logo
ICC puts spotlight on innovative construction methods, digital tools

ICC puts spotlight on innovative construction methods, digital tools

Trade Arabia16-02-2025
This year's International Contracting Conference (ICC), held as part of Big 5 Construct Saudi, put spotlight on the transformative impact of Vision 2030 as well as innovative construction methods and digital tools for project management, said the organisers.
The two-day event, organised by dmg events in partnership with the Saudi Contractors Authority (SCA), kicked off on the opening day of Big 5 Construct Saudi bringing together senior government officials, industry leaders and experts to discuss the future of construction in Saudi Arabia.
The 13th edition of Big 5 Construct Saudi was inaugurated by Mohammed Abdulaziz Alajlan, Chairman of the Board of Directors of Saudi Contractors Authority (SCA) at the Riyadh Front Exhibition and Conference Center at Roshn Front unveiling its new two-week format designed to meet the increasing market demand and sector-specific growth opportunities within Saudi Arabia's construction industry.
It is co-located with key events including Heavy Saudi Arabia, Totally Concrete Saudi Arabia and HVAC R Saudi Arabia.
Addressing the audience during his keynote speech at the ICC, Alajlan said: "Now in its 5th year and held alongside Big 5 Construct Saudi, ICC serves an important platform for thought leadership and strategic discussions that will shape the future of the construction industry as Saudi Arabia accelerates towards its Vision 2030 goals."
"As a testament to the Kingdom's leadership in construction excellence, Big 5 Construct Saudi complements our mission at the Saudi Contractors Authority to empower stakeholders, drive sustainability and champion advancements that will propel the sector to new heights," he stated.
Matt Denton, President at dmg events, said: "As we opened the doors to this year's Big 5 Construct Saudi, construction industry professionals are gathering to explore key sectors such as heavy construction, concrete, HVAC, MEP technologies and building materials in the first week of the event."
The expanded two-week format not only enhances the attendee experience but also ensures that professionals can find the tools and technologies they need, representing every segment of the construction value chain.
The first week specifically focuses on products and solutions for projects in the foundation to ground-up stages, aligning perfectly with the kingdom's growing construction demands, stated Denton.
The opening panel discussion highlighting the transformative impact of Vision 2030 on the contracting sector featured David Watkins, Chief Projects Development Officer, Osool Real Estate; Khalid Al Othman, President, National Committee for Sustainability and Green Economy, Federation of Saudi Chambers; Tawfeeq Aljohani, VP of Supply Chain and Logistics, Al Bawani; Saleh Katheer, Managing Director, Alkifah Construction Contracting Company and Eng. Mohamed El Aasar, Managing Director, Hassan Allam Construction Saudi.
The panelists collectively agreed on the need for strategic government-private sector alliances to shape the future of the kingdom's construction sector.
Another industry leader participated in discussions on advancing sustainability and ESG goals in Saudi Arabia, Sinan Rasheed, Director of Sustainability at New Murabba highlighted the critical role of transparency and accountability through robust ESG reporting and compliance frameworks.
Day 2 of the International Contracting Conference will host discussions on strategic leadership in project management, contract management and risk mitigation for construction projects, innovations in health, safety and environmental standards as well as the importance of productization in transforming the construction sector.
On the sidelines of Big 5 Construct Saudi, Masdar signed a partnership with the Public Investment Fund (PIF), where PIF acquired a 30% stake in Masdar by subscribing to new shares via a capital increase, a step that aligns with PIF's overarching strategy.
According to Masdar, the strategic partnership strengthens the company's position in the sector and drives growth to contribute to Vision 2030.
As part of the EcoTrail feature, on the opening day, one of the exhibitors, Dewalt showcased its battery-powered tools that reduce carbon emissions by up to 60%.
Another exhibitor, LumiCon by Brickeye presented real-time IoT-based concrete strength monitoring which eliminates excess material waste and improves efficiency.
TechnoStream, an engineering service provider, showcased its expertise in prefabricated buildings, security, automation, power solutions, and advanced workspace integrations, offering seamless, efficient, and sustainable solutions.
Another first-time exhibitor, Raimondi Cranes, introduced its latest tower crane model with enhanced lifting capacities, alongside its state-of-the-art Lumina crane control system.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Forbes Cover Highlights flynas Historic $1.1 IPO, the First Airline Listing in KSA
Forbes Cover Highlights flynas Historic $1.1 IPO, the First Airline Listing in KSA

Syyaha

time5 hours ago

  • Syyaha

Forbes Cover Highlights flynas Historic $1.1 IPO, the First Airline Listing in KSA

Forbes Middle East, the leading financial and economic magazine, highlighted the historic Initial Public Offering by flynas, the leading low-cost airline in the world and the best LCC in the Middle East, that raised $1.1 billion in the first-ever airline listing in Saudi its August edition, Forbes published an exclusive interview with Bander Almohanna, CEO and Managing Director of flynas, with his photo leading the magazine cover, about flynas 'flying ahead' on a new route for the low-cost aviation said that flynas made history being the first ever listed carrier in Saudi Arabia to go public after offering 30% of its shares to the public last June, raising $1.1 billion 'in a landmark IPO'. In the exclusive interview, the magazine explored Almohanna's vision and focus on further route expansion and new destinations for Middle East, the Arabic version of the renowned American magazine Forbes, quoted Almohanna as saying that the offering, which was 100% oversubscribed valuing the airline at $3.6 billion, marks 'a significant milestone not only for flynas but also for the Saudi financial market and the broader aviation sector.'The listing coincided with a surge in IPO momentum across the Gulf. Despite global headwinds, the GCC saw 27 deals raising $4.1 billion in the first half of 2025, with flynas topping the list with more than 25% of the total capital raised, Forbes highlighted.'flynas benefited from the Kingdom's resilience, robust growth, and the clarity of Vision 2030,' Almohanna said, highlighting the aviation's key role in the national said that Almohanna has joined flynas since its early stages as the Chief Financial Officer of the group, that was launched in 2007, and played a central role in flynas's evolution. With a background in finance, including a stint at the Saudi Arabian Monetary Agency from 1993 to 2002 in the Banking Supervision Department, transitioning from finance to aviation was a strategic evolution for Almohanna. 'My financial background gave me a solid foundation in understanding the economic dynamics of the airline industry,' Almohanna told Forbes. 'It has allowed me to make informed, data-driven decisions that support long-term operational and financial sustainability – something every CEO should be equibbed to do,' he was promoted to Executive Vice President in 2008 and became managing director and CEO in 2015, leading the flynas Group (flynas, NASJET, and flynas Hajj & Umrah) through rapid quoted Aljoharah Alsmari, VP of Investment Banking at BSF Capital, a lead manager of the IPO, as saying, 'As the only independent low-cost carrier in Saudi Arabia, flynas is internationally recognized for its operational efficiency and rapid growth.'As new entrants to the market emerge and legacy carriers expand, flynas continues to differentiate itself through its regional footprint, aggressive fleet expansion, and strategic focus on high-growth segments, particularly religious tourism, Forbes said. 'Competition is always welcome – it drives innovation,' Almohanna 2018, flynas launched its 'We Connect the World to the Kingdom' strategy, targeting international destinations that had not previously had direct routes to Saudi Arabia, Forbes said. Flynas plans to more than double its current fleet to 160 aircraft by 2030, with its network set to grow from over 70 destinations to 165 and more than 300 routes, Forbes for MENA's aviation sector, Almohanna sees a strong potential. 'Saudi Arabia, in particular, has all the right ingredients to become an aviation powerhouse,' he stressed. flynas, the leading low-cost airline in the world and the best LCC in the Middle East, and the first airline listed on the Saudi Exchange (Tadawul) operates 139 routes to more than 70 domestic and international destinations in 30 countries with more than 2000 weekly flights and has flown more than 80 million passengers since its launch in 2007, with the aim to reach 165 domestic and international destinations within its growth and expansion plan, and in line with the objectives of Vision 2030.

The Coca-Cola Foundation Partners with Women-Led Saudi Tech Startup Lesser App and The Global Environment and Technology Foundation to Support Recycling Projects
The Coca-Cola Foundation Partners with Women-Led Saudi Tech Startup Lesser App and The Global Environment and Technology Foundation to Support Recycling Projects

Syyaha

timea day ago

  • Syyaha

The Coca-Cola Foundation Partners with Women-Led Saudi Tech Startup Lesser App and The Global Environment and Technology Foundation to Support Recycling Projects

Riyadh – The Coca-Cola Foundation (TCCF) and the Global Environment and Technology Foundation (GETF) have partnered with Lesser App, a pioneering technology solution developed by the Saudi women-led company Naqaa Solutions For Environmental Services, to help reduce packaging waste and improve waste recovery in the Kingdom. The partnership reflects TCCF's ongoing commitment to supporting impactful local initiatives that contribute to a more sustainable collaboration is part of a newly launched initiative, Partnership for A Circular Tomorrow (PACT) – with an initial US $1 million grant by TCCF that invests in solutions and service delivery models to uplift waste workers and scale growth-stage waste enterprises. The effort aims to use innovation to reduce waste and help transform lives across five countries, including Saudi part of the initiative, Lesser App is leading the implementation of targeted PET plastic collection interventions across Riyadh and Jeddah. Key components include a door-to-door collection program, the establishment of four community drop-off centers, and the installation of PET plastic collection bins at six high-footfall mosques. Lesser App will also manage logistics, real-time impact tracking via its proprietary Sustainability Dashboard, and stakeholder coordination throughout the rollout.'Our support for Lesser App reflects our commitment to the Kingdom and the importance of empowering local organizations to drive more innovation and improve waste recovery. We seek to create robust value chains, support informal waste workers, and support solutions in waste management, ultimately paving the way for a more sustainable future,' said Carlos Pagoaga, President, The Coca-Cola Foundation. Through this partnership, TCCF, GETF, and Lesser App will focus on raising environmental awareness, promoting responsible waste disposal, and driving large-scale PET plastic collection efforts throughout the Kingdom. The initiative directly supports Saudi Arabia's broader sustainability agenda and aligns with the ambitions of Vision 2030.'As a women-led tech startup company, we are proud to play a central role in driving environmental change and empowering female leadership in the sustainability space. This collaboration allows us to bring innovative, community-centric recycling models to life, from tech-enabled pickups to plastic collection, and demonstrate the value of inclusive approaches to solving environmental issues,' said Mona Othman, CEO and co-founder, Lesser App. Saudi Arabia is one of the five countries included in the first phase of the PACT program, alongside Türkiye, Azerbaijan, Kazakhstan, and Uzbekistan.

BBK awarded Best Retail Bank in Bahrain for 2025
BBK awarded Best Retail Bank in Bahrain for 2025

Daily Tribune

time06-08-2025

  • Daily Tribune

BBK awarded Best Retail Bank in Bahrain for 2025

BBK, a leader in retail and corporate banking in the Kingdom of Bahrain, has been named the Best Retail Bank in Bahrain for 2025 by Global Banking and Finance Review Magazine. This prestigious accolade recognizes the Bank's outstanding performance throughout the year and its enduring leadership in the retail banking sector. This marks the third consecutive year BBK has received this recognition, following wins in 2023 and 2024 from World Economic Magazine, further solidifying its position as a trusted and innovative banking institution in the Kingdom. The judging panel praised BBK for its excellence across key pillars, including financial stability, market leadership, innovation, and a steadfast commitment to sustainability and community engagement. For over fifty years, BBK has remained at the forefront of Bahrain's banking industry, consistently delivering strong profitability and demonstrating resilience through prudent balance sheet management and a customer-centric growth strategy. BBK's advanced digital platforms and innovative product offerings have raised industry standards, enhancing customer experiences and setting new benchmarks for service excellence. Its comprehensive approach to environmental, social, and governance (ESG) practices—alongside initiatives that support local businesses and communities—underscores the Bank's role as a responsible contributor to Bahrain's economic and social development. These achievements reinforce BBK's legacy of excellence, leadership, and adaptability in an ever-evolving financial landscape. Yaser Alsharifi, BBK Group Chief Executive, stated: 'We are honored to be named the Best Retail Bank in Bahrain for 2025. This award reflects the collective efforts of our dedicated teams, the support of our strategic partners, and the strength of our leadership in retail banking. It also highlights our firm commitment to innovation and sustainable growth and stands as a testament to the long-standing trust and loyalty of our valued customers, cultivated over more than five decades of service.' Alsharifi added: 'Throughout the past year, we have remained focused on placing our customers at the heart of every initiative—reimagining their banking journey and streamlining access to financial services in ways that foster trust and satisfaction. Our efforts have seamlessly integrated digital transformation with a strong sense of social responsibility. The upcoming transfer of HSBC Middle East – Bahrain's retail banking operations to BBK further underscores the Bank's leadership in the sector. We will continue to raise service standards while upholding our core values and contributing meaningfully to the advancement of Bahrain's banking sector and the realization of Bahrain's Vision 2030.'

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store