Saturday, 28 July 2012

Saudi Arabia eying boom in construction valued at $629 billion

Saudi Arabia’s construction sector is expected to go through a period of accelerated growth during the next few years, with a value of projects estimated at $629 billion.

More than $500 billion of investment opportunities in energy, transportation, education, healthcare and other vital economic sectors are among established projects, making the Kingdom a leading investment hub for construction work.

The kingdom is considered to be the region’s top economy, with a growing large young population and highly competitive business environment and national initiatives in infrastructure development.

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