The Big 5 Saudi, described as the largest construction event in Jeddah, was opened on Monday.

Inaugurating the event, Jeddah Mayor Hani Abu Ras noted the large number of regional and international companies exhibiting.

“The Big 5 Saudi is one of the largest exhibitions that we make sure we attend. The construction, building material and finishing industry in Saudi Arabia is booming and this exhibition is proof of that. We are proud to exhibit our company here, and we are confident we will benefit positively from our participation,” said Fahad Al-Hossaini from Al-Omran Group.

“Some of these technologies are being seen in Saudi Arabia for the first time,” said Nathan Waugh, portfolio director at DMG Events, organizer of The Big 5 Saudi. “This is a great opportunity for visitors to see what new construction products and technologies are available that could give them a vital competitive edge in their next project.”

A key feature of this year’s event is the collection of certified educational workshops and seminars, which are free to the visitors. The introduction of Saudi FIDIC will be among the many hot topics on the educational agenda as the regulatory environment in Saudi Arabia evolves.

“Saudi FIDIC will be well received by international players in the market or seeking to enter the market,” said Andrew Jones, partner and head of construction — Middle East at law firm Dentons and speaker at The Big 5 Saudi construction exhibition, which continues till March 10.

“Historically, there has been a concern that in order to work on state-sponsored projects, in particular, contractors will need to sign up to unfavorable terms. Adopting a localized version of the FIDIC contracts will encourage parties to review and negotiate the terms and hopefully provide contractors with more comfort regarding their contractual rights and their risk profile.”