The Big 5 Dubai, The Five Major Industry Exhibitions In The Middle East In 2023
The Big Five Industry Exhibition in Dubai in the Middle East (BIG 5, referred to as the Big Five Industry Exhibition in Dubai) was founded in 1980. It is a large-scale and influential construction and building materials exhibition in the Middle East, covering building materials, hardware tools, ceramic sanitary ware, air conditioning and refrigeration. , construction machinery and other industries, after nearly 40 years of development, it has become the benchmark for exhibitions in the Middle East construction industry.
Today, the boom and continuous development of the construction market in the Middle East has driven strong demand for construction equipment, materials, construction machinery and vehicles, and has attracted global attention. The number of exhibitors in Dubai's five major industry exhibitions in 2023 is expected to reach 3,000, and the number of visitors expected to exceed 60,000.
In addition to being held in Dubai, the five major industry exhibition series (Big5) has also been extended to Saudi Arabia (Riyadh), Nigeria, Kenya, Egypt, Ethiopia, South Africa and Qatar, becoming a well-known brand throughout the Middle East and Africa.
According to data released by the Middle East Economic Digest (MEED) GCC National Construction Industry Report (2014 Edition), the amount of construction project awards in the GCC countries in 2030 will reach 250 billion US dollars, and the civil construction market has recovered significantly. The report points out that the civil construction market has become the majority of engineering projects in the GCC countries, mainly due to the growing economies and populations of countries such as the United Arab Emirates, Saudi Arabia, and Qatar. Countries have invested hundreds of billions of dollars in infrastructure construction and upgrades. In the medium term, the strong trend of high oil prices and population growth will not change, and these factors have also contributed to the prosperity of the market.
There are currently more than 23,000 active projects in the Gulf construction market, with a total value of more than $2.3 trillion. These projects span urban construction (mainly buildings), industry, transportation, oil & gas, and public facilities. Among them, the UAE accounts for 61.5%, ranking first among the countries in the Gulf Area. at present. The UAE hospitality industry has 543 active projects worth US$67.5 billion, accounting for 13% of the total value of active projects in the construction industry. In 2018, the UAE announced projects worth $2.37 billion. Some notable projects that have been announced include: North Barrier Resort (located on Sand Island, Abu Dhabi), Rove Mina Seyahi (located in Dubai Marina and Deira Island).
The "Observation Report on Chinese Investors' Investment Confidence in the Middle East" released by PwC in July this year shows that Chinese companies are optimistic about the development prospects of the Middle East market, although the regional industrial structure is overly dependent on the oil economy. There are still certain challenges in the stability of policies such as laws, laws and taxation. 82% of Chinese-funded enterprise respondents said that they are planning or continuing to delve into the Middle East market. Among them, Saudi Arabia and the United Arab Emirates will still invest in the Middle East in the next 3 to 5 years. Main destinations.
The report shows that Chinese investors operate throughout the Middle East, with the United Arab Emirates and Saudi Arabia being the most important markets. 83% and 73% of the respondents respectively stated that they have business and market expansion activities in these two countries. More than half of the companies surveyed have set up headquarters in the Middle East, and 82% of the companies surveyed have their headquarters in the United Arab Emirates. Companies surveyed that have been deeply involved in the Middle East market for more than 10 years accounted for 45% of the total, mainly concentrated in the two major industries of energy and infrastructure.
Since the formal establishment of diplomatic relations between the UAE and China on November 1, 1984, the political relations between the two countries have become increasingly mature, and the two countries have carried out extensive cooperation in all fields. The UAE was the first Gulf country to establish a strategic partnership with China. Currently, the UAE now has more than 4,000 Chinese companies with an investment of US$1.66 billion, and the Gulf construction market projects are active.
BIG 5, the five major industry exhibitions in Dubai in the Middle East in 2022, has returned to its pre-epidemic scale, with a total area of nearly 110,000 square meters, and more than 150 exhibitors from China, South Africa, Turkey, India, the United States, Russia, Australia, Germany, Italy, Singapore, France, etc. More than 2,600 exhibitors from across the country participated in the exhibition, with 55,000 participants. The exhibition held more than 110 exchange meetings and seminars during the same period. It is expected that more than 200 Chinese exhibitors will participate in this exhibition.