The kingdom has US$220 billion (Dh808.09bn) of projects in the development pipeline, representing 36 per cent of all the constructions deals in the Middle East and North Africa (Mena), according to data compiled by Citi Investment Research & Analysis.
Saudi Arabia awarded $11.4bn in construction contracts in the first six months of this year, Citi reported.
But the GCC's biggest market remains difficult to break into for international players. Opportunity does not always translate into profits for many companies hoping to grow a business in the kingdom.
No comments:
Post a Comment