KARACHI: The 18th edition of Build Asia 2024 witnessed handsome business activities with over 100 million deals were signed between foreign and local companies and buyers, in heavy machinery, innovative technological building solutions, climate-friendly developers, etc.
According to the organizers, several exhibitors from 10 different countries participated in the event, including China, Russia, and Iran, and it attracted around 28,000 visitors from real estate and 42 ancillary sectors, such as aluminum, brick, cement, glass, marble, paint, steel, tiles, and transportation.
The three-day event also hosted the PropTech Convention, in which stakeholders of property and construction organized various seminars and panel discussions on the core and emerging issues of the sector.
Farhan Anis, Vice President of Ecommerce Gateway Pakistan, said Build Asia 2024 plays a vital role in the revival and development of the construction sector in Pakistan with the active participation and involvement of key stakeholders and policymakers.
The housing deficit of over 10 million in Pakistan could be addressed through out-of-the-box strategies and the involvement of financial institutions in the sector, he said and added. Besides, there are various emerging concepts of interior design, and innovative electrical solutions are introduced from foreign countries to a domestic level, transferring new trends to the commercial and residential sectors.
It is pertinent to mention here that the construction sector plays a pivotal role in Pakistan’s economic development, including infrastructure development and urban growth. It contributes over 2.5% to Pakistan’s GDP, employing over 7% of the workforce.
The event serves as a vital platform to sustain this momentum by fostering collaboration and knowledge exchange among industry players. It also serves as a dynamic networking platform for professionals, investors, and policymakers to connect, share ideas, and forge strategic partnerships, he added.