Riyadh governor inaugurates Saudi Build exhibition

Riyadh Gov. Prince Faisal bin Bandar inaugurates Saudi Build 2019 at the Riyadh International Convention & Exhibition Center. (Photo/Supplied)
Updated 08 October 2019

Riyadh governor inaugurates Saudi Build exhibition

  • The exhibition will provide opportunities for investors who are eager to enter the Saudi market

RIYADH: Riyadh Gov. Prince Faisal bin Bandar inaugurated Saudi Build 2019 at the Riyadh International Convention & Exhibition Center on Monday.

The construction exhibition — which takes place on Oct. 7-10 — will provide opportunities for investors who are eager to enter the Saudi market.

Mohammed Al-Sheikh, head of marketing and corporate communications at the REC, thanked Prince Faisal for his patronage and said: “This exhibition brings thousands of local and international businessmen, exporters, manufacturers, industry specialists, importers and decision-makers under a single platform to explore the phenomenal opportunities that the nation’s largest sector has to offer.”

Al-Sheikh added: “Saudi Build 2019 will display innovative infrastructure capabilities, inspiring advancements in the building arena, and state-of-the-art technologies in the field of materials science.”

FASTFACT

• The construction exhibition will provide opportunities for investors who are eager to enter the Saudi market.

• The Saudi construction sector has been experiencing significant growth since the announcement of the ambitious Vision 2030 plan.

He said: “The exhibition will bring over 600 local, regional and international organizations together on a single platform, allowing them to network with industry influencers, decision-makers and professionals, and explore unmatched investment prospects in Saudi Arabia’s promising construction sector, which holds the biggest potential in the GCC (Gulf Cooperation Council).”

The Saudi construction sector has been experiencing significant growth since the announcement of the ambitious Vision 2030 reform plan in April 2016.

Al-Sheikh said the Kingdom aspires to be a logistics powerhouse connecting Asia, Europe and Africa.

To achieve this, the government has approved tremendous investment in the construction of ports, railways, airports and roads to enhance the Kingdom’s interconnectivity and facilitate the flow of raw materials, capital and human resources.

“As the Kingdom strives to achieve further economic integration with GCC countries, the building and construction sector is expected to play a pivotal role in completing this process,” Al-Sheikh said.


China's aviation regulator raised concerns with Boeing on 737 MAX design changes

Updated 12 December 2019

China's aviation regulator raised concerns with Boeing on 737 MAX design changes

  • China is reviewing the airworthiness of the plane
  • China was first country to ground plane in March

BEIJING: China’s aviation regulator raised “important concerns” with Boeing Co. on the reliability and security of design changes to the grounded 737 MAX, it said on Thursday, but declined to comment on when the plane might fly again in China.
China is reviewing the airworthiness of the plane based on proposed changes to software and flight control systems according to a bilateral agreement with the United States, Civil Aviation Administration of China (CAAC) spokesman Liu Luxu told reporters at a monthly briefing.
He reiterated that for the plane to resume flights in China, it needed to be re-certified, pilots needed comprehensive and effective training to restore confidence in the model and the causes of two crashes that killed 346 people needed to be investigated with effective measures put in place to prevent another one.
China was the first country to ground the 737 MAX after the second crash in Ethiopia in March and had set up a task force to review design changes to the aircraft that Boeing had submitted.
The US Federal Aviation Administration (FAA) will not allow the 737 MAX to resume flying before the end of 2019, its chief, Steve Dickson, said on Wednesday.
Once the FAA approves the reintroduction into service, the 737 MAX can operate in the United States, but individual regulators could keep the planes grounded in other countries until they complete their own reviews.
“Due to the trade war, the jury is still out on when China would reintroduce the aircraft,” said Rob Morris, Global Head of Consultancy at Ascend by Cirium.
Chinese airlines had 97 737 MAX jets in operation before the global grounding, the most of any country, according to Cirium Fleets Analyzer.