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.


Dubai carrier Emirates doubts Boeing 777x aircraft delivery in 2020

Updated 57 min 30 sec ago

Dubai carrier Emirates doubts Boeing 777x aircraft delivery in 2020

  • Emirates is a launch customer of the world’s biggest twin engined jet
  • The US planemaker suspended load testing of the plane when media reports said a cargo door failed a ground stress test

DUBAI: Emirates doubts it will receive any of the 115 Boeing 777-9s it has ordered next year, its president said on Monday, as the US planemaker grapples with challenges in building the jet.
Emirates, a launch customer of the world’s biggest twin engined jet, was to receive its first 777-9 in 2020 but the manufacturer has suspended load testing of the plane.
“... By the end of next year we were to have eight of them. Now it doesn’t look like we will have any,” Tim Clark said at a conference in Dubai.
Boeing suspended load testing of the new widebody in September when media reports said a cargo door failed a ground stress test. There have also been issues with General Electric Co’s new GE9X turbine engine that will power the jet.
Boeing has said it expects to hold the initial flight test in 2020 and is aiming for the 777X to enter commercial service in the same year.
Clark said he had told Boeing he insists on a 13- to 16-month test period for the new jet.
Emirates ordered 150 777X jets, including 777-8 variants, in 2013. It later placed a preliminary order for 40 Boeing 787 Dreamliner jets in 2017, which Clark said he still saw a place for in the airline’s fleet plans.
Boeing has also been unable to deliver any of its 737 MAX aircraft since the single-aisle plane was grounded worldwide in March after two fatal crashes in Indonesia and Ethiopia killed 346 people.
Clark said in September Emirates would not take new Airbus and Boeing planes unless they were truly ready, and said that engine makers Rolls Royce and GE must improve their reliability.
Aircraft manufacturers should not over promise on new aircraft capability, he said on Monday.
Emirates has also signed deals for 40 Airbus A330-900s and 30 A350-900s.