Saudi Arabia will be on the lookout for foreign suppliers of building technology at the Big 5 exhibition this week.
Officials will also showcase flagship digital platform as the country seeks to stimulate the use of modern methods of construction (MMC) to achieve the ambitious goal of building 340,000 housing units by 2023.
Muhab Benten, CEO of the Building Technology Stimulus Initiative (BTSI), said: “We have developed an agency that brings together state and private funding sources, constructors and factories, and of course customers.”
Benten will also be present to give a speech during the conference about how BTSI is driving the building technology market in the kingdom.
This year, the event will showcase MMCs for the first time, and BTSI intends to seize the opportunity to raise awareness among providers and visitors about its capacity to facilitate market entry in Saudi.
BTSI was established back in 2018 as part of The Private Sector Stimulus plan, with the aim to stimulate the adoption of MMC in the construction sector.
The initiative plays a huge role in achieving goals of Vision 2030 through stimulating the supply side of MMC sector and raising awareness about MMCs benefits among the public.
It connects all of the players in the value chain of the building industry from MMC providers to contractors, real estate developers, architects, and citizens.
The Big 5 will take place between 25 and 28 November at the Dubai International Exhibition Center.