Saudi construction industry continues to lead the Mena region despite the macroeconomic conditions hitting the sector globally - with a project pipeline of unawarded projects estimated at a whopping $1.1 trillion, said a leading real estate expert.
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In the UAE, the construction sector once again accounted for the biggest pie of new project awards, representing 59.7 per cent of total projects in Q3-2022
With $121 billion social projects planned and underway in GCC, the private sector is likely to play a vital role in infrastructure project delivery going ahead, said an expert. Of these projects, the lion s share is based in Saudi Arabia ($71 billion).
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