1,600 construction projects worth $560 billion active in UAE


Source.  www.zawya.com

The Big 5 PMV, the Middle East’s leading exhibition dedicated to plant, construction vehicles, machinery and equipment, was opened in Dubai on Monday by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, as new research provided a positive outlook for the industry.

An impressive international assembly of contractors, developers and suppliers have gathered at the Dubai International Convention and Exhibition Centre for the four-day event, encouraged by reports of the construction industry’s resilience.

According to recent research, an estimated 1,600 projects worth over $560 billion are active in the UAE alone.

The exhibition provides a platform for firms to increase their presence in the region and unveil new products for 2011. For example, Abu Dhabi based Foresight Group GCC is introducing its Synionic oil additive product, which it claims dramatically prolongs engine lives leading to major savings on spare parts.

Back for the second year are JCB’s Dancing Diggers, a mechanical dancing troupe famous for dare devil stunts, magic and formation dancing, intermingled with lots of comedy during a musical performance.

JCB will also showcase two of its new generation of products: a new walk behind roller, the VMD70 and a new eco backhoe loader, the latest version of the original backhoe loader which first rolled off the production line in 1953.

Other companies showcasing new products at the Big 5 PMV include Fibo intercon, a leading Danish supplier to the global concrete industry which manufactures and delivers mobile, semi-mobile and stationary concrete batching plants.

The exhibition will also cater for construction firms still trying to shrug off the effects of the economic crisis during a two-day Plant and Vehicle Management Best Practice Workshop which will run on November 23-24.

Now in its fourth year, the Big 5 PMV takes place inside The Arena, Sheikh Saeed Halls.  Part of the Big 5, the Middle East’s largest construction industry event, the specialised exhibition for plant, machinery and construction vehicles allows key buyers from across the region and oversees to meet face-to-face with leading manufacturers and suppliers.

In celebration of signs of the industry’s recovery, select restaurants at Jumeirah Emirates Towers are offering a 15 per cent discount on food to exhibitor and visitor badge holders this week.  And for the first time, visitors can travel to and from the exhibition venue via the Dubai Metro, since Dubai World Trade Centre metro station is conveniently located adjacent to the venue.