Recently, VERCON SMART MIRROR successfully participated in the Saudi building materials exhibition. During the four-day exhibition, various VERCON smart mirrors received extensive attention and received many intentional orders from customers.
The building shows Saudi
The 12th “Saudi Building” was grandly held in Riyadh, the capital of Saudi Arabia, from November 2nd to 7th, 2024.
The four-day exhibition showcased the latest technologies and products in the construction and building materials industry. The total area of the exhibition hall is up to 70,000 square meters. More than 1,300 exhibitors from 47 countries participated, and the number of visitors reached as high as 55,000.
More than 60 keynote speeches were held on-site to discuss the cutting-edge trends and development directions of the construction and building materials industry. Many professional visitors and purchasers negotiated on-site cooperation, demonstrating the Saudi market’s huge potential and development space.
Smart Mirror Saudi Current Situation – The great journey started
Huge demand for smart mirrors in the Saudi market
The construction projects in Saudi Arabia have shown strong momentum in 2024. Up to now, the scale of the contracted projects has reached a value of 31 billion US dollars.
The projects mainly involve industries such as oil and gas, real estate, etc. These fields have become the key driving forces for the awarding of contracts in Saudi Arabia this year.
Real Estate marketing booming
The real estate industry continued to play an important role in the awarding of contracts in Saudi Arabia in the first quarter of 2024, winning contracts worth 24.4 billion Saudi riyals (about 6.5 billion US dollars), accounting for 21% of the total amount in that quarter. This data not only demonstrates the solid position of the real estate industry in the Saudi economy but also reflects the market’s confidence in the continuous growth of the real estate sector.
Looking back at 2023, the real estate industry also showed strong momentum. The total contract value awarded throughout the year was as high as 22.3 billion US dollars (about 83.5 billion Saudi riyals), setting the second-highest record in history. This series of positive performances has undoubtedly laid a solid foundation for a good start in 2024.
How smart mirror contribute to the real estate industry in Saudi
With the coming of the consumption upgrading era, real estate companies have started to focus more on product advantages rather than just scale advantages. Words like “making good products” and “improving product competitiveness” have been mentioned often in the future plans of these companies.
Looking at the current trends in product innovation of different real estate companies, some are highlighting “green”, some are specializing in “technology”, and others are creating “living buildings”. But in general, they all aim to build up product competitiveness to create a better life for users