Exhibition Introduction.
Exhibition time: September 02-04, 2024 Exhibition location: Riyadh International Convention and Exhibition Center.
Organizer: DMG Exhibition Type: Intelligent Manufacturing.
Founded in 1989 and headquartered in Dubai, UAE, the exhibition is organized by the British DMG Group, which organizes more than 80 events in 25 countries and regions, attracting more than 425,000 attendees and delegates each year.
With a $26 billion investment from the Saudi National Industrial Development Center (NIDC) and the ambitious goal of tripling the industrial sector's GDP in the Saudi Vision 2030, the Kingdom is poised to push its industrial capacity to new heights. KSA revealed that these investment opportunities in the machinery and equipment industry will span key sectors such as construction, manufacturing, agriculture, retrofit industries, etc., providing a lucrative avenue for investment and cooperation.
Under this opportunity, the Saudi Machinery Manufacturing Exhibition will be held on September 02-04, 2024 at the Riyadh International Convention and Exhibition Center in Saudi Arabia, with more than 300 exhibitors from all over the world participating in the exhibition, with an estimated exhibition area of 11,000 square meters. The event will be a hub for tremendous growth in the machinery and equipment industry, providing a platform for showcasing innovations, forging valuable partnerships and tapping into the huge potential of the Saudi market.
Market opportunity. Since the introduction of Saudi Arabia's "Vision 2030", the first departments and major enterprises have increased the pace of infrastructure construction in order to implement the strategy, NEOM New City (500 billion US dollars), Qiddiya Entertainment City (4 billion US dollars), Red Sea Tourism (10 billion US dollars) and other giant projects have been launched, these investment projects will contribute to the rapid growth of Saudi Arabia's industry and have a huge demand for industrial machinery and equipment.
Amid growth plans, surging demand, and rapid technological advancement under Saudi Vision 2030, Saudi Arabia's machinery industry is poised for unprecedented expansion. Saudi Arabia will invest $26 billion in more than 50 infrastructure construction projects, and there is a huge demand for construction machinery. According to statistics, in 2023, Saudi Arabia's industrial cities attracted 7At $3.8 billion, investment in the country's industrial cities soared by a record 23 percent, attracting 1,226 factories from 67 countries, including Egypt, Jordan, India, the United States and the United Kingdom.
In recent years, industry has become one of the fastest-growing industries in Saudi Arabia, the demand for construction machinery, machine tools, metal processing and manufacturing, tools and parts has increased greatly, and the construction machinery market in Saudi Arabia still has a lot of room for development.