Saudi Arabia’s Construction Industry: What to Expect from Saudi Build 2014
The Kingdom of Saudi Arabia is one of the most lucrative construction markets in the Middle East, accounting for almost 39 percent of GCC projects.
The country’s construction sector is expected to grow by almost 7.2 percent in 2014, driven by huge government investments into the development of large-scale infrastructure and construction projects.
With a gradual easing of labour and material shortages during the second half of 2014, the Saudi construction sector is predicted to further its ongoing growth during 2015 and beyond.
To be held from November 10 to 13, 2014 at the Riyadh International Convention and Exhibition Center, Saudi Build 2014 will present a platform to position the KSA as the biggest construction market in the region.
The show will gather international and local companies over four days to showcase the latest industry solutions to the local and regional markets.
Visitors can get deeper insights on the top products and cutting edge technologies, including aluminium frames and structures, architectural finishing products, building materials, ceramic tiles, concrete products and precast structures, construction systems, engineering and design services, environment protection equipment, landscaping and garden ornaments, security and safety tools and systems, water and heat insulation, and steel and wood products, among others.
Saudi Build 2014 will be held concurrently with Saudi Stonetech 2014 – the 17th International Stone and Stone Technology Exhibition, and Saudi Build PMV Series – the 5th International Exhibition for Construction Equipment, Plant, Machinery, and Vehicles.
The industry leading show registered a footfall of around 23,000 professional visitors during its last edition to overview top-notch offerings from over 850 exhibitors from 36 countries.
5 minutes with... Janthana Kaenprakhamroy, CEO, Tapoly
Founder and CEO of award-winning insurtech firm Tapoly, Janthana Kaenprakhamroy heads up Europe’s first on-demand insurance platform for the gig economy, winning industry awards, innovating in the digital insurance space, and leading with inclusivity.
Here, Business Chief talks to Janthana about her leadership style and skills.
What do you do, in a nutshell?
I’m founder and CEO of Tapoly, a digital MGA providing a full stack of commercial lines insurance specifically for SMEs and freelancers, as well as a SaaS solution to connect insurers with their distribution partners. We build bespoke, end-to-end platforms encompassing the whole customer journey, but can also integrate our APIs within existing systems. We were proud to win Insurance Provider of the Year at the British Small Business Awards 2018 and receive silver in the Insurtech category at the Efma & Accenture Innovation in Insurance Awards 2019.
How would you describe your leadership style?
I try to be as inclusive a leader as possible. I’m committed to creating space for everyone to shine. Many of the roles at Tapoly are performed by women and I speak at industry events to encourage more people to get involved in insurance/insurtech. Similarly, I always try to maintain a growth mindset. I think it’s important to retain values to support learning and development, like reliability, working hard and punctuality.
What’s the best leadership advice you’ve received?
Build your network and seek advice. As a leader, you need smart people around you to help you grow your business. It’s not about personally being the best, but being able to find resources and get help where needed.
How do you see leadership changing in a COVID world?
I think the pandemic has proven the importance of inclusive leadership so that everyone feels supported and valued. It’s also shown the importance of being flexible as a leader. We’ve had to remain adaptable to continue delivering high levels of customer service. This flexibility has also been important when supporting employees as everyone has had individual pressures to deal with during this time. Leaders should continue to embed this flexibility within their organisations moving forward.
They say ‘from every crisis comes opportunity’, what opportunities do you see?
The past year has been challenging, but it has also proven the importance of digital transformation in insurance. When working from home was required, it was much harder for insurers to adjust who had not embedded technology within their operating processes because they did not have data stored in the cloud and it caused communication delays with concerned customers at a time when this communication should have been a priority, which ultimately impacts the level of customer satisfaction. This demonstrates the importance of what we are trying to achieve at Tapoly in driving digitalisation in insurance and making communication between insurers and distribution partners seamless.
What advice would you give to your younger self just starting out in the industry?
Start sooner, don’t be afraid to take (calculated) risks and make sure you raise enough money to get you through the initial seed stage.