Big 5 Global 2024 Event Highlights The Power of Construction

Image Source – Big 5 Global

Dubai – The 45th edition of Big 5 Global, the largest construction event in the Middle East, Africa, and South Asia (MEASA) region kicked off at the Dubai World Trade Center. The Big 5 Global featured government leaders, industry pioneers, and policymakers along with over 2,700 exhibitors from 60 countries around the globe. The major point of discussion on the first day revolved around exploring the power of construction in the region which featured a construction project pipeline at USD 9 trillion.

Big 5 Global Event Highlights 

The Big 5 Global event features 2,700 exhibitors from 60 countries and is expected to attract over 100,000 visitors. The exhibitors are keen to showcase groundbreaking and sustainable technologies, products, and solutions in the construction industry. In particular, the event will showcase innovations including automation, Building Information Modelling (BIM), and drones that can reshape the design, construction, and management of cities globally. 

The first day of Big 5 Global featured summits like the Big 5 Global Leaders’ Summit, GeoWorld Summit, and IFMA Global | Middle East Summit, where numerous stakeholders gathered for a day of engaging and insightful discussions on the power of the construction industry. The summit also showcased insights from Fred Mills, Founder of The B1M, who highlighted the transformative impact of the construction industry. He was of the view that the construction industry offers a greater opportunity to make a difference on this planet like no other industry.

Image Source – Big 5 Global

Multi-Million Euro Agreements Signed

Major deals and partnerships were finalized during the first day of the event underscoring Big 5 Global’s role in driving business growth. BAUER Maschinen GmbH and Pinnacle International Piling finalized a multi-million-euro agreement to expand Pinnacle’s fleet with the BAUER BG36 piling rig to offer innovative, and sustainable solutions for the region’s construction infrastructure needs. The event also highlighted international collaboration through vibrant country pavilions. This included pavilions from countries like China, Turkey, Saudi Arabia, Italy and Bahrain. 

Read: Dubai Real Estate Market: Trends and Predictions for 2024-2025

UAE Construction Sector Market Size

The UAE construction market size was valued at USD 94 billion in 2023 and it is estimated to grow more than 3% during 2025-2028. The growth of the construction sector is attributed to investments in transport and renewable energy infrastructure. In addition, the government unveiled a 4-year strategy to bolster economic growth by focusing on sustainability and innovation which is having a positive impact on all sectors of the economy. Despite the global challenges, the construction sector in the UAE is seeing significant growth. In particular, the mixed-used and residential projects were top-performing segments. Last week, DAMAC Properties announced a unique residential project ‘DAMAC Islands’ in the heart of Dubailand while the Dubai government announced a record-breaking budget for 2025-27. 

Research Konnection is a leading market research company in the UAE specializing in real estate and construction sector research. Contact us at hello@researchkonnection.com for research inquiries.