Organizers of The Big 5 Exhibition noticing signs of upturn

With an increase in exhibitor space and with the pre-registrations already standing at record levels, the organizers of The Big 5 Exhibition are noticing positive signs for an upturn in the construction industry in the UAE.

Being the leading international building and construction show in the region, The Big 5 Show will be held between the 23rd and 26th November at the Dubai World Trade Center.

Registration is already positive, with visitors from more than 70 countries, having signed up to attend the expo, the event organizers dmg, said. The show is hoped to be 15 percent bigger than the previous year in terms of exhibition space and new halls have been constructed at the venue.

The exhibition space is almost fully sold out, with 92 percent of the 43,000 m2 floor space booked. Among the exhibitors are RAK Ceramics and Exeed Industries, Emirates Steel Industries, Climatech, French Euroslot, Dectron, Tekmar, Tongby Control Technology, Zaragoza, Lapesa Group, Tekmar marble, and more.

The Big 5 Exhibition is more like a barometer for construction sector, as the business has begun to stabilize and we are positive, the organizers said. Although, this has been a year of slowdown in growth in construction sector, The Big 5 has come at a time when the industry has begun to look forward again, and this will help in putting considerable amount of speculation to rest, they said.

The Dmg research has shown that despite the economic downturn, the Middle East construction sector will maintain an annual growth rate of 3.5 percent during the next five years, ranking as third, behind Asia, while also being considerably ahead of Europe and North America.

Contrary to the widespread belief that all construction has stopped, there are still considerable projects in pipeline, worth a total value of $3.1trillion across the Middle East. The UAE leads the project market, accounting for 42 percent of total project value, while Bahrain has more than doubled its project value touching $68billion and those in Qatar have increased by 71 percent in the last year.

The Big 5 will bring together an impressive line-up of value-added elements too, such as Product Seminars, Key Buyers Programme, Conference Programme and the acclaimed Gaia Awards.

Posted on 30/9/2009

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