The ripple effect of Saudi Arabia’s construction boom ...United Arab Emirates

Since the launch of Saudi Arabia’s ‘Giga projects’ as part of its ‘Vision 2030’ economic diversification scheme, the kingdom has emerged as a key driver in the construction sector in the Middle East. In fact, 39% of the Middle East and Africa (MENA) project pipeline is in KSA, with activity forecast to experience 4% growth each year between 2024 and 2027. According to the Saudi Contractors Authority (SCA), the building and construction sector contributes 6% to GDP, making it the second-largest non-oil sector in the country. While it presents unprecedented economic opportunities for KSA and the region, the high concentration of multiple colossal development projects, at various design and dev

Hence then, the article about the ripple effect of saudi arabia s construction boom was published today ( Thursday 11/07/2024 - 02:40 PM ) and is available on ME CONSTRUCTION NEWS ( United Arab Emirates ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

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Last updated : 11 July 2024 clock 02:40 PM

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The ripple effect of Saudi Arabia’s construction boom ...United Arab Emirates

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