Saudi Arabia to award $80b contracts in 2013

Meed forecasts that more than $80 billion worth of contracts will be awarded in Saudi Arabia in 2013, a 36 per cent increase from the total value of projects awarded in 2011, making the kingdom the number one opportunity in the Middle East region for contractors, consultants and vendors. Gathering some of the industry’s most important stakeholders — from project owners to contractors — the Saudi Mega Infrastructure Projects Summit presents exclusive macro-economic analysis and market forecast for Saudi Arabia from Jadwa Investment and Meed Insight, two of the leading thought leaders in the projects industry in the region. “With a massive projects industry still opening up opportunities, the Saudi Mega Infrastructure Projects Summit is a key introduction for those looking to enter the Saudi market for the first time, as well as an excellent platform for those eager to strengthen their profile in the kingdom,” said Edmund O’ Sullivan, chairman of Meed Events. The summit coincides with the World Green Building Week, or WGBW, from September 17-21, which aims to shine a spotlight on the key role of buildings in conserving resources, saving money and creating jobs while providing healthier places to live and work. The aims of the WGBW and its importance to Saudi Arabia’s project portfolio will be highlighted at the Summit by Faisal Alfadl, President of FA Partners and founder of the Saudi Green Building Council. Summit attendees will be able to hear from project clients and leading contractors present and discuss the ongoing and planned projects in the transport, real estate, and power and water sectors in Saudi Arabia. From : Khalij