Dubai, UAE: In the backdrop of the Kuwait government allocating USD 68.9 billion towards construction budget for 2016, and MEED estimating planned developments worth USD 123.6 billion to take shape, DMG events, the event organiser of The Big 5 Kuwait has announced that the event will take place from September 25 to 27, 2016, at the Kuwait International Fair. The event, the announcement said, will host over 200 local and international exhibitors across 4,700 sqm of space, where visitors will have the opportunity to source new thousands of certified products and review existing ones, compare prices and meet suppliers from 24 countries.

According to the announcement, last year, The Big 5 Kuwait grew by 21% across all participants, with a 43% growth in international exhibitors. Giving details of what to expect at the event, the announcement said that the latest trends, findings, insights and issues in the sector will be discussed at the event in free-to-attend, CPD-certified workshops, delivered by industry experts from DLA Piper, KEO International Consultants, Kuwait Oil Company and many more.

In addition, a seminar, ‘How to Trade in Kuwait’, will offer useful tips and information to tap into the Kuwait market and effectively conduct business, and a free-to-attend Sustainability Day will offer strategic insights on the topic and highlighting best practices and opportunities for industry players, added the announcement.

Quoting a report from Timetric, the event organiser said that the construction industry in Kuwait is expected to grow at a compound annual growth rate of 6.44% from 2016 to 2020, due to the government developing projects in areas, including rail, infrastructure, road and airport under its Vision 2035 programme.

The Kuwait government’s 2035 economic vision, the event organiser explained, comprises five separate five-year plans that aim to reduce oil dependency by transforming Kuwait into a diversified commercial and financial hub. The latest plan (2015-2020), it added, sets aside USD 116 billion for a broad range of projects including 45,000 new housing units, a metro and railway system and a new refinery.

Ashley Roberts, Event Director of The Big 5 Kuwait, said: “These figures are a clear sign of the show’s success and they are set to grow even further in 2016 as we will bring the best of The Big 5 show to Kuwait tailoring our 36 years’ experience to the needs of the local construction industry.”

“To leverage the fresh momentum experienced by the Kuwaiti market,” he added, “our event will highlight advanced solutions and products for the local construction sector.”

To find out more about the show, visit www.big5kuwait.com.