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Build Asia 2024 secures over USD 100m in business deals

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The 18th edition of Build Asia 2024 concluded with impressive outcomes, as business deals exceeding $100 million were signed between foreign and local companies. The agreements spanned sectors such as heavy machinery, innovative construction technologies, and climate-friendly development initiatives.

According to event organizers, exhibitors from 10 countries, including China, Russia, and Iran, showcased their products and solutions, attracting nearly 28,000 visitors. Attendees represented real estate and 42 related industries, including aluminum, brick, cement, glass, marble, steel, tiles, and transportation. A key highlight of the three-day event was the PropTech Convention, where stakeholders organized seminars and panel discussions addressing pressing and emerging issues in the property and construction sectors.

Farhan Anis, Vice President of Ecommerce Gateway Pakistan, emphasized the event’s role in revitalizing Pakistan’s construction industry. “Build Asia 2024 is a vital platform for the sector’s development, involving key stakeholders and policymakers,” he said. Anis also highlighted Pakistan’s housing deficit of over 10 million, stressing the need for innovative strategies and greater involvement of financial institutions.

He noted the introduction of modern interior design trends and advanced electrical solutions from international markets, which are reshaping domestic commercial and residential sectors. The construction sector, a cornerstone of Pakistan’s economy, contributes over 2.5 percent to the GDP and employs more than 7 percent of the workforce.

Build Asia 2024 has bolstered this momentum by fostering collaboration, networking, and knowledge exchange among professionals, investors, and policymakers, creating opportunities for strategic partnerships and driving the sector forward.

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