Saudi construction segment remains strongest in MENA says JLL ...United Arab Emirates

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Saudi construction segment remains strongest in MENA says JLL
As per JLL’s Q4 2022 KSA Construction Market Intelligence Report, Saudi Arabia’s construction industry continues to lead the MENA region despite macroeconomic conditions impacting the sector globally. JLL notes that Saudi Arabia witnessed the highest value of project awards in 2022, which demonstrated its commitment to economic diversification and transforming in line with Saudi Vision 2030. Construction output growth in KSA is anticipated to rise by 3.2% in 2022, with a further annual average growth rate (AAGR) of 4% between 2023 to 2026 as indicated by Global Data, JLL revealed. Saudi Arabia has maintained its position as the strongest market across the MENA region with the highest total v

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