Real estate repercussions ...United Arab Emirates

ME CONSTRUCTION NEWS - Local News
Real estate repercussions
source : ME CONSTRUCTION NEWS ( United Arab Emirates ) () 61
Since the launch of Saudi Arabia’s giga projects, the Kingdom has emerged as a key driver in the construction sector in the Middle East. In fact, 39% of the 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 developments, at various design and development stages, has strained the construction activities of the nation and neighbouring countrie

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