RIYADH – Saudi Arabia remains one of the key heavy equipment rental markets in the Middle East with annual revenues exceeding $246 million. Being the Middle East's largest building and construction market with an average annual growth of 7.5 percent, the Kingdom is expected to continue to generate lucrative business opportunities for the construction equipment sector, which analysts predict will sustain an average annual growth of five percent in the next five years. Against this backdrop, Saudi PMV 2012, the 3rd international exhibition for construction equipment, plant, machinery & vehicles, will again serve as a consolidating platform for the Saudi heavy equipment rental market, bringing together key buyers, contractors and entrepreneurs with leading manufacturers, producers and distributors. Ziyad Al-Rukban, Assistant General Manager at Riyadh Exhibitions Company, said: “Saudi PMV serves as an ideal networking and marketing platform that will gather key figures, decision-makers and investors from the global construction industry, specifically those dealing with heavy construction machinery and equipment, including plants, vehicles and machinery. Exhibitors can benefit from maximum brand exposure during the event, while creating exciting opportunities to expand their business contacts in the Kingdom, and explore new deals and investment opportunities. With high-profile personalities attending the event, including Saudi government officials, diplomats, and VIPs, the show is going to create the kind of atmosphere that will help drive construction machinery and equipment businesses forward.” Saudi PMV will be held on Nov.11-14, 2012 at the Riyadh International Convention & Exhibition Centre, at the same time with the Saudi Build 2012, the 24th International Construction Technology and Building Materials Exhibition, and Saudi Stone-Tech 2012, the 15th annual International Stone and Stone Technology and Machinery Exhibition. Saudi PMV is the largest gathering of industry professionals in the region and serves as a solid platform for exhibitors to conduct new business in the Kingdom's lucrative construction market. The event consistently attracts the biggest names and the most prominent local and international companies along with a large number of visitors, including senior officials and decision-makers representing both the private and public sectors. Saudi Build 2012 serves as a key networking platform that will provide contractors, real estate developers and building owners with a full range of construction and building solutions. Saudi Stone-Tech 2012, on the other hand, caters to evolving requirements and changing trends in stone technology products and services. World demand for construction machinery is projected to expand 6.5 percent per annum through 2015 to $171 billion, in line with the 2005-2010 rate of increase. – SG
