Backed by a buoyant economic outlook, Qatar is set to expand its residential construction and investment in infrastructure, the organiser of Build Your House Exhibition (BYH) 2023 has said.
Qatar is set to expand its residential construction and investment in infrastructure, according to Rawad Sleem, co-founder and general manager of NeXTfairs for Exhibitions and Conferences, who noted that BYH is slated from May 15-18 at Qatar National Convention Centre (QNCC) and will be inaugurated by HE the Minister of Commerce and Industry Sheikh Mohamed bin Hamad bin Qassim al-Abdullah al-Thani.
“At the same time, the country's economic outlook is buoyant. The recent recovery of global energy prices combined with the decreased costs of projects related to the World Cup has positively impacted Qatar’s national budget. As a result, total annual revenue is estimated at QR228bn ($62.64bn), and spending at QR199bn, with a budget surplus of QR29bn. In addition, the national budget also revealed that the salaries of Qatari nationals would rise by 7%, increasing their purchasing power.”
This year, BYH announced the sponsorship from Public Works Authority Ashghal (Official Partner), General Electricity & Water Corporation Kahramaa (Sustainability Partner), Qatar Airways (Official Airline), and supported by the Ministry of Commerce and Industry, Ministry of Municipality, Civil Defence, and Qatar Chamber, as well as Al Hattab Holding (Gold Sponsor) and American Institute of Architects (Conference Partner). More sponsors will be announced soon.
The fourth edition of BYH is set to connect Qatari visitors to an enhanced array of services and products from consultants, contractors, suppliers, and smart home and general service industry leaders.
In addition, attendees can take advantage of vital knowledge sharing and practical workshops from government entities and learn about the latest trends and technology. With an expanded event capacity, which sees exhibition space increase by 50% and another day added, visitors now have access to more suppliers and contractors. In addition, they have the opportunity to participate in more live talks and Q&As and gain assistance from the free self-build course.
BYH 2023 is a pioneering platform that brings industry professionals and homeowners together to stimulate the construction sector in Qatar. At last year’s show, suppliers signed an estimated QR453mn in deals. It has rapidly become a springboard for connectivity and collaboration, enabling local SMEs and international industry experts to showcase their services to consumers in Qatar and empowering Qatari citizens to fully utilise the government's provisions for land development, housing vouchers, and loans.
While BYH 2023 continues to help businesses flourish, its annual competition for VCUarts Qatar’s interior design students allows three shortlisted winners to gain vital industry exposure as they showcase their designs at the exhibition.
Attendees of BYH 2023 can look forward to the event’s Knowledge Sharing Conference and an extensive international pavilion featuring exhibitors from over 10 countries. The Knowledge Sharing Conference will be open during the four event days, with daily talks and sessions starting at 11am. In addition, overseas visitors can enjoy a reduced travel rate. BYH 2023 has signed an exclusive discount with Qatar Airways, which enables travellers to receive a 15% discount.
Registrations are now available for exhibitors. Visit www.buildyourhouseqatar.com or call 5514 1188 for further details.
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