the next couple of years to provide “impressive speeds and incorporate future services with KPIs (key performance indicators) targeting higher data rates, very low latency, massive device connectivity, IoT and energy efficiency services.” To achieve this, STC is transforming its existing network, upgrading its 4G-LTE network and rolling out the 5G network.
Haithem Al-Faraj, senior vice president, tech and ops, STC, said: “Our mission has always been to enrich society by providing second-to-none experience with the network. We are continuously improving our network speeds and rolling out new network technologies and services. STC 4G network is transforming all the time to provide remarkably faster speeds.”
He added: “We are also commercially rolling out the 5G network to introduce innovative services to our deserving customers in the Kingdom of Saudi Arabia and across the region. This esteemed Ookla award is a true manifestation of STC efforts to continually improve the network and get the network ready for the digital era, and to meet the Kingdom’s Vision 2030.”
We are very proud of this award and look forward to many similar awards and successes in the near future.”
STC is playing a pivotal role in the Kingdom’s Vision 2030 as an enabler for digital transformation in the public and private sectors and in the development of telecommunications and ICT infrastructure.