RIYADH: Saudi Arabia’s construction sector saw the value of awarded contracts increase to SR192.4 billion ($51.3 billion) in 2022 a 35 percent rise on the previous year, a leading industry body has revealed. According to the US-Saudi Business Council, contract values during the fourth quarter of 2022 reached SR71.5 million, accounting for 37 percent of the total contracts
RIYADH: The construction sector in Saudi Arabia maintained its growth momentum in the third quarter of 2022 with contracts worth SR25.2 billion ($6.7 billion) awarded during the period, according to a report by the US Saudi Business Council. The report suggested that multiple Vision Realization Programs in the fields of tourism, housing, and infrastructure development drove
The value of awarded contracts in Saudi Arabia for Q3 2022 reached SR25 billion ($6.7 billion) with the construction sector headlined by a number of programmes related to tourism and housing along with physical infrastructure developments, said a report.
RIYADH: Saudi Arabia’s mega projects helped fuel SR94.5 billion ($25.15 billion) in contracts being awarded in the first half of 2022, according to the latest report released by the US Saudi Business Council. This represented an 88 percent year-on year rise. The total value of projects awarded during the second quarter reached SR48.6 billion, while in the first quarter it