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FINANCIAL NEWS
Saudi accounts for 39 percent of construction sector of GCC
20 Oct 2014
(MENAFN) Saudi Arabia is becoming one of the most lucrative markets in construction, as the Kingdom currently accounts for almost 39 percent of GCC projects, Arab News reported.
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.
This growth in the sector is attributed in a big way to the use of the latest industry solutions as well as the latest cutting-edge technologies in the construction of the mega project, which are currently widespread across the country, including aluminum frames and structures, architectural finishing products, building materials, ceramic tiles, concrete products and pre cast 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.
More News
20 Jul 2025
CBB approves the transfer of the retail banking operations of HSBC Bank Middle East, Bahrain Branch to BBK
08 Jul 2025
BBK proudly launches the third edition of “Grow” and welcomes 20 Bahraini graduates
03 Jul 2025
BBK hosts executive leadership session on digital assets in collaboration with Rain
02 Jul 2025
BBK launches the largest-ever Al Hayrat Prizes, offering BD 5 million to over 2,000 winners
16 Jun 2025
BBK and CrediMax Offer Exclusive 20% Discount on Turkish Airlines Flights for Cardholders
25 May 2025
BBK strengthens commitment to sports development through strategic partnership with Bahrain Basketball Association
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