Barely a month to the D Day, 85 exhibitors from 14 countries have indicated interest to participate in the maiden edition of the International Trade Show AfricaBuild, scheduled for Lagos from 16 to 18, February, 2016.
The exhibition according to the organiser is aimed at showcasing the latest technologies and machineries in construction, building equipment, building materials, interior finishing materials and tools seeks to expose Nigerians to the array of business opportunities in the construction sector.
Some of the countries include: Austria, China, France, Germany, Ghana, Italy, Poland, Spain, South Africa, Turkey, United Arab Emirates and Nigeria, which is the host country.
The exhibition, the organisers stated became necessary due to the huge investments into mega-projects and a strong demand for affordable housing in Nigeria.
They stressed that professionals, who are interested in participating in the three-day event can do so by logging in to its website, www.africabuild-lagos.com.
The Regional Industry Director, ITE Build and Interiors Divison, Mr, Darryl Pawsey hinted journalists in Lagos yesterday that that Nigeria’s booming economy and its ever growing construction market are some of the major attractions for international suppliers in the country.
He added that the 2016 launch of AfricaBuild Lagos was intended to stimulate international investment into the country’s construction and capitalise on the lack of international players in the unsaturated and growing market.
According to him, “It is incredibly exciting that for a launch event we have secured such a high number and diverse selection of international brands, which indicates a positive outlook for the future of the show. More than 85 exhibitors from 14 countries will display all the materials and equipment at the show.”
He continued, “There is a multitude of reasons behind this vibrant and exciting growth. Nigeria, its Gross Domestic Product, GDP, hit $569 billion in 2014, is Africa’s largest economy and it is particularly robust. The West African State enjoys healthy growth to the tune of 5 to 6 per cent annually, and this looks set to continue in the near future.”
He stated that Nigeria with 180 million people still faced 17 million unit housing deficit that would require investment of almost $85 billion to resolve according to the World Bank’s report, stressing that the exhibition represents a huge opportunity for the construction sector and allied fields, such as building materials.
He declared that all the indices above marked excellent pre-conditions for Nigeria’s largest and most important international building and interiors exhibition AfricaBuild Lagos 2016.
The event is organised by the German trade show specialists fairtrade and the United Kingdom, UK, based experts in building and interiors shows ITE.
Also speaking at the event, the Director-General, FOCI-Federation of Construction Industry Nigeria, Ms. Olubunmi Adekoje noted that AfricaBuild Lagos 2016 enjoys great institutional support, stressing that FOCI was delighted to support the organisation as institutional partner.