Future Build Exhibition-2019 to portray Ajman’s economic growth

Business Bureau, Gulf Today

The Ajman Chamber of Commerce Industry (ACCI) will organise Future Build Exhibtion-2019 with the participation of 52 major local and international companies specialised in construction, transport and communications to showcase the latest tools and products used in building of sustainable cities.

The three-day exhibition will be held under the patronage of His Highness Sheikh Humaid Bin Rashid Al Nuaimi, Supreme Council Member and Ruler of Ajman from March 25, 2019.

This came during a press conference held at a local hotel in the presence of Mohammed Ali Al Janahi, Executive Director of Investment and Business Development at ACCI and Chairman of the Organising Committee of the Future Build Exhibition, along with representatives of sponsors, including the Ministry of Infrastructure Development, Municipality and Planning Department-Ajman, Ajman Free Zone, etisalat, Aqaar, Prosperity Tech, Zorah, Al Shaali Group, Dubai Leading Technology, Hyperloop, Giga Establishment, Fast Building Contracting and Mazaya and members of the Organising Committee.

Speaking during the conference, Al Janahi reiterated the exhibition’s keenness to attract leading local and international companies operating in the construction and real estate development sectors in order to create an umbrella that supports the partnership and exchange of experiences between all parties and visitors. It also seeks to explore the cutting-edge technologies and innovative tools in the smart and green building, and the security and communications control systems etc. It further aims to promote the major companies and factories in the sector locally and internationally.

The exhibition stands a particular importance to the emirate of Ajman, since the sector contributed 15 per cent to its GDP by Dhs2.8 billion in 2017.

He continued, “The exhibition aims at optimally harnessing the huge capabilities offered by the markets to the construction sector, providing new and multiple options to the private companies in the country and creating opportunities for producers and traders of building materials from outside the country to access the markets and benefit from the opportunities available.”

Furthermore, the Future Build Exhibition serves as an important platform to showcase the latest products and to introduce the modern technologies in the field of building materials’ production, innovative engineering solutions and maintenance techniques, he added.

It is also an opportunity to highlight the role of housing government entities and companies participating in the exhibition, he said.

“The number of establishments operating in construction and building in Ajman reached 2,057 during 2018, compared to 1,733 during 2013, showing an increase of 19 per cent. While, the companies trading in construction materials reached 530 during 2018 with a growth of 55 per cent compared to 2013,” Al Janahi said.

According to statistics, the real estate firms in the emirate witnessed a significant jump during 2018 reaching 1,127 compared to 695 during 2013 with growth of 62 per cent.

He continued, “The exhibition will witness a number of events and workshops focusing on innovation in construction and building sector, which will be delivered by experts and specialists who enjoy long experience in this field from a number of countries participating in the exhibition.”

The organisation of Future Build Exhibition is in line with the urban development and infrastructure taking place in this period. It will provide the opportunity to explore modern and innovative solutions in the sectors of construction and real estate development. Moreover, it will provide a leading umbrella for the real estate developers to explore the latest developments in building, since several mega real estate projects had been established in recent years in the emirate of Ajman in particular. It is worth mentioning that the value of real estate transactions during 2018 reached four billion dirhams in Ajman, according to the annual real estate report issued by the Department of Land and Real Estate Regulation in Ajman.

Al Janahi commended keenness of the wise leadership to provide the necessary elements for the growth and sustainability of the construction and real estate sectors, which is reflected in the development of all other fields such as investment, tourism, education, health and other fields. He further hailed efforts of the Ajman Chamber in organising specialized exhibition to support its members and enhance the mechanisms that promote investment, export development and trade.

Meanwhile, the sponsors’ representatives stressed importance of the exhibition and its role in connecting all government and private sectors operating in infrastructure and real estate development. It represents a large marketing platform showcasing the latest technologies and innovative products in the construction sector, since that it will host specialists in all stages of construction from design and consulting to building and other stages, they added.