拢50bn of infrastructure projects underway in Kingdom

Saudi Arabia鈥檚 construction industry will grow by 6.8% in 2010, fuelled by government spending on major infrastructure projects.

Business Monitor International, an independent provider of country data, analysis and forecasts, is predicting the growth rates based on projects on site and due to start this year.

It said the growth was down to government commitment to infrastructure and Saudi Arabia鈥檚 ability to continue fund projects in the absence of private finance.

Around $80bn (拢50bn) worth of infrastructure projects are currently underway in the country, with $16bn (拢10bn) in construction contracts already handed out by the government in the first half of 2010.

 

Topics