São Paulo – The real estate sector in Saudi Arabia should grow between 5% and7% a year up to 2012, according to a study disclosed recently by the Global Investment House, an investment bank headquartered in Kuwait. The same report shows that participation of the sector in the economy of the country should reach 7.2% this year, against 6.8% five years ago.
The estimates are based on the strong housing demand in the country and on the launch of large commercial and hotel projects. Just to give an idea, according to Riyadh Exhibitions Company, another 1.5 million new housing units will be necessary by 2015 to supply the growing local population. Riyadh Exhibitions is responsible for Saudi Build, a building sector fair to take place in the Saudi capital.
In this respect, the Saudi demand for products and services connected to the building sector should remain strong in coming years. It is in this scenery that Brazil is going to participate in a series of events in the field in the Middle East up to late 2009.
The first is Saudi Build, to take place from October 4th to 7th, with confirmed presence by 10 Brazilian companies and organisations. They are: Cejatel, in ceramics and wood, Sudati, a maker of plywood, Cláudio Vogel, tiles, WK Comercial, wood, Braminas, a producer of marble and granite, Casagrande, a producer of ceramic tiles as well as trading company DXB, the embassy of Brazil to Riyadh and the Arab Brazilian Chamber of Commerce.
The organization of the Brazilian pavilion is in the hands of company Conceito Brazil, with the support of the Arab Brazilian Chamber and the embassy.
From November 19th to 30th, there should be a trade delegation to the United Arab Emirates and Saudi Arabia promoted by the National Confederation of Industries (CNI). The programme should be developed by the Federation of Industries of the State of Santa Catarina (Fiesc), but is open to companies from all over Brazil. The trip also has the support of the Arab Brazilian Chamber. Enrolment should go on up to September 25th.
Still in November, the Arab Brazilian Chamber is once again promoting Brazilian participation in the Big 5 Show, the largest fair in the building sector in the Middle East, to take place in Dubai, in the Emirates.
The Brazilian stand already has 25 exhibitors enrolled: Pincéis Atlas (paintbrushes), Hidroservice, in the water treatment sector, Joller Toilettes de Luxo, of bathroom porcelain and metals, Formacomp, a producer of plywood, Schulz, compressors, Platform, in the wood sector, Menegotti, a producer of cement mixer lorries, Guidoni, Mineração Santa Clara, MGR and SP Stones, in the stone sectors, Arouca, Poly Hidrometalúrgica, Metalúrgica Meber, Forminox, Crismoe and Soprano, makers of metal products, Itagres, Eliane and Gyotoku, of ceramics, Santa Luzia Molduras, of frames, the Brazilian Association of Architecture Firms (Asbea), as well as WK, Braminas and Casagrande, which are also going to the Saudi Build.
Further information
Saudi Build
Conceito Brazil
Tel.: (+55 11) 3527-5000
E-mail: pportugal@conceitobrazil.com.br
Site: www.conceitobrazil.com.br
Trade Mission
Fiesc
Tel.: (+55 48) 3231-4662
Site: www.fiescnet.com.br/cin/golfoarabico
Big 5 Show
Marketing Department at the Arab Brazilian Chamber
Tel.: (+55 11) 3147-4071 / 72 / 73 / 92
E-mail: marketing@ccab.org.br
Site: www.ccab.org.br
*Translated by Mark Ament
