KSA imports USD 15 billion of industrial machineries annually
Saudi Arabia has emerged as one of the most lucrative destinations for industrial machineries with total imports valued at around USD 15 billion annually.
Aggressive investment initiatives in the industrial sector has likewise created exciting business opportunities for industrial machineries as industrial investments have reached USD 37.70 billion in 2010, up from USD 24.57 billion in 2009.
Makinat Saudi Arabia 2011 – The International Trade Exhibition for Industrial Machinery, Machine Tools, Equipment & Technology for Saudi Arabia, has been organised to complement the robust business climate within the industrial sector and provide a definitive business-to-business platform for trade buyers and leading suppliers to interact and discuss mutually beneficial business opportunities. Makinat Saudi Arabia 2011 will be held at the Riyadh International Convention & Exhibition Center and will run from November 28th to December 1st, 2011.
Kamil Al Jawhari, Project Manager of Makinat Saudi Arabia at Riyadh Exhibition Company, said: “The industrial sector has achieved a remarkable growth pace in recent years, creating an unprecedented surge in demand for a wide array of industrial machineries, tools, spare parts and technologies. We expect Saudi Arabia to continue to move forward with its industrial diversification strategy, which is a key component in the Kingdom’s mission to further strengthen the national economy. Makinat Saudi Arabia 2011 will add momentum to the sustained growth of the industrial sector by creating a definitive venue to discuss business opportunities and to showcase the latest technological advances, state-of-the-art machineries and best practices in the industrial sector.”
Makinat Saudi Arabia will be presenting the latest developments in machinery, machine tools, equipment, accessories and spare parts from regional and international manufacturers and suppliers. The event also provides opportunities to network with the Kingdom’s leading industrial players and to sign new dealership and business agreements.