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FINANCIAL NEWS
Saudi Arabia schedules USD3t projects over next 5 years
26 Oct 2015
(MENAFN) Saudi Arabia’s construction division remains robust its upward route and sustains its place as the Middle East’s biggest construction market with SR11.25 trillion worth of planned projects to commence by 2020.
Additionally, the industry is projected to develop significantly by 7.8 percent over the next four years, driven by expanding population of young citizens and the demand for better infrastructure in sectors such as housing.
Moreover, Saudi Arabia is in the midst of a construction boom with a chain of nation-wide building activities underway, not to mention the government initiatives to build utility and social infrastructure.
The nation’s budget for this year assigns a total of SR. 859.87 billion for boosting long-term non-oil growth, plus Saudi Build offers a new platform for professionals to get a first-hand experience of new advances in building and construction.
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