Saudi Arabia has swept the United Arab Emirates off the top spot in the regional construction race with plans to generate higher funds towards the Kingdom’s construction sector.
The Kingdom plans to generate nearly $450 billion in construction contracts in the next five years compared to $400 billion in the UAE, according to data released at the Arabian World Construction Summit in Abu Dhabi.
Over the last five years, the UAE accounted for $380 billion in projects, while Saudi Arabia generated $225 billion, research by data analyst Meed Projects found.
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