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FINANCIAL NEWS
Saudi projects in pipeline worth USD250bn
19 Jun 2017
(MENAFN) Saudi Arabia has the largest slice of unawarded projects worth USD250bn through the GCC States, while projects that yet to have their main construction deals awarded, reached 39 percent.
Furthermore, the kingdom’s energy sector reached 33 percent of the total, worth USD82bn, whereas the construction sector claims the second-biggest segment at 29 percent.
With the plan made for economic transformation in its Vision 2030 document, Riyadh is now setting about installing the reforms to reposition the nation.
Accordingly, one of the first main steps has been the establishment of the National Center for Privatization to plan and oversee the procurement of public-private partnerships.
MENAFN1906201700450000ID1095566511
MENAFN1906201700450000ID1095566511
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