WORLD TRADE EXPO SAUDI - CHINA CREATED FAIR

Exhibition Date: December 10th - 12th, 2024

Exhibition Venue: Jeddah International Exhibition Center

Organizers: Trade Development Bureau of the Ministry of Commerce.

                     KAC INTERNATIONAL EXHIBITION GROUP LIMITED.

Exhibition Categories:

 1.Building Materials and Construction Machinery Zone:

Building and decorative materials, sanitary equipment and supplies, kitchenware, hardware tools, gardening supplies, furniture and office furniture, lighting products, engineering machinery, advertising, safety, and protection.

2.Industrial and Machinery Equipment Zone:

Mechanical and electromechanical equipment, packaging, printing, plastic industry, molds, electric new energy, environmental protection water treatment, chemical products.

3.Consumer Electronics and Appliances Zone:

Household appliances, consumer electronics, electronic and electrical, automatic control systems, handheld information devices, mobile communication, audio digital TV, electronic games, MP3 audio, video, etc.

4.Textiles, Leather, and Daily Consumer Goods Zone:

 Home and decorative items, glass crafts, weaving and iron crafts, household textiles, textile raw materials, clothing accessories, infant and child products (toys, children's clothing), gifts, holiday items, and giveaways, sports and outdoor leisure products, bags, various shoes, leather products, beauty, daily consumer goods, office supplies, wedding supplies, folk and religious items, etc.

5.Automotive Parts and Decoration Zone:

 Complete vehicles and automotive parts, automotive repair equipment, maintenance and care products, in-car entertainment systems, gas station equipment, air conditioning and refrigeration systems, automotive decoration and modification products, coatings, safety systems, etc.

6.Food and Hotel Supplies Zone:

 Food and beverages, food machinery and technology, food processing machinery and technology, food packaging machinery and technology, hotel room supplies; hotel kitchenware, hotel cleaning supplies, hotel furniture supplies, hotel decoration supplies, etc.

Market Overview:

1.Geographic Location and Advantages:

Saudi Arabia is located on the Arabian Peninsula in Southwest Asia, bordered by the Persian Gulf to the east and the Red Sea to the west. It shares borders with countries such as Jordan, Iraq, Kuwait, the UAE, Oman, Yemen, and Egypt. Ranking first globally in oil reserves and production, Saudi Arabia's economy heavily relies on oil. With a young population structure, where 70% are under 30 years old and 46% under 20, there is significant purchasing power across diverse consumer groups

2.Economic Situation:

Saudi Arabia's "2030 Vision Plan" implements a free-market economic policy, focusing on promoting diversified economic development, encouraging foreign businesses and private investments, and initiating social reforms. This includes opening up new industries such as entertainment and tourism, aiming to reduce reliance on oil while driving investment regulations and social reforms. The goal is to create a more dynamic, open, and modern business environment, marking a window of reform and opening up in the Saudi economy. As the world's leading country in oil reserves and production, the petroleum industry remains a major pillar of the Saudi economy.

Regardless of economic, monetary, or political situations, Saudi Arabia stands out as the most stable country in the Middle East. It is the largest economy in the Middle East and the Arab world.

In 2022, Saudi Arabia's GDP reached $1,108.15 billion, with a per capita GDP of $31,000. The actual GDP grew by 8.7% YoY, making it the country with the highest growth rate among the 17 members of the global trillion-dollar GDP club.

3.Market Environment:

Jeddah, situated along the Red Sea coast in Saudi Arabia, is a major port city, hosting government diplomatic offices and foreign embassies. It's the second-largest city nationally, the largest port, and a significant financial center, approximately 70 kilometers east of Mecca. As Saudi Arabia's economic trade hub, Jeddah's trade activity rivals Dubai in the UAE, presenting a favorable opportunity for expanding into lucrative markets in the southern Saudi region, Africa, and other high-profit terminal markets. Located 100 kilometers north of Jeddah is the completed King Abdullah Economic City, comparable to China's economic development zones.

 4.Strong Trade Relations with China:

Since establishing diplomatic ties in 1990, economic and trade cooperation between China and Saudi Arabia has rapidly progressed and is currently at its historical peak. China mainly imports crude oil, ethylene glycol, liquefied petroleum gas, while major exports to Saudi Arabia include household appliances, consumer electronics, building materials, electromechanical products, textiles, home products, and auto parts. Saudi Arabia has become China's largest economic and trade partner in the Middle East, and China is Saudi Arabia's top export destination and second-largest source of imports.

 5.Belt and Road Initiative:

The longstanding friendly relations between China and Saudi Arabia have seen rapid development since establishing diplomatic ties in 1990. Today, the joint construction of the Belt and Road Initiative provides new opportunities for the development of Sino-Saudi relations.

Previous Exhibition Review:

The World Trade Expo Saudi has a total exhibition area of 20000 square meters and 365 exhibitors, including 218 exhibitors in China. Exhibition area of 10000 square meters, 315 exhibitors. According to the data feedback from the exhibition site registration system, From Saudi Arabia, UAE, India, Morocco, Oman, Jordan, Egypt, Sudan and other 10 countries, 16,359 professional visitors came to visit and related business negotiations, on-site turnover of US $19.52 million, Intended turnover of $164 million. Exhibitors expressed satisfaction with the effect of the exhibition, have to understand the information of the next exhibition, some enterprises booked the 2024 booth on site. The exhibition caused a sensation in Saudi Arabia and spread to neighboring countries such as Egypt, Sudan, Jordan, Iraq and the United Arab Emirates. It has achieved the goal of displaying the image of Chinese products and promoting economic and trade cooperation.