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FINANCIAL NEWS
Saudi Arabia to sign $86b construction contracts in 2011
22 Nov 2010
(MENAFN) A report issued by Deloitte Middle East, a professional services firm, showed that Saudi Arabia is expected to award contracts worth $86 billion in 2011, Trade Arabia reported.
According to the report, the Kingdom, which currently has a 38 percent share of the total construction projects in the Gulf region, has projects valued at $624 billion.
Saudi Arabia, the UAE and Qatar continue to be the GCC markets harboring greatest potential for the construction industry, with the UAE coming in second with 36 percent of total construction projects, followed by Qatar with a 15 percent total of projects, said the Deloitte report.
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