Build Asia 2024 fosters global deals and innovation in construction sector

KARACHI: The 18th edition of Build Asia 2024 saw significant business activity, with over 100 deals finalised between foreign and local companies. These agreements covered heavy machinery, innovative building technologies, climate-friendly developments, and more.

According to the organisers, exhibitors from 10 countries, including China, Russia and Iran, participated in the event, which attracted around 28,000 visitors from the real estate sector and 42 related industries. These sectors included aluminium, brick, cement, glass, marble, paint, steel, tiles and transportation.

The three-day exhibition also featured the PropTech Convention, where stakeholders from the property and construction sectors conducted seminars and panel discussions addressing core and emerging issues in the industry. Vice President of Ecommerce Gateway Pakistan Farhan Anis highlighted Build Asia 2024’s role in revitalising the country’s construction sector. He emphasised the active participation of key stakeholders and policymakers in driving the sector’s growth.

He noted that Pakistan’s housing deficit, exceeding 10 million units, could be addressed through innovative strategies and greater involvement of financial institutions. Emerging concepts in interior design and innovative electrical solutions introduced by foreign exhibitors also have the potential to influence commercial and residential trends domestically.

The construction sector remains pivotal to Pakistan’s economic development, contributing over 2.5 per cent to the GDP and employing more than 7.0 per cent of the workforce. The event provided a critical platform for sustaining growth in the sector, fostering collaboration, and facilitating knowledge exchange. It also served as a dynamic networking hub, enabling professionals, investors and policymakers to connect, share ideas and forge strategic partnerships, Anis added.