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FINANCIAL NEWS
Value of Saudi contracts touches USD 59.4bn in 2015
13 Mar 2016
(MENAFN) The value of given deals across Q4 of 2015 decreased by 25 percent in Saudi Arabia, compared to Q3 of the cited year, to register USD 12.15bn.
However, despite the drop in Q4, the whole value of contracts reached USD 59.4bn last year, growing by 1.2 percent compared to 2014.
Additionally, the value of awarded deals at USD 59.4bn in 2015 brings a positive end to the year, but some issues attributed to the lower gov’t spending.
Moreover, this year revenues are predicted at USD 137.01bn, down USD 162.1bn in 2015, which is important to acknowledge that over the last few years.
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