Dubai Chamber takes part in the Big 5 Exhibition 2007

It also aims to introduce the activities of the Chamber's member companies operating in Dubai under two of the fastest growing sectors of building and construction due to its remarkable contribution to the local economy.

Buamim pointed out that the Big 5 Exhibition is one of the most successful building and construction exhibitions in the Middle East. This has urged Dubai Chamber to take part in this significant event to highlight its services and support to its members and businessmen working in building and construction sectors through two of the active business groups which the Chamber established to represent a number of vital economic sectors and operate under the Chamber's umbrella: the Building & Civil Constructions Group and the Building Materials Trading Group.

'Dubai Chamber's participation in this significant exhibition aims at underlining its services and facilities offered to building and construction developers in Dubai. Through this event, Dubai Chamber promotes the activities of members operating under its two business groups of building and civil constructions and building materials trading. The exhibition offers a good opportunity for them to learn about the latest development in the fields of building and construction worldwide thanks to the vast participation of a large number of local and international companies,' said Buamim.

The Big 5 Exhibition 2007 is being held at Dubai International Exhibition and Convention Center on November 25-29. The exhibition has drawn an international interest being the biggest and most significant building and construction exhibitions in the Middle East due to the leading regional and international building and construction developers and decision makers it attracts. Last year, the Big 5 Exhibition attracted more than 2,000 exhibitors and more than 40,000 visitors.

According to Dubai Chamber's database, the construction sector in Dubai has contributed by 13.6 % to Dubai's GDP in 2006. The annual average rate of growth of Dubai's construction sector increased by 17.9 % in 2000-2006, resulted in the construction boom of the emirate. More than 8,170 building and construction companies operated in Dubai till the end of 2006.

The building contracting activity in Dubai represents 45% of all the activities practiced in the sector. Big companies are considered the principal recruiting corporation in the construction sector by employing more than 73% of the total labor force of the sector, followed by the medium-sized companies that employ around 21% labors and the small-sized companies which recruit only 6%. The total value of construction projects, which are being carried out in Dubai and need 5 more years to be complete, hit $100bn.

Dubai Chamber's stand at the Big 5 Exhibition has attracted a large number of visitors of foreign businessmen and representatives of construction companies who showed interest in learning about the procedures of setting up new specialized construction projects due to the brisk business this sector ensures in the region benefiting from the strategic location of Dubai and the outstanding growth of its economic sectors.