New 5 Year Development Plan Boosts Green Building…
December 23rd, 2010
A new 5 year development plan, the 9th, covering government spending from 2010 to 2014 amounts to a staggering US$385 billion and a 67.2% increase over the last FDP.
Of the Kingdom’s US$695 billion worth of projects currently under way some 48% are in the construction sector and signs are positive. Housing is a key priority as building projects can barely keep pace with the growing population. Under the current plan one million new homes will be built by 2014 with the government providing US$26.8 Billion. The overall value of construction projects under the new 5 year development plan is US$420 Billion. Economic growth is forecast at 3.7% in 2011.
Held under the auspices of the Saudi Arabian General Housing Authority, Green Building Design & Interiors Arabia will be a key opportunity for global suppliers in the construction sector to determine their own contribution to the Kingdom’s incredible building programme and demonstrate their eco-friendly credentials. The Kingdom’s commitment to sustainable building programmes, in line with imminent membership of the World Green Building Council, will provide an ideal backdrop to the technology displays and discussion forums at Green Building Design & Interiors Arabia. The show runs 13 – 16 May 2012 at the new Riyadh International Convention and Exhibition Centre.
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