KSA’s construction sector contributes around 8 per cent of Saudi Arabia’s total GDP, making it the largest construction market in the Middle East and is expected to continue its growth in the next few years with the value of projects planned and under way estimated to be over $999bn (SAR3.75tr).
Around 67 per cent of construction investment is direct from the government with large-scale projects in the sector for the coming years set to reach $800 billion.To complement the growth and development across Saudi, the government has made its largest allocation of $168bn (SAR630bn) for the 2015 budget toward the transport and infrastructure sector.
However, with the expected slowdown due to reduction in Oil & Gas prices coupled with deducted government investments, it calls for evaluation of the current construction practices and improvising them to make them future ready. There are many industries which can be benefitted from the pre-set structures such as Oil & Gas, Infrastructure and Urban Planning, Hospitality, Healthcare, Housing and Resorts to name a few.
Modular construction has evolved to work with levels of design and construction sophistication that exceeds all expectations of construction. Although, a range of challenges including scant design change possibilities, difficulties of transporting and lifting large scale modules coupled with shortage of local capabilities of prefabrication and modular construction cloud the said construction method vis-à-vis traditional method of construction.
Information Exchange Group is organizing the KSA Prefabrication and Modular Construction Summit which will provide opportunity to see various facets of Modular Construction from perspectives of Architects, Designers, Project Managers, Construction personnel, Procurement and Logistics among others. It endeavours to provide attendees exposure to various diverse aspects such as sustainability, manufacturing, construction, installation, quality control, procurement, transportation etc.
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